First Time Home Buyer Cheltenham Maryland

First Time Home Buyer Cheltenham Maryland

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

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

First Time Home Buyer Home Loan - CLICK HERE!

Benefits of Being A First Time Home Buyer In Cheltenham 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.
Home loan flip application
Prequalify for your First Time Home Buyer Loan - CLICK HERE!

Cheltenham is an unincorporated community in Prince George’s County, in southern Maryland, United States, adjacent to U.S. Highway 301. It is named after Cheltenham, Gloucestershire, England.

Rica Southern Maryland High School

Croom Vocational High School

9400 Surratts Rd #1324 · +1 301-372-8846

Training by Design

10405 Blackstone Ave · +1 301-640-1203

 

First Time Home Buyer - CLICK HERE TO QUALIFY
accokeek first time home buyer

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

first time home buyer programs in maryland, Arundel & Montgomery county

Things To Do In Cheltenham Maryland

  • Cedarville State Forest (Hiking, camping, fishing & horse trails)
  • Gemeny Winery and Vineyards (Winery, vineyard, wine tasting and wine)
  • Mellwood Park (History)

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VA loan
VA LOAN - NO MONEY DOWN -CLICK HERE
NON QM LOANS
NON QM LOAN FOR BUSINESS OWNERS CLICK HERE

 

EXPERT HOME LOAN ADVICE

FHA Mortgage
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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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August 23, 2022 No Comments