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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 $33.7 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 $33.7 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 $33.7 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
 

Neighborhood Watch

Six Pack: $247 Million For 6 Baltimore County Apartments


Morgan Properties of Philadelphia recently acquired 6 Baltimore County apartment projects for a total of $247 million. The portfolio of county properties covers 1,979 units and gives Morgan Properties a total of $800 million in real estate investments in the Mid-Atlantic Region.

The properties purchased are all located in the Windsor Mill area and were all previously owned by Harbor Group International:

  • Crosswinds at Rolling Road
  • Diamond Ridge
  • Glens at Rolling Road
  • Granite Run
  • Rolling Wind
  • Stratton Meadows

Morgan Properties will be investing $60 million in renovations of the kitchens and bathrooms of all the properties and will be adding fitness centers, resident lounges, dog parks and playgrounds.

“This is another case of an out-of-town group with huge resources going big with a large acquisition of Baltimore apartments,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “The Baltimore market fits the criteria that a lot of these groups look for – expect even more talk of acquisitions soon.”

#FollowDevelopment on Twitter! We cover what’s going on with development all over DC/MD/VA! Thanks to the BizJournals on the alert.

 

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