FREE VA APPRAISAL

Partnering with great people means great rewards for our VA buyers!

100% VA FINANCING

VA 100% financing up to $500,000 Anne Arundel County and VA 5% down payment up $625,000. This program will vary as the VA county limits change.

LONG TERM LOCK IN (UP TO 360 DAYS)

We have options for locking in FHA/VA/Conventional/Conventional Jumbo for up to one year. We will review all options with borrower to determine which matches best with borrower’s profile. There is a guaranteed rate option – rate will not change during locked timeframe; an option with float down if rates improve during lock time frame; and a lock option with a guaranteed range for the rate.

5% DOWN PAYMENT TO $625,000

This program will fill the gap in financing from a $417,000 – $625,000 loan amount with 5% down payment. At this time, FHA will allow up to $560,000 in Anne Arundel County with 3.5% down payment, but the mortgage insurance is very expensive. The mortgage insurance also stays in place for life of the loan with FHA. With conventional 5% down program, the mortgage insurance can be removed once 20% equity on the home.

BUILDER INCENTIVE PROGRAM WITH CDA

This program is available for first time buyers (not owned a home in last three years). In Anne Arundel County, the maximum price will be $429,000 and maximum income for household size of two or less will be $102,000 and $119,800 for three or higher. This is a great program for buyers that do not have sufficient funds for down payment and to help reduce the amount a buyer will need in builder help. Community Development Administration (CDA) will match up to $2,500 from builder contribution. This would mean the follow for the borrower:

• $2,500 Builder
• $2,500 CDA match
• $5,000 DSELP from CDA
• $10,000 total contribution for buyer with only $2,500 from builder

FOR MORE INFORMATION

To learn more about any of the above-mentioned programs, contact Sam Rosenblatt at Academy Mortgage.

Sam Rosenblatt
Mortgage Planner
NMLS #75844
MD License #237

6960 Aviation Blvd.
Suite E
Glen Burnie, MD 21061

Office: (410) 553-2641
Cell: (410) 375-4447
Toll Free: (888) 646-2726
Fax: (443) 548-2500