FHA Loan Montgomery County Maryland

FHA loan Montgomery County Maryland

The Best FHA Home Loan Rates!

Montgomery County Maryland’s #1 FHA loan lender. Helping borrowers in Montgomery County 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 loan Maryland require lower minimum credit scores and low down payments.

FHA Loan Requirements Montgomery County 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 Montgomery County Maryland today! Purchase, Refinance, Cash Out Refinance.

According to an announcement by the FHA 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 Montgomery County 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 Montgomery County Maryland

Just north of the United States’ capital, Washington D.C., sits the state of Maryland’s Montgomery County. Like most of the region, Montgomery County has immense history and is one of the oldest modern settlements in the United States. In the 1800s, Montgomery County saw much immigration and infrastructure development, including roadways and the railroad. In the early 1900s, public services, like the county police department were established. Throughout the 1900s, Montgomery County would continue to construct not only residences and commercial property, but also its local government. With many beautiful outdoor parks, historical sites, and delicious eateries, there is so much opportunity for fun in Montgomery County.

Montgomery County, Maryland being the most populated county in Maryland has a very wide range of residences, in terms of styles and price. Today, the average price of a home in Montgomery County is around $500,000 and the local real estate market is on the rise.

FHA loan Florida has a capping of $1, 169, 900 for a four-unit property. This amount is subject to change from country to country.

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