First Time Home Buyer Loan Assistance Program in Garrett Park

First Time Home Buyer Garrett Park Maryland

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

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

Prequalify now to see how much of Loan you can qualify for.

Benefits of Being A First Time Home Buyer In Garrett 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.

Garrett Park is a town in Montgomery County, Maryland. It was named after a former president of the Baltimore and Ohio Railroad, Robert W. Garrett. The population was 992 at the 2010 census. Garrett Park is home to Garrett Park Elementary School, located just outside the town proper.

Schools in Garrett Park, MD

Walter Johnson High School

Tilden Middle School

Wheaton High School

Garrett Park Elementary School

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

Little Bennett Regional Park (Forested area for hiking, camping & golf)
Butler’s Orchard (Farm with kids’ activities & a market)
Black Hill Regional Park (Boating, a dog run, hiking & picnicking)
Ovid Hazen Wells Recreational Park (Park and garden)
Magruder Branch Trail
Sugarloaf Mountain (Popular hiking place with scenic views)

EXPERT HOME LOAN ADVICE

Fast Hard Money Lending Solutions in Clearwater FL

Lenders provide hard money financing and the loan is secured with the property’s value. The loans offered are through private money lenders and do not

March 26, 2023 No Comments

Hard Money Loan Lender West Palm Beach

Lenders offer hard money financing, which is where the loan is secured by the property’s value. Hard money loans are offered by private money lenders,

March 23, 2023 No Comments

Top 5 advantages of Bridge Loan in Florida

1) It can be difficult to understand commercial real estate bridge loans in Florida, but it’s not. Commercial real estate bridge loans are available for

March 23, 2023 No Comments