First-time homebuyers must obtain a counseling certificate from a City Approved Counseling Agency.
Upon receiving a homeowner counseling certificate, the borrower can contact the NAVA real estate agent. to assist residence on the available of all financial options,
203(k) benefits for home buyers and homeowners
Shelia Hilton, Coldwell Banker Residential Brokerage, at 410-218-7903 or 410-235-4100 will assist any person or family having a interest to purchase a NAVA properties. or any property .
To complete the CDBG program application, the borrower must return the executed contract back to the counseling agency.
The property must undergo Housing Quality Standards (HQS) inspection by a certified lead abatement inspector.
- Initial/Move-in Inspections are normally completed prior to approval of a leasing agreement. The HQS inspection report captures the condition of a unit prior to a tenant/homebuyer moving in.
Additionally, if the homebuyer qualifies for other mortgage incentive programs, he/she can stack these incentives to pay all of his/her closing cost expenses and may have enough residual to reduce their mortgage principal.
We have witnessed homebuyers stacking more than $20,000 in incentive funds.