FHA Loan Baltimore Maryland

FHA loan Baltimore Maryland

MARYLAND'S #1 FHA LOAN LENDER - CLICK HERE TO APPLY!

The Best FHA Home Loan Rates!

We are Baltimore Maryland’s #1 FHA loan lender. We are helping borrowers in Baltimore 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 Baltimore 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 Baltimore 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. Not just Baltimore, we are serving all of FHA Loan Maryland.

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

Prequalify for your FHA Home Loan - CLICK HERE!

Benefits of an FHA Home Loan in Baltimore 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.
Home loan flip application
Prequalify for your FHA Home Loan - CLICK HERE!

About Baltimore Maryland

Baltimore is a major city in Maryland with a long history as an important seaport. Fort McHenry, birthplace of the U.S. national anthem, “The Star-Spangled Banner,” sits at the mouth of Baltimore’s Inner Harbor. Today, this harbor area offers shops, upscale crab shacks and attractions like the Civil War–era warship the USS Constellation and the National Aquarium, showcasing thousands of marine creatures.

Because of its great location, lively neighborhoods, and employment opportunities, that make Baltimore a good place to live, the city’s cost of living is 17% higher than the national average. A large portion of that cost is housing—which is 47% higher than the national average.

Major Attractions in and around Baltimore, MD

  • National Aquarium (Iconic fixture for marine-life exhibits)
  • Baltimore Museum of Art (19th-century, modern & contemporary art)
  • Fort McHenry National Monument and Historic Shrine (Famed “Star-Spangled Banner” fort)
  • The Walters Art Museum (Ancient & 18th-19th century art)
  • American Visionary Art Museum (Unusual exhibits, sculptures & a garden)
  • George Peabody Library (Stately 19th-century research library)

For Investment Loans - Fix To Flip and Fix to Rent CLICK HERE!

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December 12, 2022 No Comments

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

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Annapolis, the state capital
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Arnold, MD Baltimore, the largest city
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