First Time Home Buyer Cabin John Maryland

Cabin John Maryland’s #1 First Time Home Buyer loan lender. Helping borrowers in Cabin John Maryland qualify for the best First Time Home Buyer loan to meet their borrowing requirements. Some First Time Home Buyer loan programs in Cabin John 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
Cabin John 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 Cabin John Maryland. Use this application to pre-qualify and start shopping for your new home in Cabin John 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 Cabin John Maryland

Cabin John is a census-designated place and an unincorporated area in Montgomery County, Maryland, United States. Its original southern boundary encompassed a section of the Chesapeake and Ohio Canal including locks 8–12, and the northern shore of the Potomac River. Cabin John is a suburb of Washington, D.C. with a population of 2,121. Cabin John is in Montgomery County and is one of the best places to live in Maryland.

Schools in Cabin John, MD

Clara Barton Center for Children
7425 Macarthur Blvd · +1 301-320-4565

Cabin John Middle School
Potomac, MD, United States · +1 240-406-1600

Kids After Hours Carderock Springs
Bethesda, MD, United States · +1 301-933-6888

first time home buyer cabin john

The average listed home price is $525,000 up over 17% from 2020. As of Dec 2021 Cabin John 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 Cabin John Maryland

  • Glen Echo Park (Visual & performing arts venue)
  • Clara Barton National Historic Site (Red Cross founder’s 1891 home & office)
  • Turkey Run Park (National park with riverfront trails)
  • American Legion Memorial Bridge ()
  • Chesapeake and Ohio Canal National Historical Park (Old waterway offering canal boat rides)
  • Great Falls Park (Dramatic views, hiking & rafting)

 

 

 

 

 

 

 

 

 

 

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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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