First Time Home Buyer College Park Maryland

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First Time Home Buyer College Park Maryland

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

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

The City of College Park is in Prince George’s County, Maryland, United States, and is approximately four miles from the northeast border of Washington, D.C. The population was 30,413 at the 2010 United States Census. The 2020 census count was 34,740.

It is a great place to live as a students! The neighborhoods are safe and the people are so kind. There are over 271 different food spots to choose from, also various clubs, lounges and a really cool bowling alley. You will never be bored in college park.

College Park Academy School
Riverdale, MD, United States · +1 240-696-3206

Paint Branch Elementary School
5101 Pierce Ave · +1 301-513-5300

Hollywood Elementary School
9811 49th Ave · +1 301-513-5900

First Time Home Buyer - CLICK HERE TO QUALIFY
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The average listed home price is $525,000 up over 17% from 2020. As of Dec 2021 College Park 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 College Park Maryland

  • College Park Aviation Museum (Flight-focused Smithsonian affiliate)
  • Greenbelt Park (Wooded suburban getaway with campgrounds)
  • Lake Artemesia (Scenic reservoir spanning 38 acres)
  • Anacostia Tributary Trail System
  • University of Maryland Art Gallery (Art museum, art and museum)
  • Riversdale House Museum (History in an early 19th-century house)

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