FHA loan Arnold Maryland

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

Arnold, a census-designated place in Anne Arundel County, Maryland, United States, located just outside of the state’s capital, Annapolis. It is located 18.78 miles south of Baltimore, and 29.97 miles east of Washington DC.

Arnold is in Anne Arundel County and is one of the best places to live in Maryland. Living in Arnold offers residents a suburban rural mix feel and most residents own their homes. Many young professionals live in Arnold and residents tend to lean conservative. The public schools in Arnold are highly rated.

Major Attractions in and around Arnold, MD

Sandy Point State Park (Local beach with Bay Bridge views)
Broadneck Peninsula Trail
Spriggs Farm Park on the Magothy
Quiet Waters Park (Parkland with a playground & gardens)
Arnold Park
Baltimore and Annapolis Trail (Cycling)

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