FHA loan Abingdon Maryland

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CambridgeHomeLoan.com is Abingdon Maryland’s #1 FHA loan lender. We are helping borrowers in Abingdon 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 Abingdon Maryland

Credit score of at least 580 for a 3.5% down payment
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 Abingdon 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 Abingdon 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 Abingdon Maryland

Abingdon is a census-designated place in Harford County, Maryland, United States. It lies 25 miles northeast of Baltimore on Maryland Route 7, near the Bush River, between Exits 77 (MD 24) and 80 (MD 543) of Interstate 95.

Abingdon is a popular place to live for those who want to be close to the hustle and bustle of big-city living, without living right in the middle of the actual city itself. Abingdon, Maryland, is in the center of the state, just 25 miles northeast of Baltimore.

Major Attractions in and around Abingdon, 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)

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