We are Savage Maryland’s #1 FHA loan lender. We are helping borrowers in Savage 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 Savage 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 Savage 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 Savage, we are the best lender for FHA Loan Maryland.

Contact us to find out what the loan limits in the county you would like to purchase in. Call now 800-826-5077

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 Savage Maryland

About Savage Maryland

Savage is located close to the center of Maryland. Savage is part of Howard County. Savage has 2.74 square miles of land area and 0.01 square miles of water area. As of 2010-2014, the total Savage population is 6,139. Savage is such a great place to live and raise children. It is nice and friendly environment. It is really quiet and the environment is very clean and not crowds like other cities. It is a fun place to live in.

he major companies serving Emmitsburg are E&G Corporation, Prime Manufacturing Technologies, Spread Concepts LLC, Cleary Packaging and many more.

 

Major Attractions in and around Savage, MD

  • Terrapin Adventures (Zip line, camping and climbing)
  • Savage Park (Athletic fields, trails & playground)
  • Bollman Iron Truss Bridge
  • Wincopin Trails
  • Commodore Joshua Barney House (History)
  • Wincopin Green Trail

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EXPERT HOME LOAN ADVICE

FHA Mortgage
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What is an FHA Loan?

So, what is an FHA Loan? Mortgages that are insured by the Federal Housing Administration (FHA) are referred to as FHA Loans. This type of

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