FHA Loan Brandywine Maryland

FHA loan Brandywine Maryland

The Best FHA Home Loan Rates!

Brandywine Maryland’s #1 FHA loan lender. Helping borrowers in Brandywine qualify for the best FHA loan Maryland 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 Brandywine 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 Brandywine Maryland today! Purchase, Refinance, Cash Out Refinance.

According to an announcement by the FHA 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.

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 Brandywine 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 Brandywine Maryland

The town of Brandywine, Maryland began as land in sole possession of William Hollyday Early, some of a woman from Virginia and Irish immigrant. Though it continues to be unconfirmed, it is said that Brandywine was named after the Battle of Brandywine during the American Revolutionary War. The railroad would be expanded into the area and it wouldn’t be until 1873 that Brandywine would be considered an established railroad town. The establishments built through the late 1800s into the early 1900s still stand and have been designated local historical sites. Today, Brandywine is called home by many and has a very quaint and friendly downtown.

The housing market in Brandywine, Maryland has been on the rise in recent years. With many old foundations being renovated and many new developments being built, Brandywine holds much opportunity for anyone looking to reside in the area. The average residence price in Brandywine, Maryland sits around $600,000, with many beautiful finds in and outside of this price range.