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

FHA loan Myersville Maryland

The Best FHA Home Loan Rates!

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

Myersville is located in northwest Maryland. Myersville is part of Frederick County. Myersville has 1.02 square miles of land area and 0.00 square miles of water area. As of 2010-2014, the total Myersville population is 1,859, which has grown 34.52% since 2000.

Myersville is in Frederick County and is one of the best places to live in Maryland. Living in Myersville offers residents a rural feel and most residents own their homes. Many families and young professionals live in Myersville and residents tend to lean conservative. The public schools in Myersville are highly rated.

Major Attractions in and around Myersville, MD

Greenbrier State Park (Country spot with a lake & sandy beach)
Washington Monument State Park (Hiking trail with a historical monument)
Gambrill State Park (Mountain area with 16 miles of trails)
South Mountain State Park (Recreation area with trails & vistas)
Orchid Cellar Meadery and Winery (Winery, wine tasting and wine)
Annapolis Rock & Black Rock Cliff Trailhead

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