Effective 1/20/17, the Maryland Mortgage Program is offering the Maryland Mortgage Grant Assist Program.
Grant Assist offers homebuyers closing cost assistance in the form of a 4% grant of the first loan amount.
Grant funds must be used exclusively for closing costs of the mortgage loan/home purchase.
Grant funds may not be used for down payment or combined with any down payment assistance products offered by CDA.
The grant must always equal 4%; no higher or lower percentages are allowed.
If the grant exceeds closing costs the excess will be applied as a principal curtailment.
Employers, builders, developers, non-profits or other contributors may offer additional assistance; however, the Partner Match Program is not available and the assistance will not be matched by the Department.
The Fact Sheet with all details will be available on the MMP website Fact Sheet Page at: http://mmp.maryland.gov/Lenders/Pages/Fact-Sheets.aspx
Call Betsy Holcomb for more information @ 301-616-5022 or email her at Betsy@deepcreekvacations.com
Ski/In Ski/Out Property-Wisp Resort. Ski in/ski out or slope side access have different personalities just as lakefront does. For example, you may be able to ski-in but not out or vice versa. You might have to walk to the chairlift to get to the slopes but then you can ski back to your property. True ski-in/ski-out access means you’re actually skiing to and from your mountain property. Ski-in/ski-out can be located here at Wisp on the upper to mid portions of the mountain. Wisp Resort has condos at the base of the mountain near the lodge as well. The perks and conveniences of this style property is second to none. Imagine having a cocktail watching the game while rotating time on the slopes with the family. Boot warmers, ski lockers, washer/dryer with a mud room help keep everything convenient and easy. Come in from a ski sesh, strip and get into warm clothes and defrost by the fireplace with a hot cup of cocoa! When you get warmed and energized, hit the slopes again!
Here on Marsh Mountain surrounding Wisp Resort, there is a nice selection of different ski-in/ski-out neighborhoods. Boulder Ridge, Kendall Camp, Highline, Villages of Wisp, are all solid options that have different personalities. Give Betsy Holcomb a call at 301-616-5022 on your next visit and explore the wonderful wintertime real estate options for both personal and investment opportunities.
Here is a link to a few townhome’s for-sale that offer affordability and slope access.
Program will Ease Student Loan Debt, Promote Homeownership!
ANNAPOLIS, MD (November 21, 2016) – The Hogan Administration today announced the first home purchase under a new homeownership initiative designed to ease the burden of student debt. Maryland SmartBuy, within the Department of Housing and Community Development, is the first program of its kind in the nation and will make move-in-ready homes available to buyers while eliminating student loan debt burden, which is often a significant barrier to homeownership for younger homebuyers.
Maryland SmartBuy is the latest initiative in the Hogan administration’s ongoing commitment to help qualified buyers move out from under student debt and into homeownership. The event was attended by Lt. Governor Boyd Rutherford and Maryland Department of Housing and Community Development Secretary Kenneth C. Holt.
“With the launch of SmartBuy, Maryland is among the first in the nation to actively address student debt as an obstacle to homeownership,” said Lt. Governor Rutherford. “We recognize that first-time homebuyers play a pivotal role in the health of the housing market, which is critical to the strength of Maryland’s overall economy.”
This law, which was introduced by the Hogan Administration in the 2016 Legislative Session, authorizes the department to make direct payments on student loans in conjunction with other financial assistance or residential mortgage loans offered under the Maryland Mortgage Program, beginning with the Maryland SmartBuy initiative.
Under the initiative, eligible buyers with student debt can purchase move-in-ready properties made available through the department. The typical buyer can realize substantial savings on quality homes throughout Maryland. Specifically, Maryland SmartBuy will:
Eliminate the buyer’s student loan debt
Provide the buyer with one convenient payment per month
Enable the buyer to access attractive financing and closing cost assistance
Ensure a safe, streamlined, and straightforward home buying and financing experience.
“With Maryland SmartBuy, our state is at the forefront of removing the obstacle of student debt to successful homeownership,” said Department Secretary Kenneth C. Holt. “We want to empower young people to establish roots in Maryland and help strengthen our state as they enjoy the financial security of homeownership.”
The initiative will create an innovative home buying model that could be adopted by the rest of the nation. Mortgage loans will be provided through the department’s Maryland Mortgage Program, which has been the state’s flagship homeownership assistance program for over 30 years. Traditionally, the program provides fixed-rate mortgages, primarily to first-time homebuyers, along with other down payment and closing cost incentives.
For more information about the Maryland SmartBuy initiative, visit http://mmp.maryland.gov/smartbuy.
CONTACT: Sara Luell, Director of Communications, email@example.com, 301-458-1995 (cell), 301-429-7803 (office)
445 Paradise Heights Road, Oakland, MD. This wonderful classic stone home on 3-acres is perched wonderfully above Deep Creek Lake in the gorgeous Paradise Heights community. Filtered summertime views open up to spectacular winter views from this special mountain cabin overlooking the southern portion of the lake. The main level offers a cozy great room with gas fireplace that opens up to a large kitchen and dining area. On the main level, you will find three spacious bedrooms, one being a master. There is a stair lift to access downstairs perfect for accommodating anyone in the family who needs help negotiating stairs. There is plenty of room on the lower level to decorate and make it your own. There is a master bedroom downstairs that almost feels like a mini suite, as well as a family room and another bedroom that could double as a storage area. There’s also a huge pole building/garage to store your cars and toys. Asking price of $349,000. Call Betsy Spiker Holcomb and let her team help you preview this unique and wonderful home. 301-616-5022.
Remarks- Lake access home offering four bedrooms, two of which are masters. This home has two large covered decks for enjoying the views of Deep Creek lake while spending time with friends and family. A great home to make your permanent residence or a vacation home. Large back deck and a boat storage building are a few more great additions. The 2.95 acres gives you plenty of space to call your own.
Enjoy this cozy and charming 5-bedroom lake access home that is just a few steps from the shores of Deep Creek Lake. This home has a beautiful open floor plan on the main level with peek-a-boos of the lake from the great room. Nice roomy kitchen overlooking the dining room and living room which is framed up by a beautiful stone gas fireplace. There is lots of usable deck space outside with close proximity to lake activities. There are two bedrooms on the main level and 3 on the lower level. Downstairs is a very comfortable great room sitting area with an equally impressive gas fireplace as the centerpiece of the room. Step outside on the lower level to a nice deck with seasonal views of the lake. Short walk to Dutch’s Restaurant and Silver Tree Marine. This home is priced right at $425,000. Call Betsy Spiker Holcomb and let her team help you preview this unique and wonderful home.
Remarks-Beautiful lake access/water view home in the Silver Tree landings community. This home offers five bedrooms, two of which are master’s, hardwood flooring, two propane fireplaces, open floorplan and cathedral ceilings. The wrap around deck offers lake views to enjoy those summer evenings. The hot tub is just one more plus to this home. You are within walking distance to restaurant and marina.
31 STILWATER DR, SWANTON, MD 21561. This upscale lake access 5 bedroom home also has a dock slip in the wonderful Stilwater Community. Enter two convenient main doors that have plenty on tile creating a huge mug room. There is a huge kitchen with wood floors throughout the main level. Beautiful cabinetry lead you straight to it huge vaulted ceiling great room with a wood fireplace. The stone work is impressive and absolutely the center piece to the entire room. There’s also a nice mid-level loft on one end of the house that has privacy and could be many different things from another rec room, sitting room or a TV room. Enjoyed beautiful master bedroom on the main level that has plenty of space to stretch out and relax. Upstairs you’ll find two mini suites that are fantastic rooms. You will enjoy seasonal views of the lake that become wide open during the winter months. You will also have picturesque views of farm adjacent to the Stillwater community. Downstairs there’s plenty of room with another vast sitting area with gas fireplace that is centered between two master bedrooms. You have huge amounts of space for pool table and TV activity. This home is one of a kind and certainly worth a look on your next visit to Deep Creek Lake. Call Betsy Spiker Holcomb to arrange a showing with her team. 301-616-5022
Remarks- This stunning home is located in the beautiful Stilwater subdivision. Offering an open floor plan, three levels of living space, granite counter tops, two stone fireplaces, hardwood floors and lake views. The five bedrooms, large front deck and a great enclosed porch make this home ideal to enjoy family and friends. The boat slip and lake access are just a few more great features this home boasts.
134 Quiet Quail Way-Deep Creek Lake Real Estate. Log home living at its best on the exclusive mountaintop community of Sandy Shores Vista. This home offers amazing mix of rustic/modern log home architecture with beautiful views of Deep Creek Lake. This property is nestled perfectly on 2.3 private acres.
The main level has a spacious and open kitchen/dining area with granite countertops and modern appliances. The kitchen stretches into a beautiful great room with elevated log fireplace and many windows to enjoy your own secluded and scenic view of the lake. The great room adjoins a wonderfully laid out master bedroom with both stand up shower and sit down tub. Outside the Master Bedroom, enjoy your own private deck that also has an outdoor fireplace.
Upstairs you’ll find a charming sitting room that has a large bathroom that services too large sized bedrooms. Downstairs you’ll find an amazing entertaining area. It has a pub size bar with a sink and plenty of counter/cabinet space. Entertaining family and friends will never be as easy and fun! There also is a mud room downstairs to enter during the snowy winter season that help protect the plush carpet downstairs. This home has plenty of outdoor space with nice wood decking off the main level and brick veranda off the lower level.
It has a very special feel and has a personal place in my heart because it’s right down the road from our house. Give a call at 301-616-5022 or email me at firstname.lastname@example.org to schedule a showing.
Enjoy beautiful Deep Creek lakefront living at Marsh Hill Road. As you walk into the main level, you’ll notice a good view of the lake from a perched kitchen and dining living area. Just down the hall is a wonderfully cozy sitting room with a huge stone fireplace that also overlooks the lake. On the opposite end of the main level, you’ll find a huge master bedroom with plenty of closet space and a washer/dryer area with an enormous folding space. This joins a massive and gorgeous master bathroom which gives a mini-suite feel. You’ll notice beautiful wood floors throughout the entire main level as a class accent. Upstairs you will find three additional master bedrooms that have plenty of space and that are laid out perfectly. Downstairs you have a great sized recreation area with a pool table next to a nice wet bar. You also have an additional laundry room downstairs which has plenty of room for ping pong tables and bumper pool style games. There’s also a spacious bedroom that walks out onto a stone terrace and hot tub. This property is perched perfectly above Deep Creek Lake across from the 219 Bridge. The landscaping throughout the entire property is gorgeous. There’s plenty of room here with 180′ of lakefront. The house almost has a park-like feel to it. Take some time on your next visit to come visit this gorgeous property. You will not be disappointed.
Memorial Day weekend was a huge success again this year as we saw people coming from every direction to enjoy Deep Creek Lake. I noticed a few boats after lunch buzzing McHenry Cove slowly gearing up to enjoy a wonderful holiday weekend. By Saturday at noon the lake was packed with families enjoying all the lake has to offer. I saw fishermen, tubers, skiers, wakeboarders, wakesurfers, sailboats and jetskis running all full throttle by dusk.
I snuck out Sunday morning at 6am on my paddleboard to get a little peaceful time to myself. I was rewarded with perfect temperature’s and perfect glass. I saw one fishing boat buzz through in the hour I was out, but other than that I had the lake to myself.
Honi Honi was rocking as usual on Monday and I had a fantastic time talking to friends and out-of-towners. People had their beach chairs and blankets laid out enjoying one of many perfect days this weekend. The docks were full of happy boaters, kids packed the playground, the cornhole games were full and the funky 70’s music set the pace for a wonderful day. By Tuesday morning the lake was empty of boats and people, but the weather is still holding up nicely. Thanks to everyone who participated in a safe and successful Memorial Day Weekend. Through all the fun I talked to a lot of folks that respected the true meaning of the weekend, paying respect to the veterans who have protected out great country.