Yes, it?s true! No, it?s not a scam! Despite what you may have heard, you can still buy a home for no money down AND get a low interest rate as well! So what is the catch? The catch is that the home you want to buy must meet the USDA eligibility requirements to be considered a ?rural home?. You do have to meet income guidelines for the loan, like any other loan, and there is also a limit to what you can borrow, which is up to $417,000 (depending on what you qualify for). Now you may be thinking, ?But I don?t want to live out in the middle of nowhere!? You won?t have to! Many homes in Carroll County, as well as other counties, are in areas designated as rural! Here?s an example of some properties that the USDA says are eligible (click on an address for information about the property): 3447 Augusta Rd; 3130 Lineboro Rd; 4380 Old Field Ln; 2512 Neudecker Rd. These properties are not ?in the middle of nowhere? and there are many more!

If you?ve been listening to the news lately, they are telling you that now is the time to buy. They are right! Home prices and interest rates are down. It may be a long time before an opportunity like this happens again. So what should you do next? Before going out to look at homes, you should call your lender first to find out how much you qualify for. You don?t want to waste your time looking at homes you can?t afford and you don?t want to have a payment you would be uncomfortable with. Your lender will help you figure out what is best for you and will provide a ?Pre-Approval Letter? when you find the home you want (a ?Pre-Approval Letter? is needed when you submit a contract). If you do not already have a trusted lender, we recommend Connie Dube with First Home Mortgage. You can call her at her office, 410-832-5954 or on her cell, 410-218-4561. She is very friendly and does a great job! She has been in the mortgage business for over 25 years. Tell her Bob & Sherri sent you.  Click here to go to Connie's webpage.

Once you find out what you can comfortably afford, click here to go to ?Homes Prospector?. You can look for current homes that meet your price range, as well as other features you are interested in, and you will also get an email anytime a new home comes on the market that meets your criteria. Should you need any help setting it up, email your criteria to us at info@thefalesteam.com or call us at 443-465-0166. When you find a home (or homes) you would like to look at, email the address (or MLS number) or give us a call and we will tell you if that home is one you could buy with no money down. If it meets the criteria for a ?rural home?, we will set up a time with you to go out to see it.

Buying a home is exciting and we look forward to helping you find the home that is right for you! Feel free to call or email us with any questions you may have.