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"DC Open Doors" pays your Down Payment for you on a home purchase in DC. The money does not have to be paid back. You must have:
  • Less than $125,580/year in income
  • Have fair to good credit (660+)
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Virginia Housing Development Authority (VHDA) pays your Down Payment when you meet certain criteria. The money does not have to be paid back. You must have:
  • Less than $97,520/year in income (1-2 person households)
  • Less than $113,840/year in income (3+ persons)
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
The Maryland Mortgage Program loans you up to $8,500 in Down Payment Assistance. There's additional incentives from specific Maryland employers + great student loan incentive programs.
  • Incomes lower than $88,400 for 1-2 person households are eligible
  • Incomes between $88,400 & $128,760 may be eligible, based on county
UrbanLand Company Agents have over $38 million in successful $0 Down and low down payment home sales. Set Appointment $0 Down Loan Estimate Or, get to know us in our Free Home Buyer Workshops
 

Real Estate

Baltimore City Added to ULC’s Neighborhood Watch – Homes Selling at Losses


UrbanLand Company’s Neighborhood Watch is what we call our neighborhood focus lists – these are zones of value that first time home buyers, real estate investors and developers should take note of. In the past, we’ve looked at neighborhoods like the H Street corridor, Anacostia, Deanwood and Eckington, and even entire counties like Prince George’s County.

“Our Neighborhood Watch is driven by value and not just the overall prices of homes and land in a market,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “These are zones that we showcase to home buyers and our developer clientele to keep them ahead of future trends and appreciation hot zones.”

baltimore-charles-street

Why Baltimore City? “Our neighbor up North has its fair current share of negative news and social issues, but it’s key to take a long-term outlook when it comes to real estate,” commented DiRuggiero. “From a property and land standpoint, the city has a ton of opportunity for pioneering home buyers and investors.  The city has already been profiled as a ‘millennials magnet market‘ and and as a leader among markets using FHA low down payment loans.”

The latest news on Baltimore City and its attractiveness comes from RealtyTrac, a real estate data firm. During one of their recent 2015 year-end summary reports, they analyzed home seller loss trends across the US. Just 19 of 155 counties that were analyzed showed average home price losses for home sellers during 2015.

In that set of 19 counties? Baltimore City within Baltimore County showed a 13% average loss for home sellers since their original purchase. Baltimore joins places like Mobile County, Alabama, Cuyahoga County, Ohio, Burlington County, New Jersey and Montgomery County, Ohio as a leader in losses within that group of markets.

“Without digging in too deep, sellers showing average losses since purchase should catch the eyes of home buyers and investors shopping for value. This city has not had the surges in home and land values of DC yet. There’s high percentage gains to be had in this zone for long-term,” concluded DiRuggiero.

On the rental side of things, rents are actually expected to drop in Baltimore City after several years of rising. Average rents are expected to drop slightly from it’s current $1,714 average to $1,702 by the end of the year. That’s a small drop but there could be more to come. Hundreds of new apartments are coming online this year for the City, joining thousands others that have already recently been built.

For more information on Baltimore City real estate, contact 202.299.9223 or email Info@UrbanLandCompany.com. Here’s several homes showing current price drops!
 

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