FHA Home Loan Burkittsville MD- Check 2022 Loan Limits and Rates

FHA loan Burkittsville Maryland

The Best FHA Home Loan Rates!

We are Burkittsville Maryland’s #1 FHA loan lender. We are helping borrowers in Burkittsville 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 Burkittsville 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 Burkittsville 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 Burkittsville, we are serving all of FHA Loan Maryland.

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 Burkittsville 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 Burkittsville Maryland

Burkittsville is located in northwest Maryland. Burkittsville is part of Frederick County. Burkittsville has 0.45 square miles of land area. Burkittsville is a historic village in Frederick County, Maryland, United States. The village lies in the southern Middletown Valley along the eastern base of South Mountain. Burkittsville is a residential area with an economy based in agriculture and tourism.

Burkittsville is a nice, friendly, and quiet town. You can count on many of the locals to give a helping hand. It is a community that is strong and peaceful for any family to settle down. The downside to Burkittsville is that it is a bit too small.

Major Attractions in and around Burkittsville, MD

Gathland State Park (Historic home of a Civil War journalist)
South Mountain Heritage Society (History and museum)
Distillery Lane Ciderworks
National War Correspondents Memorial Arch (History)
Crampton’s Gap
Catoctin Creek Park & Nature Center (Park with an interactive nature center)
The Kennedy Farm (History)
Othello Regional Park (Park and garden)
Elk Ridge (Mountain ridge with trails & climbing)

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