The Severn housing market is characterized by a mix of single-family homes, townhouses, and condominiums. Neighborhoods like Severn Heights and Benfield offer a range of housing options, from newer constructions to established communities. According to recent data, the median home price in Severn has increased by 5% over the past year, driven by strong demand and limited inventory.

The local real estate market is also influenced by its proximity to major employment centers, including the Fort Meade military base and the Baltimore-Washington corridor. This has contributed to a diverse range of housing types and price points, making Severn an attractive location for various buyers.

Severn is comprised of several distinct neighborhoods, each with its own character and advantages. Some of the notable areas include:

• Severn Heights: Known for its older homes and established community.
• Benfield: Offers a mix of single-family homes and townhouses.
• Crestview: Features newer constructions and a more suburban atmosphere.

When choosing a neighborhood, consider factors such as school districts, property taxes, and commute times to ensure the best fit for your lifestyle and budget.

At NMHL, we specialize in serving underserved borrowers, including those with bad credit, self-employed individuals, and veterans. Our 'VA Advantage' loan program is designed to help veterans utilize their VA benefits, while our 'Self-Employed Solution' loan program provides flexible income verification for self-employed borrowers.

For borrowers with bad credit, our 'Credit Rebuilder' loan program offers a pathway to mortgage financing while helping to improve credit scores.

Maryland offers several down payment assistance programs that can be used in conjunction with NMHL's mortgage products. The Maryland Mortgage Program, for example, provides down payment assistance grants and competitive interest rates for eligible borrowers.

Additionally, the Maryland HomeCredit Program offers a federal tax credit that can be used to offset mortgage interest, reducing the overall cost of homeownership.

School districts play a significant role in determining home values in Severn. The area is served by the Anne Arundel County Public Schools system, which includes several highly-rated schools. Homes located within the boundaries of top-performing schools tend to command higher prices and appreciate in value over time.

When considering a home purchase in Severn, it's essential to research the local school districts and their impact on property values.