I work with a phenomenal lender who deals with all of the programs MD and DC as well he is a 203k lender holding all their own paper. He is really big on 203k because it gives the homeowner the ability to earn equity on their home going into the loan instead of dealing with declining market values. He couples this programs with many of the First Time Home Buyer Programs available for MD that gives the buyer an edge on how much they have need to get into their first home.
If you would like additional information on the lender and the ability to speak with him further so he can tell you what can be done for you please inbox me for his information. Best wishes and I look forward to connecting.
Get in touch with me for more info
Joseph A. Ray
Branch Manager NMLS # 204912
Sutherland Mortgage Services, Inc.
10015 Old Columbia Rd. Suite B215
Columbia, MD 21046
So the short answer is yes, but you need the guidance of someone both on the real estate side and the lending side that understands all of the options and how they pertain to you...