First time home buyer Frederick Maryland Home Loan Application. Qualify or Apply Below!
CambridgeHomeLoan.com is the #1 First Time Home Buyer lender in Frederick Maryland. With Loan programs starting from no money down for our military to 3% down for most first time home buyers, we have the program to make your dream of home ownership in Frederick come true.
FHA Home loans are a popular first time home buyer program and require just a 3.5% down payment for borrowers with a 580 FICO credit score or higher. For a HomeReady home loan you can put as little as 3% down.
For homebuyers with credit that is less-than-perfect, the FHA loans offer additional significant benefits. The government backing for these loans means average FHA interest rates are typically lower than average rates for conventional mortgages.
Borrowers with FICO credit scores as low as 500 can still qualify for an FHA loan if they use a 10% down payment. These guidelines and policies do vary.
About Frederick Maryland
Frederick Maryland is the second largest city in Maryland and is part of the Baltimore -Washington Metropolitan Area.
In Frederick there is a great cultural center with museums galore, scenic landscapes and unique specialty shops.
Located less than one hour from Washington D.C., the city of Frederick Maryland is surrounded by Mountains views and wineries as well as Maryland’s largest brewery.
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