First Time Home Buyers

132 Things your realtor can do for you

Getting to know your Agent:

If you are involved in a real estate transaction in Maryland, you should understand the unique role of real estate agents.  The role has been defined over the years by law and by custom.

Whether you are considering buying or selling a home, it is important that you understand the role of real estate agents and the types of agency relationships available to you.

Home Buyer Education:

Homebuyer education, sometimes called housing or pre-purchasing counseling, helps homebuyer’s prepare for the journey of purchasing a home and the many new challenges of being a homeowner.  For some Maryland Mortgage Program loans, completing homebuyer education is a requirement.  Note that in some jurisdictions, specific course providers or course types must be completed to meet full eligibility for a Maryland Mortgage Program loan.

Down Payment and Closing Cost Assistance:

Down payment and closing cost assistance is money that you can use to meet the requirements for securing a home loan, and which makes the purchase of a home more affordable.  Funds available for down payment and closing cost may be provided in the form of a grant or as a deferred, no-interest loan.

Credit Repair: