First time home buyer Columbia Maryland
Columbia Maryland’s #1 First Time Home Buyer loan lender. Helping borrowers in Columbia Maryland qualify for the best First Time Home Buyer loan to meet their borrowing requirements. Some First Time Home Buyer loan programs in Columbia 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 Program Columbia 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, statement only and more with low down payments and fees. Contact us today to craft the loan that best fits your needs. Some qualifications below.
FHA and 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 Glen Burnie Maryland. Use this application to pre-qualify and start shopping for your new home in Glen Burnie 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.
Benefits of Being A First Time Home Buyer In Columbia 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.

About Columbia Maryland
Columbia Maryland is an unincorporated community located in Howard County, Maryland. It is located about 20 miles southwest of Baltimore. Neighboring communities are Ellicott City (to the north), Elkridge (to the east), Laurel (to the south), and Gaithersburg (to the west).
Live entertainment can be found at the Columbia lakefront. Merriweather Post Pavilion, located in Symphony Woods in Columbia’s Town Center, offers outdoor concerts performed throughout the summer. Every June, the Columbia Festival of the Arts electrifies the community with featured world-class music performers. “Wine in the Woods” is an annual celebration held in May showcasing wineries from across the state, and featuring live entertainment, food from local vendors, unique arts and crafts

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