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

Damascus is a census-designated place and an unincorporated area in Montgomery County, Maryland, United States. In the early 20th century, there existed an incorporated municipality lasting a quarter century. It had a population of 17,224 as of the 2020 census. Damascus is in Montgomery County and is one of the best places to live in Maryland. Living in Damascus offers residents a suburban rural mix feel and most residents own their homes. In Damascus there are a lot of parks. The public schools in Damascus are highly rated.

Schools in Damascus, MD

Damascus High School
25921 Ridge Rd · +1 240-207-2400

Damascus Elementary School
10201 Bethesda Church Rd · +1 240-740-6180

Children’s Center of Damascus Clearspring Elementary School
9930 Moyer Rd · +1 301-253-9618

first time home buyer st cloud

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

  • Magruder Branch Trail
  • Butler’s Orchard (Farm with kids’ activities & a market)
  • Damascus Recreational Park (Vast area for athletics & picnics)
  • Stop Drop and Play Children’s Museum (Museum)
  • Damascus Heritage Society Museum (Museum)
  • Bennett Creek Conservation Park (Park and garden)

 

 

 

 

 

 

 

 

 

EXPERT HOME LOAN ADVICE

Commercial-bridge-loans-chl
Uncategorized

Commercial Bridge Loan

Commercial Bridge Loans A Commercial Real Estate Bridge Loan is defined as a short-term real estate loan for a Commercial Property – such as a retail store,

Read More »
first time home buyer
Uncategorized

First Time Home Buyer

Are you a first time home buyer that’s wondering if you can qualify for your first home. First time home buyers typically have information thrown

Read More »
First time home buyer
Uncategorized

First Time Home Buyer Loan Options

One of the biggest hurdles for first-time home buyers is financing their purchase. Thankfully, there are numerous loan products and down-payment assistance programs designed to

Read More »

Discuss Loan Options

I would like to discuss my loan options

Quick Apply

I would like to apply for my loan myself

Pre-Qualify

I am shopping for a home and would like to pre-qualify for my price range.