FHA Loan Hyattsville Maryland

FHA loan Hyattsville Maryland

The Best FHA Home Loan Rates!

Hyattsville Maryland’s #1 FHA loan lender. Helping borrowers in Hyattsville 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 Hyattsville 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 Hyattsville 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.

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 Hyattsville 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 Hyattsville Maryland

The town of Hyattsville, Maryland officially received its name in 1845 when Christopher Clarke Hyatt purchased land, opened a store, and named the town Hyattsville while applying to be postmaster. With its prime location on the passing railroad, Hyattsville grew quickly. After the civil war, Christopher Hyatt and other local land owners began sub-dividing, selling, and developing lots. The cheap price of land drew many to the area. Hyattsville would be officially incorporated in April of 1886 and would be known for its tobacco plantations and production of tobacco products. Through time, Hyattsville would grow in population and expand its residential and commercial developments.

Today, Hyattsville, Maryland is an established suburban and has a booming local and commuter job market. Hyattsville sits 20 minutes outside of the nation’s capital, Washington D.C., and just under an hour from Baltimore. There is much opportunity and potential in Hyattsville, Maryland. The average home listing price in Hyattsville, Maryland is around $390,000

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