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

FHA loan Lothian Maryland

The Best FHA Home Loan Rates!

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

Lothian is an unincorporated community in Anne Arundel County, Maryland, United States. 12 miles southwest of Annapolis, 24 miles east of Washington and 31 miles south of Baltimore. As of the 2010 Census, the population was 6,643 people.

The area offers the relaxed pace and pleasures of country living just a short commute from either Baltimore or Washington, DC. Both older homes and new residences in primarily colonial architectural styling dominate the housing selection.

Major Attractions in and around Lothian, MD

Jug Bay Wetlands Sanctuary (Wetland, marsh, park and garden, birdwatching and fishing)
Parris N. Glendening Nature Preserve (Park and garden)

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