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

FHA loan Whiteford Maryland

The Best FHA Home Loan Rates!

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

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 Whiteford 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 Whiteford Maryland

Whiteford is a community in Harford County, Maryland, United States. The community has historically had a strong Welsh heritage, which is reflected in the local architecture. The town, a part of the Whiteford-Cardiff Historic District, was added to the National Register of Historic Places in 2005. Until 1978, this community was served by the Maryland and Pennsylvania Railroad at milepost 42.4. Also on the National Register are the Broad Creek Soapstone Quarries and Slate Ridge School. The populated place Cambria lies to the northwest of Whiteford. Today, there are a vast amount of historical sites, museums, beautiful parks, and trails. Whiteford also contains a high-rated public schools system.

Major Attractions in and around Laurel, MD

Fiore Winery & Distillery (Winery, vineyard, wine and wine tasting)
Kilgore Falls
Rocks State Park – Kilgore Falls/ Falling Branch Area (Free-falling waterfall in a state park)
Deer Creek (River, fishing and hiking)
Eden Mill Nature Center (Nature activities & historic mill tours)
King & Queen Seat at Rocks State Park (Park and garden)