Hileman Real Estate

FHA loan

A Federal Housing Administration loan is issued by an FHA-approved lender.

These loans are designed for lowto-moderate-income borrowers, according to the financial guide Investopedia.

FHA loans require lower minimum down payments and lower credit scores than many conventional loans.

FHA loans also require mortage

HELOC

A Home Equity Line of Credit, commonly called a HELOC loan, borrows against the available equity in your home to create a line of credit, much like a credit card.

These funds can be used for large expenses or to consolidate higher-interest rate debt on other loans, according to Bank of America.

It may be possible to use a HELOC to secure funding to make improvements to a home for those who want to flip it as an investment property.

Individuals investing in real estate who do not intend to use a property as a primary residence may turn to private money lenders.

These investors can tap into capital from personal connections and lend at specified interest rates and payback periods, according to Fortune Builders, a real estate investing resource.

Keep in mind the interest rate will likely be higher with a private lender than through a conventional lender. The repayment term also will be shorter.

VA-backed loan

The U.S. Department of Veterans Affairs has a program for acquiring loans through conventional lenders that will be partially guaranteed against loss through the VA.

This enables a lender to give better loan terms, such as the option to pay no down payment.

Interested parties need to qualify for a Certificate of Eligibility and then work with qualified lenders.

People have several options to finance the purchase of a home. These loans can help make the dream of home ownership a reality.

Potential buyers are urged to speak with mortgage professionals or financial planners to consider their options.

Neighbors Serving Neighbors - One Home at a Time

410-208-9200 • 800-337-7368 • 11065 Cathell Road, Ocean Pines • 8202 Coastal Highway, Ocean City • 410-723-9450 Licensed in MD, DE • www.hilemanrealestate.com • e-mail: hilemanre@aol.com

Lynette Bridges-Catha

CRS, PMN, GREEN, SRES

Licensed in MD, DE 443-497-3128 Cell Smilin4shore@comcast.net

NEW LISTING

NEW LISTING!

1 Bedroom, 1 Bath Condo with Ocean Views, Private Parking & Indoor Pool! Take the elevator right out to the Beach and Boardwalk - walk to entertainment, shopping, dining & more. Remodeling has been completed, including Bamboo flooring, Granite Counter tops, & new Stainless Steel Appliances. $329,900

Debora E. Hileman

OWNER/BROKER GRI & CRS

Licensed in MD, DE 443-235-5982 Cell Debbie@Hileman RealEstate.com ONE OF A KIND!

Rare opportunity to own a Riverfront Island Home on 3.6 Acres with private bridge access. Spacious 4 Bedroom, 4.5 Bath home with nearly 4000 sq.ft. Enter into an impressive 2 story Great Room with 6 skylights. Each Bedroom has its own bath. Natural Shoreline includes a private boat dock with boat lift & 2 jet ski lifts. $1,950,000

Tim Ulrich

Associate Broker 410-422-1441 Cell timrealestate9 @gmail.com PERFECT OPPORTUNITY - DAGSBORO, DE

for an "In-Home" Business! Commercial Zoning with Direct access from Rt. 113 North. An addition offers a separate entrance into an office/studio, 4th bedroom, 2nd Bath, & laundry room. Bright living room, large kitchen, & dining/family room with wall to ceiling brick wood-burning fireplace. Plenty of parking on the paved drive. Concrete walkway, rear deck and storage shed. $369,900

Greg Nohe

REALtOR® Licensed in MD & DE 443-413-3077 Archangelnohe @gmail.com

Brenda Nohe

BEAUTIFUL WATERFRONT DEAL ISLAND

Large Loft, BR/2BA. Experience Island Living, Rare Navigable Waterfront w/180 Ft. Bulkhead. Breathtaking Sunrises and Sunsets! Main Floor has Open Floor Plan - Living Room, Kitchen, w/New Granite Counters! Upper-Level Loft has 2 Spacious Rooms w/Fabulous Water Views of Tangier Sound!! Watch Boaters Sail by from the Marina. Home has Laundry Room, Double Car Garage w/High Bay Doors to Store Extra Large Items! Public Boat Ramp Less than 5 Minutes! Bring Your Boat, Jet Skis, Kayaks, Canoes. Owner Has More Renovations to Complete and will Work with Buyers to Choose Some Renovations of Their Choice! All Negotiations thru Listing Agent. Don't Let This Pass You By!! $440,000 BEAUTIFULLY RENOVATED WATERFRONT

Kevin D.

home with 3 BRs, 2.5 Baths on a quiet cul-de-sac street. Vinyl Plank flooring, crown molding, large covered rear deck overlooking the spacious backyard with private boat dock & storage shed. Granite Countertops, Stainless Steel upgraded appliances. Must see to appreciate!! $469,000

Heselbach Associate Broker GRI, RSPS Licensed in MD & DE 301-501-2463 Cell kheselbachHRE @gmail.com

BEAUTIFUL OCEANFRONT LIVING!

2nd floor fully furnished 1BR/1.5BA condo. Open living/kitchen area offers great natural lighting, breakfast bar, updated stainless steel appliances, quartz countertops, and access to a private balcony w/breathtaking ocean views. Other features include LVP flooring throughout, and a stackable W/D. Hall bath comes w/shower/tub combo w/tile surround. Marigot Beach has great amenities such as an indoor pool, fitness center, and game room, as well as access to pool and fitness at the Clarion next door. W/only a short walk to the beach, and minutes from everything Ocean City has to offer! Schedule your tour today! $395,500 BREATHTAKING VIEWS

3BR/2BA rare end unit condo, freshly painted throughout w/brand new carpet. Kitchen has a lg island with a breakfast bar. Open concept dining, kitchen, living room w/backdrop of the Tangier Sound. Primary bedroom features a lg master suite w/separate shower, soaking tub, and walk-in closet. Both the living room and the primary bedroom have lg patio doors that lead to the expansive balcony w/panoramic Bay views. Two additional bedrooms are bright w/windows and ample room for guests. Deep water boat slip #7 included in the sale (14' W x 34.37' L). So much to enjoy w/this unit by the bay!! See for yourself!! Call for your tour today! $269,500

Terri Bradford

Associate Broker, GRI Bethany

Drew

Associate Broker, GRI

Licensed in MD, DE

terri: 410-430-6875 Bethany: 410-430-2602 www.PO2team.com Powerof2@PO2team.com

Thank you to my clients & friends for your friendship and support this past year. I wish you all happiness and good will this holiday season and always.

Sonia Zaffiris

Associate Broker GRI, CRS

Licensed in MD, DE 410-251-6217 soniasez@aol.com

JUST MINUTES FROM OC!

Extra Large lot, sundeck, patio, & shed. Replaced in the past 2 years: Spare room addition, Roof, Flooring, Mini Split HVAC System, Water Heater, Blinds, Driveway with lots of parking, Microwave, Gas Stove, Front-Loading Washer/Dryer, SS Refrigerator, Bathroom with 5' shower. Most furniture conveys. Secure Gated Entry, Marina, Boat Ramp, Boat Storage, Large Swimming Pool & more! YOU OWN THE LAND, NO GROUND RENT! $199,000