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

FHA loan Joppatowne Maryland

The Best FHA Home Loan Rates!

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

Joppatowne is a place in southwestern Harford County, Maryland, United States. Serving as a bedroom community for nearby Baltimore, it was established in 1961 as a planned unit development. The population was 12,616 at the 2010 census, up from 11,391 in 2000.

Joppatowne is conveniently located close to Interstate 95, Baltimore City, Pennsylvania, and Delaware, as well as everything Harford County has to offer! It’s a beautiful place to live! Joppatowne is a beautiful place to raise a family because it is a family friendly town with a park and football field.

Major Attractions in and around Joppatowne, MD

Mariner Point Park (Park and garden)
Bay RV Ctr LLC
Gunpowder Falls State Park Hammerman Area (Riverfront picnic & kayak destination)
Hampton National Historic Site (Historic plantation with gardens & tours)
Loch Raven Reservoir (Scenic water reserve with fishing & more)
Ma & Pa Heritage Trail..