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10267 White Pelican Way #102A
New Market, MD 21774
A first-floor condo in Lake Linganore with two real paths to get in: $0 down through Frederick County, Maryland, and federal programs — or a 3-2-1 buydown that starts the payment at 3.99%. Move-in ready, with LVP flooring, in the Audubon Villas community at Lake Linganore.
First-floor condo · Lake Linganore — Audubon Villas · $4,865 in seller-paid costs: the seller is paying one full year of condo dues ($3,540) plus the Lake Linganore capital contribution fee ($1,325)
Way 1 — $0 Down: HAP · MMP · USDA / VA
- Frederick County HAP — 0% interest, no monthly payment, deferred until sale or refinance: $15,000 at 51–80% of area median income; up to $18,000 at or below 50% AMI.
- Maryland MMP — up to $15,105 in Maryland Mortgage Program down payment assistance, also 0% and deferred — and it can stack with HAP. $6,000 flat, or 3% / 4% / 5% of the loan (5% = $12,588 on this home); HomeStart up to 6% = $15,105 for lower-income buyers. HAP and MMP can combine.
- USDA + VA — $0 down: true zero-down loans for buyers who qualify, no assistance second mortgage needed. This home is in USDA-eligible New Market; VA buyers $0 down with no income cap.
- Income too high for these programs? Ask Paul about creative 100% financing options with no income caps. Call Paul — (443) 388-6608.
All programs subject to income, program, and condo project eligibility. USDA eligibility is subject to address, income, and condo project eligibility.
Way 2 — 3-2-1 Buydown: Start at 3.99%
Prefer a lower payment now? A seller-funded 3-2-1 buydown steps the rate up over three years, saving $462.58/month in Year 1 and about $10,923 over the first 3 years.
3.99% Year 1 rate · $1,254.80/mo principal & interest
| Period | Payment rate* | Monthly P&I | You save / mo |
|---|---|---|---|
| Year 1 | 3.99% | $1,254.80 | $462.58 |
| Year 2 | 4.99% | $1,411.04 | $306.34 |
| Year 3 | 5.99% | $1,576.03 | $141.35 |
| Years 4–30 | 6.99% | $1,748.98 | — |
Principal & interest only. Taxes, insurance, HOA/condo fees, and mortgage insurance are additional.
How the scenario is built
- Assumed offer price: $277,000 — a creative offer above the $265,000 list price.
- 5% down: $13,850 · Loan: $263,150 · 30-year fixed at a 6.99% note rate.
- Estimated buydown funding: $12,061.
- Comparison payment of $1,717.38 is on a $251,750 loan at 7.25%. The buydown is subject to an acceptable offer, seller agreement, and lender approval.
7.210% APR — based on an 800 credit score (FICO), 5% down payment, first-time homebuyer. Rates as of November 8, 2026. Rates subject to change without notice.
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.
