Financing your home in Ellicott City, Maryland

If you already have a relationship with a lender, wonderful. However, if you need mortgage advise, we can help. You're going to be spending many THOUSAND$ OF DOLLAR$ for your newly purchased home in Ellicott City. Your Homefinders.com agent will introduce you to trusted, experienced lenders who will help you get the best loan for your individual needs and price range.

Split Level Home in Centennial School District

100% MORTGAGE LOANS
100% Mortgage Loans are popular with families with low savings and good income. Yes. You can finance the full amount of the purchase price of your home. Ask your Homefinders.com buyer's agent for a referral to an experienced lender who will qualify you for a NO DOWN PAYMENT loan with reasonable rates and fees.

Conventional Conforming Financing
These loans conform to the Fannie Mae guidelines for eligibility, meaning that, on average, the buyers may devote up to approximately 28% of their before tax income to housing. These loans require a down payment of at least 5%. You can also obtain 100% financing with conventional loans. In exchange for a slightly higher interest rate, the lender will lend you money with no down payment and will even pay your closing costs. The higher interest rates are deductible and are often a good buy for folks with good income, good credit and little cash.

Jumbo Financing
For loans above Fannie Mae Conventional limit, lenders offer "JUMBO" loans. We work with lenders who specialize in the Jumbo or Portfolio loans for special people like you who are in the luxury home market. You will not have to lift a finger. Our lenders will communicate and process your loan by electronic means or, if you are local, will meet with you at your convenience in your office or home. Loans up to over several million are available and special long lock loans, up to 9 months, are also available. This may be important if you decide to build and it appears that rates may be on the increase. We follow loan programs with long term locks, float-down features, short term locks, fixed, ARMs, no-documentation or low documentation loans, or any type that is best for you.

Ellicott City Real Estate
A part of the Homefinders.com Network