New 80% Median Income Limits for Baltimore for 2008 April 11, 2008
Posted by Patti Shawgo in First Time Home Buyers, Local News, Mortgage News, down payment assistance.2 comments
The 80% Median Income limit is important to know for most down payment assistance programs. Baltimore County’s MALP (Mortgage Assistance Loan Program), Anne Arundel county’s $30,000 program, other county SELP’s, and the Federal Home Loan Bank grant all use these figures.
Effective today, here are the new income limits:
Household Size Income Limit
1 $43,050
2 $49,200
3 $55,350
4 $61,500
5 $66,400
6 $71,350
7 $76,250
8 $81,200
Facing Foreclosure in Maryland? Check out this resource. April 3, 2008
Posted by Patti Shawgo in Interesting Stuff, Local News.add a comment
The Department of Labor, Licensing, and Regulation has put together a site with information for home owner’s who are facing foreclosure.
You can check it out here: http://www.dllr.state.md.us/finance/mortfore.htm
It explains the foreclosure process in Maryland, as well as warning about some of the awful scams that have been going on around the area.
