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1312 Hillcrest Drive
Frederick, MD 21703
Love the home. Let’s talk payment. Two ways in: $0 down payment options, or special financing with rates starting as low as 3.99% for qualified buyers. Call Liz at (301) 401-3021.
96 days on market · as of Nov 8, 2026 · Finished basement · No HOA
Section 1 — Lowest Payment: The 3-2-1 Buydown
A seller-funded temporary buydown, structured into a creative offer. Your payment starts low and steps up once a year for three years. Subject to an acceptable offer, seller agreement and lender approval.
3.99% Year 1 payment rate* · $2,083.79/month principal & interest
| Period | Payment rate* | Monthly P&I |
|---|---|---|
| Year 1 | 3.99% | $2,083.79 |
| Year 2 | 4.99% | $2,343.24 |
| Year 3 | 5.99% | $2,617.23 |
| Years 4–30 | 6.99% | $2,904.44 |
Taxes, insurance, HOA and mortgage insurance are additional.
How the scenario is built
- Creative offer price: $460,000 (list price $440,000 + buydown funding).
- 5% down: $23,000 · Loan: $437,000 · 30-year fixed at a 6.99% note rate.
- Buydown funding requested: $20,000 (estimated buydown cost $20,029).
- Comparison payment: $2,851.50/month at 7.25% on the $418,000 base loan (95% of the $440,000 list price).
APR 7.210% — The 3-2-1 buydown scenario above carries a 6.99% note rate with 7.210% APR. Based on an 800 credit score, 5% down payment, first-time homebuyer. Rates as of November 8, 2026. Rates subject to change without notice.
Section 2 — $0 Down, 100% Financing
For qualified buyers. Two paths to buy this home with no down payment of your own, plus an option for eligible veterans. Paul will check which path fits you.
- Path 1 — Maryland Mortgage Program (MMP) assistance: buy with $0 down if your income qualifies. MMP assistance can cover your down payment, so qualified buyers can get in without saving a down payment first. At this home’s $440,000 price, the loan sits well under the MMP maximum, which makes Hillcrest Drive one of the strongest MMP candidates in this set.
- Path 2 — Creative 100% financing, NO income caps: income too high for MMP? Creative 100% financing options with no income caps, for qualified buyers.
- VA buyers: $0 down, no income cap, for qualified buyers with VA eligibility.
Seller help may also apply with an acceptable offer. Talk to Liz and Paul about how an offer can be structured for this home.
Why This Home Stands Out
- Finished basement — the extra living space on the lower level is already done.
- Split Level, built 1980 — 3 beds, 2 baths, 1,232 sq ft on a 0.18-acre lot.
- No HOA in Hillcrest Orchards, Frederick 21703.
- 96 days on market — and the same house is also offered for rent, a sign of a flexible seller.
- At 96 days on market, terms can matter as much as price. That is exactly what the two paths above are built for.
How the Creative Offer Works
See the house and the neighborhood in person.
Go through the 3-2-1 buydown and the $0-down paths for this house, line by line.
The financing is structured into the offer, subject to an acceptable offer, seller agreement and lender approval.
Two Flyers for This Home
One for each path. Open either full size or save it to share.
