FHA loan Annapolis Junction Maryland

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FHA Loan Annapolis Junction Maryland – CambridgeHomeLoan.com is Annapolis Junction Maryland’s #1 FHA loan lender. We are helping borrowers in Annapolis Junction 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 Annapolis Junction 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 Annapolis Junction 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 Annapolis Junction 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 Annapolis Junction Maryland

Annapolis Junction is located close to the center of Maryland. Annapolis Junction is between the Howard, Anne Arundel county. On average, the public school district that covers Annapolis Junction is much better than the state average in quality. The Annapolis Junction area code is 410.

Annapolis, Maryland is a lively, contemporary city where centuries-old architecture meets 21st-century living. With its convenient location, charming urban feel, and nautical heritage, it’s no wonder Annapolis was named one of the 20 best places to live on the coast by Coastal Living.

Major Attractions in and around Annapolis Junction, MD

National Cryptologic Museum (Code-making artifacts & exhibits)
Live! Casino & Hotel Maryland (24-hour spot for slots & table games)
Patuxent Research Refuge (Us fish & wildlife department services, fishing, birdwatching, hunting and wildlife)
Autobahn Indoor Speedway & Events – Baltimore, MD/BWI (Indoor tracks for performance go-karts)
Medieval Times Dinner & Tournament (Knights & jousting-themed dinner theater)
Patuxent Research Refuge – North Tract Visitor Center ()

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