Western Shore Realty, LLC

Fannie Mae has special financing for some of their properties. It is called a Homepath Renovation Loan. I received an email last week from a Homepath Lender and he says they even do this loan for vacation homes. Here is the summary of how this loan can help you when purchasing a vacation home:

•  Buyers are eligible to add up to 35% of the as renovated value or $35,000, whichever is less, to their loan for renovation expenses.

• (The buyer must choose one credible General Contractor to complete the renovation bid and project.  Do it yourself projects are not allowed.)

•  The minimum credit score for a down payment less than 20% is 660 for down payments of 20% or more the minimum credit score is 620.

• An “As Completed” appraisal is required for HomePath Renovation Mortgages.

• The current interest rate is less than 5.25%.

•  The minimum down payment is 3%

• No mortgage insurance required.

• Seller can pay up to 6% of the sales price towards closing costs

Currently there are 2 homes on the market in Calvert County that qualify for this special financing. You can view them below. Both homes are located in Drum Point, Lusby.  One is a waterfront home on Drum Point Lake listed at $314,500, the other house in Drum Point has water access to the community beach. Let me know if you would like to see these and find out more about these special offers on Fannie Mae properties in Calvert County, St Marys County, Anne Arundel County and Charles County .

We're sorry, but we couldn't find MLS # CA7588204 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # CA7597982 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Looking for a waterfront luxury home for sale in Lusby? This one was just listed for $1,200,000. It has 2 piers and a boatlift.  Let me know if you would like to see this one or other real estate in St. Leonard. You can call (301) 904-5708 or email me at phyllis@localwaterfront.com

We're sorry, but we couldn't find MLS # CA7556440 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

My pick for the best buy real estate this week is a waterfront cottage for sale in Lusby, Maryland. The cottage in Lusby is small but has a pier on a Spring Cove. The Lusby Cottage for sale is priced at $275,000! To see more cottages under $280,000 view www.smdvacation.com. Let me know if you would like to see this one or other real estate in St. Leonard. You can call (301) 904-5708 or email me at phyllis@localwaterfront.com

We're sorry, but we couldn't find MLS # CA7550959 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Whether you are looking for a vacation home with waterfront, water view, boating or walking the beach Lusby has a variety of homes available. The Lusby town center offers shopping and restaurants.

If you are searching for a beach cottage as a vacation home in Lusby, Cove Point Beach is a great place to look into. Located on the Western Shore of the Chesapeake Bay, iIt is the most beautiful beach in the area and there is a light house as well. You can also stay in a vacation rental to see if you like the Cove Point Beach neighborhood. View some Cove Point Beach real estate listings below:

Showing properties 1 - 2 of 2. See more Cove Point tract real estate.
(all data current as of 5/18/2012)

1. $250,000 : 10972 Beach Dr, Lusby
   
   2 beds, 1 full bath

   Lot size: 7,500 sqft
2. $499,995 : 3095 Calvert Blvd, Lusby
   
   0 beds, 0 baths

   Lot size: 6,430 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

If you are looking for a waterfront home for boating in Lusby there are several creeks available with deep water. Mill Creek is located in Lusby and it even has a Marina. Drum Point and Chesapeake Ranch Estates are located on this creek. St Leonard Creek is a really nice creek for boating as well. I used to take my boat there and anchor out for the night. View real estate listings in Drum Point below:

Showing properties 1 - 10 of 20. See more Drum Point tract real estate.
(all data current as of 5/18/2012)

1. $385,000 : 414 Overlook Dr, Lusby
   
   5 beds, 2 full, 1 part baths

   Home size: 4,504 sq ft

   Lot size: 22,960 sqft
2. $470,000 : 186 Harbor Dr, Lusby
   
   3 beds, 3 full baths

   Home size: 1,654 sq ft

   Lot size: 1.00 ac
3. $275,000 : 463 Dogwood Dr, Lusby
   
   3 beds, 2 full, 1 part baths

   Lot size: 9,757 sqft
4. $224,900 : 230 Calvert Dr, Lusby
   
   3 beds, 2 full, 1 part baths

   Lot size: 9,757 sqft
5. $999,999 : 13112 River Ter, Lusby
   
   4 beds, 4 full baths

   Home size: 2,654 sq ft

   Lot size: 14,985 sqft
6. $637,500 : 277 Cove Dr, Lusby
   
   3 beds, 3 full baths

   Home size: 3,600 sq ft

   Lot size: 15,000 sqft
7. $215,000 : 449 Buckler Dr, Lusby
   
   4 beds, 1 full, 1 part baths

   Lot size: 14,854 sqft
8. $299,900 : 462 Buckler Dr, Lusby
   
   4 beds, 3 full, 1 part baths

   Home size: 2,998 sq ft

   Lot size: 10,542 sqft
9. $849,900 : 230 Harbor Dr, Lusby
   
   4 beds, 3 full, 1 part baths

   Home size: 3,266 sq ft

   Lot size: 11,064 sqft
10. $309,000 : 13141 River View Dr Sw, Lusby
    
    3 beds, 2 full, 1 part baths

    Home size: 2,252 sq ft

    Lot size: 10,500 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

View Real Estate Listings in White Sands below:

Showing properties 1 - 10 of 16. See more White Sands tract real estate.
(all data current as of 5/18/2012)

1. $199,000 : 7809 Pine Blvd, Lusby
   
   3 beds, 2 full baths

   Lot size: 17,038 sqft
2. $265,000 : 945 Chart Ct, Lusby
   
   4 beds, 2 full, 1 part baths

   Home size: 2,216 sq ft

   Lot size: 40,463 sqft
3. $239,000 : 8450 Cedar Ln, Lusby
   
   3 beds, 1 full, 1 part baths

   Home size: 1,508 sq ft

   Lot size: 7,340 sqft
4. $220,000 : 8412 Sailboat Ln, Lusby
   
   4 beds, 3 full, 1 part baths

   Lot size: 15,460 sqft
5. $564,900 : 1152 White Sands Dr, Lusby
   
   3 beds, 2 full baths

   Lot size: 18,310 sqft
6. $239,900 : 8435 Stock Dr, Lusby
   
   3 beds, 2 full, 1 part baths

   Lot size: 17,810 sqft
7. $136,400 : 8452 Walnut Ave, Lusby
   
   3 beds, 3 full baths

   Lot size: 6,500 sqft
8. $249,900 : 7849 Pine Blvd, Lusby
   
   3 beds, 3 full baths

   Home size: 2,660 sq ft

   Lot size: 19,044 sqft
9. $249,000 : 7742 Pine Blvd, Lusby
   
   4 beds, 3 full baths

   Home size: 2,264 sq ft

   Lot size: 15,733 sqft
10. $157,000 : 514 White Sands Dr, Lusby
    
    3 beds, 1 full, 1 part baths

    Lot size: 7,800 sqft

Listing information deemed reliable but not guaranteed. Read full disclaimer.

There are many vacation homes in Lusby with views of the bay, creeks, or Patuxent River. On my website you can sign up to receive waterview listings for under $280,000 at www.HomesUnder280.com.

Now is a great time to buy a vacation home in Lusby. There are some foreclosures available at great prices.