St. Ambrose seems like one of Baltimore's best organizations for housing people. I spoke with a housing counselor from there last week, and not only was she very kind, but she also was very knowledgeable and helped me out a lot. One of their functions is rehabbing homes and selling them, and one of their goals is getting teachers, police officers, firefighters, and EMTs in these homes. They give us first dibs, at least.
So, it's pretty strange to me that the organization advertises a $10,000 off principle deal (to cite one of the houses on my "top 5" list right now)on the houses it's selling, but that I don't qualify because - with my teacher salary, as a single guy - I make too much to qualify. It's only by a little over a thousand bucks, meaning if I cut out coaching or a summer program I would have qualified. It's a bummer, and it kind of sucks and seems to run counter to some of the goals of the program. Probably not the fault of the organization, as it's a grant that might have specific, above-the-organization rules it might have to follow.
I sent them an email over the weekend that sort of outlined some of my concerns and excitements about their properties regarding this issue, and I look forward to seeing how they reply next week.
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2 comments:
Good luck! Buying a house is nerve-wracking. We bought ours (in outer Lauraville) and love it. We got what I think is called a 60/40 loan...actually two mortgages where we could put down a good % on each on a fixed rate mortgage and not have to pay PMI. We went through PENFED which has very low interest rates. Might be worth a look.
Is St. Ambrose geared more towards buying in the city? Are they worth contacting for home buying outside of the city? I'm looking into buying a house soon and am trying to gather information to make the process easier.
And congrats to you on your new home purchase!
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