Profile picture for allme20

would i need a down payment

Im looking to move by december we have 1,000 to put down.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 09 2010 - Glen Burnie
We think we've answered this question for you!
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
 
 

Answers (9)

There is a program called CDA.  It is available in Glen Burnie.

The CDA program will allow you to borrow the down payment.

Also, some costs can be requested from the seller.

I know a couple of lenders that will work with you.

If you need help feel free to call or email.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 11 2011
allme - you asked this back in October, saying you wanted to move by December................so..............it's April now - what happened?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 23 2011

There are several programs that require little to no money down one of the most popular low down payment would be FHA loans that require 3 1/2 % down payment as far as closing cost you can ask for seller participation or perhaps wrap it into the mortgage if allowable... Additionally,  different areas have Rural programs that are still offering 100% financing. One local bank in the Western MA area just came out with $10,000 assistance for buyers that qualify to purchase with $1,000 towards closing cost so there are programs out there you need to see your local lenders to see what is available in your area. the program I mentioned, Buyers need great credit and income not to exceed a certain amount I believe depending on family size. Best of Luck to you; see your local Realtor for help they will usually the best local programs available. 

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 23 2011
Keep saving! $1,000 is a lot of money but might not be enough. Are you a Veteran? 0% down if so. Most important thing you can do now is to contact your mortgage lender. They can set you on the right path to home ownership.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
April 23 2011
Yes you will need a down payme3nt and there are closing costs to consider as well. Maryland has a great first time homebuyer program, depending on who your employer is, how far you live from work and a few other factors it is possible to recieve up to $16,500 is assistance from the state. Some of the money is direct grant money, the reast comes in the form of a non payback, no interest loan. It is only a no payback loan if your stay in the home for a set period of time. If you sell before then the amount is prorated based on number of years you have owned the home. I'm in Crofton, let me know if you want to hear more. Best of luck  
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 28 2010
To be honest, no one , in my opinion, who only has $1000 should even be thinking of buying a home.

You need to plan ahead and save some money. Owning a home can be costly -  besides the mortgage, taxes and insurance. Remember,  there is no super to call when things break. A new roof or furnace is expensive . You will be walking on thin financial ice if you have little or no cushion to fall back on. Most financial advisors would tell you to have at least 3-6 months worth of expenses in the bank.
Save some money first  - you won't be sorry you waited to do that.

Best wishes............
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 09 2010
Yes you will need money to close.  You can get that from a combination of places.  Seller assistance, grants from Anne Arundel Co.  I Like the MAP program if you are buying in A.A. Co. A grant up to $30,000 for qualifying buyers.  Please let me know if you have questions.

Thank You,
Jenna Schreiber
[contact info removed by moderator]
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 09 2010
If you are a first time buyer there is a great program available that will enable you to receive up to $7,500 towards your down payment and closing costs if you meet the criteria to obtain this grant.  Most first time buyers do qualify and need next to no money to close.  If you would like to be put in touch with a lender who is affiliated with this grant, please feel free to contact me.

  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 09 2010
You will most likely need more than $1000 to purchase a home. Depending on your income , credit and other factors, here are several programs to assist first time buyers. These programs differ by county. I'd be happy to help you explore your options.

I hope this is helpful.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
October 09 2010
 
Related Questions
I am a first time homebuyer, are there any classes or seminars available to first timers like myself
Profile picture for Gene Neal
Latest answer by Gene Neal
November 12 2013 | 9 answers
Should I have the loan before trying to buy or make an offer on a home?
Profile picture for Brian Nguyen
Latest answer by Brian Nguyen
November 04 2013 | 9 answers
Is buying an Estate sale home any different from buying a regular home?
Profile picture for Ariane McClure
Latest answer by Ariane McClure
September 30 2013 | 6 answers
Where do I start when looking for a mortgage lender.
Profile picture for Bridget  McGee
Latest answer by Bridget McGee
September 16 2012 | 14 answers
would i need a down payment
Profile picture for Miekeba Jones
Latest answer by Miekeba Jones
October 11 2011 | 9 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 114 Jacobia Dr # A-7, Pasadena, MD Home For Sale
    114 Jacobia Dr # A-7, Pasadena, MD 21122

     For Sale: $205,000

    • Beds: 2
    • Sqft: 1000
    • Baths: 2.0
    • Lot: --
  2. 634 Shore Rd, Severna Park, MD Home For Sale
    634 Shore Rd, Severna Park, MD 21146

     For Sale: $189,900

    • Beds: 1
    • Sqft: 609
    • Baths: 1.0
    • Lot: 7501
  3. 2531 Sandy Run Ct, Annapolis, MD Home For Sale
    2531 Sandy Run Ct, Annapolis, MD 21401

     For Sale: $459,000

    • Beds: 3
    • Sqft: 1810
    • Baths: 2.0
    • Lot: 11438