First Time Home Buyer Bowie Maryland

The Best Home Loans For First Time Home Buyers! CLICK HERE!

Bowie Maryland’s #1 First Time Home Buyer Bowie Maryland loan lender. Helping borrowers in Bowie Maryland qualify for the best First Time Home Buyer loan to meet their borrowing requirements. Some First Time Home Buyer loan programs are government backed by the Federal Housing Administration (FHA). These popular first time homebuyer loans require lower minimum credit scores and down payments to make it easier to qualify. Even if this is not your first home but you have not purchased a home in 3 years you qualify for as low as 3% down on your home purchase.

First Time Home Buyer Programs
Bowie Maryland

CambridgeHomeLoan.com has a number of First time home buyer loan programs from simple W2 employees to full 2 year tax returns, self employed loans, Non QM loans and more with low down payments and fees. Contact us today to craft the loan that best fits your needs when buying in Bowie Maryland. Some qualifications below.

FHA First Time Home Buyer and HomeReady Program Terms

A credit score of at least 580 for a 3% down home loan
A credit score of 500 to 579 for a 10% down payment
FHA loan with 3.5% down payment requirement
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% down Home Loan in Bowie Maryland. Use this application to pre-qualify and start shopping for your new home in Bowie 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 Loan you can qualify for.

Benefits of Being A First Time Home Buyer In Bowie Maryland

Low down payment with a minimum of 3% down payment
Lower credit scores. Down to 580 to for 3.5% down payment
VA Loan with No down payment required
For First Time Home Buyer's, FHA provides a guarantee loans to the lender who is actually extending the loan on an FHA loan.
To apply for an FHA loan, you'll need to provide your Social Security number, two years of tax returns and employment verification.
Simple Application and Approval Process
To apply for an FHA loan, you'll need to provide your Social Security number, two years of tax returns and employment verification.

Bowie Maryland is in Prince George’s County known as one of the best places to live in Maryland. Bowie offers residents a sparse suburban feel and most of the residence own their own homes.

Bowie, MD was a sellers market in November 2021, which means there were more people looking to buy than there were homes available.

Median list price as of 2021 in Bowie Maryland is $420,000. In November 2021 in Bowie, MD there were 70.5% more homes for sale than in October.

Things To Do In Bowie Maryland

* Allen Pond Park is an 85-acre multipurpose playland with ice skating, an amphitheater, picnic pavilions, a skate park, sports fields, basketball courts, hiking trails, exercise stations, and playgrounds.

* Prince George’s Stadium opened in 1994 and serves as a sports venue for baseball, softball, lacrosse, and several community-based activities. It serves as the home field for the Baltimore Maryland farm team, the Bowie Baysox.

* The National Capital Radio & Television Museum was established in 1993 by the Mid-Atlantic Antique Radio Club, a hobby group of antique radio enthusiasts.

* Six Flags America Amusement Park got its start in Maryland as a drive-thru safari park in 1974.