Suitland Maryland’s #1 FHA loan lender. Helping borrowers in Suitland 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 Suitland 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 Suitland 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.

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 Suitland Maryland

About Suitland Maryland

Suitland, Maryland has an extensive history that includes different settlements and a major influence on the production of tobacco and tobacco products, like many other towns in the area. The town would be named Suitland after Samuel Taylor Suit who had purchased over 800 acres of land and then constructed developments and sold subdivisions over many years. Through the 1900s, the location of Suitland, would see a great population increase. The success of near by major cities like Baltimore, the nation’s capital, Washington D.C., and the state capital Annapolis along with the student body enlargement of the University of Maryland helped this local economic boom. 

Today, the area is known for a multitude of historic cites, beautiful parks, the access to the Potomac River, and much, much more. Over the past decade, Suitland, Maryland’s real estate market has been on a very steady increase. With many newly renovated old foundations as well as new developments there are many options and much potential for anyone looking to reside in the area. The average home listing price in Suitland, Maryland is around $310,000. 

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Maryland’s #1 FHA Loan Lender – First Time Home Buyer Experts
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