Cumberland HUD Homes
Foreclosure homes often represent a great way to get a fantastic deal on a home. FREE Listings HUD, VA, Bank REO, Foreclore Homes
What is a HUD Home?
When a homeowner cannot make the payments of a HUD insured mortgage, the home is foreclosed by the lender. The lender then transfers ownership of the home to HUD and HUD pays the lender the amount owed to it. HUD will then sale the homes at market value with the intent to sell as quickly as possible.
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First Time Homebuyer
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Bad Credit Home Loans
Home loans with bad credit are realistic with our national loan officer network! Our loan officers provides fast online home loan approvals for people who have bad credit every day and you can be next. Bad credit home loans is our specialty and quite frankly our loan officers are some of the best special finance officers you can have on your side.
FHA Home Loan Refinance FHA Home
New home, or want to refinance your existing FHA mortgage, FHA loan will allow you to purchase a home with a low down payment and with no income limits or credit scoring.
Stop Home Foreclosure
Are you 4, 5, 6 or more payments behind on your mortgage? Have you tried to obtain funds to bring your loan current without success? Do you need help FAST?
Refinance FHA Home
Refinance your existing FHA mortgage, FHA loan will allow you to steamline.
VA Home Loan
The VA Home Loan Program can get you into a home. Your VA benefits to buy or refinance a home with zero down payment. Eligibility to obtain a VA home loan. A Veteran home loan can save you money by giving you an excellent rate, with no monthly mortgage insurance. It is easier to qualify for a VA home loan as compared to a conventional mortgage. The VA offers extra benefits for disabled veterans, so if you have been disabled in service, a military loan can save you even more money
Teacher Next Door Program
The U.S. Department of Housing and Urban Development (HUD) wants to make American communities stronger. The Teacher Next Door (TND) program is designed to further this goal by encouraging teachers* to buy homes in low and moderate-income neighborhoods.
Officer Next Door Program
The U.S. Department of Housing and Urban Development (HUD) wants to make American communities stronger and to build a safer nation. Public safety improves when police officers live in a neighborhood. The Officer Next Door (OND) program helps make this goal a reality by encouraging these valuable professional public servants to become homeowners in revitalization areas.
Cumberland Demographics
As of the censusGR2 of 2000, there were 21,518 people, 9,538 households, and 5,436 families residing in the city. The population density was 916.0/km2 (2,372.7/mi2). There were 11,143 housing units at an average density of 474.3/km2 (1,228.7/mi2). The racial makeup of the city was 92.54% White, 5.06% African American, 0.26% Native American, 0.61% Asian, 0.02% Pacific Islander, 0.26% from other races, and 1.24% from two or more races. 0.70% of the population were Hispanic or Latino of any race.
There were 9,538 households out of which 25.1% had children under the age of 18 living with them, 39.7% were married couples living together, 13.8% had a female householder with no husband present, and 43.0% were non-families. 37.8% of all households were made up of individuals and 18.5% had someone living alone who was 65 years of age or older. The average household size was 2.20 and the average family size was 2.90. City residents have an older demographic profile than the U.S. 22.7% is under the age of 18, 8.2% is from 18 to 24, 25.1% is from 25 to 44, 23.3% is from 45 to 64, and 20.7% is 65 years of age or older. The median age is 41 years compared to a U.S. average of 35.3. Females outnumber males. For every 100 females there are 86.2 males. For every 100 females age 18 and over, there were 81.3 males.
The median income for a household in the city was $25,142, and the median income for a family was $34,500. Males had a median income of $29,484 versus $20,004 for females. The per capita income for the city was $15,813. 19.8% of the population and 15.3% of families were below the poverty line. 29.4% of those under the age of 18 and 10.3% of those 65 and older were living below the poverty line. The family poverty rate is among the highest in the state of Maryland, exceeded only by Baltimore City and Salisbury among the ten largest cities. According to the 2000 Census, educational achievement levels of the city residents lag behind those of Allegany County and the state of Maryland. High school diploma attainment figures for residents 25 years of age and older are lower than the state average (83.8%), with Allegany County at 79.9% and Cumberland at 79.3%. Furthermore, only 13.0% of city residents 25 years of age and older hold at least an undergraduate degree. The comparable figures for Allegany County and Maryland residents are 14.1% and 31.4% respectively
