FHA Home Loan Hagerstown Maryland

FHA loan hagerstown Maryland

The Best FHA Home Loan Rates!

We are Hagerstown Maryland’s #1 FHA loan lender. We are helping borrowers in Hanover 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 Hagerstown 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 Hanover 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 Hanover, 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 Hagerstown 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 Hagerstown Maryland

Washington County, Maryland, United States and the county seat of Washington County. The population of Hagerstown city proper at the 2010 census was 39,662
One of the most beautiful places to visit in Hagerstown, Maryland is simply a place called the “Hagerstown City Park”.

After all, this entire place once operated as a lifeline for communities along the Potomac Rivera for over a 100 years. Which is why, many people are wanting to keep this place clean and preserved for future generations to come.

The Chessappeake and Ohio Canal National Historic Park is a very popular park to visit as it was established to help preserve the neglected remains of the Chesapeake and Ohio Canal.

The Washington County Museum of Fine Arts, which is situated inside of Hagerstown City Park, is an art museum that specializes in displaying the works of many local and international artists from all around the world.

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