First Time Home Buyer Capitol Heights Maryland

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

Capitol Heights is a town in Prince George’s County, Maryland, United States, located on the border of both the Northeast & Southeast quadrants of Washington. Capitol Heights is a suburb of Washington, D.C. with a population of 4,528. Capitol Heights is in Prince George’s County. Living in Capitol Heights offers residents a dense suburban feel and most residents own their homes. In Capitol Heights there are a lot of parks.

Capitol Heights Elementary School

601 Suffolk Ave · +1 301-817-0494

 

Maryland Park Junior High School

202 Maryland Park Dr

 

Princeton elementary school

2-6 Chamber Ave

accokeek first time home buyer

The average listed home price is $525,000 up over 17% from 2020. As of Dec 2021 Capitol Heights MD is a sellers market, this means that there are more people looking to buy than there are homes available.  

Things To Do In Capitol Heights Maryland

  • Watts Branch (River)
  • Prince Georges African American Museum and Cultural Center (Museum)
  • Cultural Resources Center (Museum)
  • Annapolis Road
  • The Smithsonian’s Museum Conservation Institute (Museum)
  • Ridgeley Rosenwald School (History)

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EXPERT HOME LOAN ADVICE

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