First Time Home Buyer Chevy Chase Maryland

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

Chevy Chase is in Montgomery County and is one of the best places to live in Maryland. In Chevy Chase there are a lot of restaurants, coffee shops, and parks. Many retirees live in Chevy Chase and residents tend to have moderate political views. The public schools in Chevy Chase are highly rated. Chevy Chase is the name of both a town and an unincorporated census-designated place (Chevy Chase (CDP), Maryland) that straddle the northwest border of Washington, D.C. and Montgomery County, Maryland, United States.

Schools in Chevy Chase, MD

Chevy Chase Elementary School
4015 Rosemary St · +1 301-657-4994

North Chevy Chase Elementary
3700 Jones Bridge Rd · +1 240-204-5280

Bethesda Chevy Chase High School
Bethesda, MD, United States · +1 240-740-0400

first time home buyer cabin john

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

  • National Museum of Health and Medicine (Collection of medical specimens)
  • Rock Creek (Park and garden, deer, running and hiking)
  • Washington D.C. Temple (Modern temple of the LDS faith)
  • Woodend Sanctuary & Mansion
  • Sligo Creek Trail (Park and garden and running)
  • Audubon Naturalist Society (Bird-centered gift, book & supply store)

 

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