First Time Home Buyer Derwood Maryland

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

Derwood is an area in east-central Montgomery County, Maryland, United States. It lies just north of Rockville, southeast of Gaithersburg, southwest of Olney, and northwest of the greater Silver Spring area. Derwood is in Montgomery County and is one of the best places to live in Maryland. Living in Derwood offers residents a dense suburban feel and most residents own their homes. In Derwood there are a lot of parks. Many young professionals live in Derwood and residents tend to lean liberal.

Schools in Derwood, MD

Montgomery College, OITB

15400 Calhoun Dr · +1 301-251-2109

Colonel Zadok Magruder High School

5939 Muncaster Mill Rd · +1 301-840-4600

Candlewood Elementary School

Rockville, MD, United States · +1 301-284-4200

first time home buyer

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

  • Lake Needwood (Lake for boating, fishing & forest hikes)
  • Rock Creek Regional Park (Woodland hiking trails & 2 lakes)
  • Carl Henn Millennium Trail
  • Rock Creek Trail (Running and hiking)
  • Lake Bernard Frank (Lake and fishing)
  • Meadowside Nature Center (8 miles of trails & hands-on exhibits)

 

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