Guide for First Time Home Buyer Loan Assistance Program in Lanham

First Time Home Buyer Lanham Maryland

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

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

Lanham is an unincorporated community and census-designated place in Prince George’s County, Maryland, United States. As of the 2010 United States Census it had a population of 10,157. The New Carrollton station as well as an Amtrak station are across the Capital Beltway in New Carrollton, Maryland. Lanham is a suburban neighborhood in the state of Maryland. It’s usually a quite place where almost nothing interesting goes happens. The only time you can find fun here is if you look for it.

Schools in Lanham, MD
Glenarden Woods Elementary
Turning Point Academy Public Charter
James McHenry Elementary
Magnolia Elementary
Catherine T. Reed Elementary
Turning Point Academy Public Charter
Thomas Johnson Middle
Duval High

The average listed home price is $525,000 up over 17% from 2020. As of Dec 2021 Lanham MD is a sellers market, this means that there are more people looking to buy than there are homes available.

First Time Home Buyers Maryland
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First Time Home Buyers Florida
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Things To Do In Lanham Maryland

Greenbelt Park (Wooded suburban getaway with campgrounds)
Anacostia Tributary Trail System
NASA Goddard Visitor Center (Museum)
Murugan Temple of North America (History)
Sri Siva Vishnu Temple, Maryland
Schrom Hills Recreation Center (Green spot with fields & a playground.

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