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Piney Orchard

Odenton, Maryland

Piney Orchard is located in Odenton Maryland and is a community that was developed in the 1990’s.  I believe it is still “the” largest planned community in Anne Arundel County.  There are more than 4,000 homes in the community including single family dwellings, townhomes, condo’s and 55+ Active Adult units.

Additionally, you will find gorgeous parks with walking paths, playgrounds, ball courts, swimming pools shopping, dining, banking and so much more.  If you are looking for a neighborhood that has it all, look no further – this is it. 

Conveniently located minutes from Baltimore, Washington, Annapolis, MarketPlace, WB&A Trails and more. 

Hot properties for sale

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What can you expect your payment to be?

Most common loan products include:

  • FHA, requiring at least 3.5% down
  • Conventional, typically 20% down, but some products offer as little as 0-15% down
  • VA, typically 0% down
Closing costs in Maryland are generally 3-4% of the purchase price which includes State and Local transfer and recordation charges and fees associated with the loan and title.

 

PMI (Private Mortgage Insurance) is applied when your LTV (loan to value) is less than 80%.  Example: You will not have PMI if your down payment is 20% or more.  Typically, your PMI is automatically removed either after a certain period of time, according to your loan terms, OR when the value of your home is less than 80% of what it’s worth (eg. You owe $80,000 and your value is $100,000).

Ready to check out Piney Orchard?

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