First Time Home Buyer Burtonsville Maryland

Burtonsville Maryland’s #1 First Time Home Buyer loan lender. Helping borrowers in Burtonsville Maryland qualify for the best First Time Home Buyer loan to meet their borrowing requirements. Some First Time Home Buyer loan programs in Burtonsville Maryland are 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.

First Time Home Buyer Programs
Burtonsville 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. 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 Burtonsville Maryland. Use this application to pre-qualify and start shopping for your new home in Burtonsville 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 Loan you can qualify for. 

Benefits of Being A First Time Home Buyer In Burtonsville Maryland

Burtonsville is a census-designated place and an unincorporated area in Montgomery County, Maryland, United States. It is situated in the northeast corner of Montgomery County, right on the border of both Howard and Prince George’s counties. It is considered a suburban town in the Washington D.C. Metro Area. Burtonsville is a nice walking community with many trails & lots of nature surrounding the area. The area makes outdoor exercise simple. Diversity is a plus & various types of people makes the neighborhood charming. Multiple routes to get in & out of town makes commuting easy.

Schools in Burtonsville, MD

Burtonsville Elementary School
15516 Old Columbia Pike · +1 240-740-5700

Benjamin Banneker Middle School
14800 Perrywood Dr · +1 240-740-6250

Echelon Academy
4032 Blackburn Ln · +1 301-570-0999

first time home buyer

The average listed home price is $525,000 up over 17% from 2020. As of Dec 2021 Burtonsville MD is a sellers market, this means that there are more people looking to buy than there are homes available. Not just Ashton, we are serving all of First Time Home Buyer Maryland market.

Things To Do In Burtonsville Maryland

  • Fairland Recreational Park (Large space with hiking trails & more)
  • Rocky Gorge Reservoir (Recreational lake for hiking & fishing)
  • Columbia Local Park
  • Maydale Conservation Park
  • Fairland Regional Park (Park and garden)
  • M-NCPPC Dinosaur Park (Archaeological site for dinosaur fossils)

 

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