Aquasco Maryland’s #1 FHA loan lender. Helping borrowers in Aquasco 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 Aquasco 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 Aquasco Maryland today!  Purchase, Refinance, Cash Out Refinance.

According to an announcement by the FHA the loan limit for 2022 will be $420,680 for most of the country. The 2022 FHA loan limit for the high cost areas will be $970,800.

Contact us to find out what the loan limits in the county you would like to purchase in.  Call now 800-826-5077

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 Aquasco Maryland

About Aquasco Maryland

The town of Aquasco, Maryland began in the 1600s as a farm town focused solely on the production of tobacco and tobacco products. The first roads in the town were built to transport the tobacco and it wouldn’t be until the mid-to-late 1800s that a functioning village would be established. The town, along with the rest of Prince George’s County, wouldn’t be incorporated until 1929. Today, Aquasco still holds the rural feel, but the area has become much more modern and increased its neighborly feel. Aquasco has very high ranked public schools and is known to be a safe place to reside. 

The real estate market in Aquasco has much untapped potential. There are many newly renovated “old” homes as well as much new developments entering in the area. The average list price of residences in Aquasco, Maryland sits around $450,000, but many beautiful homes could be found under and over that price range. 

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What is an FHA Loan?

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Maryland’s #1 FHA Loan Lender – First Time Home Buyer Experts