FHA Loan Ashton Maryland

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FHA Loan Ashton Maryland – CambridgeHomeLoan.com isAshton Maryland’s #1 FHA loan lender. Helping borrowers in Ashton 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 Ashton Maryland

FICO 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 Ashton Maryland today! Purchase, Refinance, Cash Out Refinance.

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

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Benefits of an FHA Home Loan in Ashton 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 Ashton Maryland

Ashton, Maryland, bordering the state of Virginia and sitting almost exactly between Washington, D.C. and the city of Annapolis is an amazing suburban area with many job opportunities for those looking for a short commute. Ashton would first be settled by Quakers around the year 1720. Though Ashton would never be officially incorporated, it would be identified as a census-designated-place. Through the 19th and 20th century, Ashton would see a steady increase in population and real estate and infrastructure development. Today, Ashton, Maryland has an abundance of parks and outdoor recreation locations, along with many historical attractions and great eateries.

Ashton, Maryland is home to high-rated, competitive public schools and many amenities that make it a perfect place to reside. The real estate market in Ashton is very diverse and some may say it is competitive. The average home listing price in Ashton, Maryland is around $675,000.

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