FHA Home Loan Aberdeen Maryland First time home buyer 3.5% down

FHA loan Aberdeen Maryland

CambidgeHomeLoan.com First Time Home Buyer Programs

The Best FHA Home Loan Rates!

APPLY NOW!

Home » FHA Loan Aberdeen Maryland

CambridgeHomeLoan.com is Aberdeen Maryland’s #1 FHA loan lender! We are helping borrowers in Aberdeen qualify for the best FHA loan to meet their borrowing requirements. An FHA loan is a government backed mortgage insurance by the Federal Housing Administration (FHA). Popular with first time homebuyers, FHA loans require lower minimum credit scores and low down payments.

FHA Loan Requirements Aberdeen Maryland

A credit score of at least 580 for a 3.5% down payment
A credit score of 500 to 579 for a 10% down payment
Mortgage insurance that is offset due to lower FHA interest rates than a conventional loan.
FHA Debt to income ratio of 50% or less

Qualify for a 3.5% down FHA Home Loan. Use this application to prequalify and start shopping for your FHA Loan in Aberdeen Maryland today! Purchase, Refinance, Cash Out Refinance.

Prequalify now to see how much of an FHA Home Loan you can qualify for.

Get Your Pre-Qualification Letter in 15 minutes

Benefits of an FHA Home Loan in Aberdeen Maryland

Low down payment with a minimum of 3.5% down payment
Lower credit scores. Down to 580 to for 3.5% down payment
Great for first time home buyers.
An Federal Housing Administration, FHA provides a guarantee loans to the lender who is actually extending the loan.
To apply for an FHA loan, you'll need to provide your Social Security number, two years of tax returns and employment verification.
FHA loan payments should be equal to or less than 31% of a borrower’s income. If a borrower has debt, the combination of debt payments and mortgage payment should equal 43% or less of the borrower’s income. The lender may make some exceptions to this rule. We can allow for a ratio of 50% DTI
To apply for an FHA loan, you'll need to provide your Social Security number, two years of tax returns and employment verification.

About Aberdeen Maryland

Aberdeen is a city located in Harford County, Maryland, United States, 26 miles (42 km) northeast of Baltimore. The population was 14,959 at the 2010 United States Census. Aberdeen is the largest municipality in Harford County. Aberdeen is part of the Baltimore-Towson Metropolitan Statistical Area (MSA), which is the 20th-largest United States metropolitan area. The nearest city to Aberdeen is Havre de Grace, 4.8 miles (7.7 km) to the northeast. Aberdeen is part of Harford County, Maryland, and the Baltimore metropolitan area, as it’s located just 30 miles northeast of the city. In Aberdeen, you have easy access to local dining, shopping, and entertainment, and you can also take advantage of big-city amenities in Baltimore. Major Attractions in and around Aberdeen, MD

Anita C Leight Estuary Center (Estuary)
Maryland House Travel Plaza
Leight Park
Winters Run (River)
Belcamp Beach (Beach)
Bear Legacy Adventure Trails (Park and garden)

We lend in Maryland and 48 other US States

Allegany County Anne Arundel County Baltimore city Baltimore County Calvert County Caroline County Carroll County Cecil County Charles County Dorchester County Frederick County Garrett County Harford County Howard County Kent County Montgomery County Prince George’s County Queen Anne’s County Somerset County St. Mary’s County Talbot County Washington County Wicomico County Worcester County

EXPERT HOME LOAN ADVICE & FINANCING BLOG

Uncategorized

Real Estate Investors Turning to Private Equity and Hard Money as Banks Begin to Meltdown

Bank Meltdowns See More Real Estate Investors Turning to Private Equity and Hard Money Lenders for Financing The Federal Reserve’s continuous increase in interest rates

May 25, 2023 No Comments

Uncategorized

The Ultimate Guide to Investing in Self Storage Facilities

Everyone, from individuals to businesses, often find themselves with excess stuff, for a lack of a better term. Self-storage facilities are a great remedy to

April 19, 2023 No Comments

FHA

House Hacking 101

“House Hacking” has been a trending topic within the real estate social media world – making its way to, debatably, be the number one suggestion

April 18, 2023 No Comments

FHA

About the FHA New 40-Year Loan

Earlier this month the Federal Housing Administration (FHA) announced that they will be establishing a 40-year financing option to reduce monthly mortgage payments for those

April 18, 2023 No Comments