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

FHA loan Knoxville Maryland

The Best FHA Home Loan Rates!

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

Knoxville is located in northwest Maryland. Knoxville is between the Frederick, Washington county. On average, the public school district that covers Knoxville is better than the state average in quality. The Knoxville area code is 301.

The A- grade means the rate of crime is lower than the average US city. Knoxville is in the 79th percentile for safety, meaning 21% of cities are safer and 79% of cities are more dangerous. People who live in Knoxville generally consider the north part of the city to be the safest.

Major Attractions in and around Knoxville, MD

Harpers Ferry National Historical Park Visitor Center
Brunswick Heritage Museum (Museum devoted to local history & trains)
Maryland Heights Trailhead
Gathland State Park (Historic home of a Civil War journalist)
Loudoun Heights (Mountain)
Hiddencroft Vineyards, LLC (Winery, vineyard, wine and wine tasting)

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