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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’s Historic Hotel Brexton Seeking a Buyer


 

The historic Hotel Brexton in Baltimore’s Mount Vernon is going up for sale. The existing owner has said in the BizJournals that he is accepting any and all offers for the 7-story historic property that was once the home of Wallis Warfield Simpson.  She was a famous divorcee who was in a highly publicized romance with King Edward VIII where he gave up the throne to marry her.

The hotel is located at 868 Park Avenue in Baltimore and underwent a $7.5 million renovation by the current owner, Richard Naing of the RWN Development Group. The hotel has 29 rooms, sat vacant for over 2 decades, and is listed on the National Register of Historic Places.

What’s it take to own a historic hotel in Baltimore? Looks like Richard is requiring a deposit of $150,000 and a 30 day close while being willing to finance up to 65% of the final purchase in an owner financing relationship. RWN Development Group is currently selling off their entire portfolio and has already divested 3 other sites in the last year.

#FollowDevelopment on Twitter! We’re profiling what’s going on in DC, Baltimore, suburban Maryland and Northern Virginia – the area is changing in a big way!

 

 

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