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

Laurel is a city in Maryland, United States, located midway between Washington and Baltimore on the banks of the Patuxent River. While the city limits are entirely in northern Prince George’s County, outlying developments extend into Anne Arundel, Montgomery and Howard counties. Laurel is a diverse neighborhood with a wide range opportunities for those looking for jobs as well. It has an overall safe neighborhood and is welcoming to all the different families interested in living in the area. From family homes, apartments, and townhouses, Laurel has countless areas for any person or family.

Laurel High School
8000 Cherry Ln · +1 301-497-2050

Laurel Elementary School
516 Montgomery St #4299 · +1 301-497-3660

Scotchtown Hills Elementary School
15950 Dorset Rd #5313 · +1 301-497-3994

First time home buyer laurel

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

Things To Do In Laurel Maryland

  • Laurel Historical Society (Museum with regional exhibits & programs)
  • Montpelier House Museum (Restored home with 18th-century roots)
  • Granville Gude Park (Park and garden)
  • Leo E. Wilson Community Park
  • Terrapin Adventures (Zip line, climbing and camping)
  • National Cryptologic Museum (Code-making artifacts & exhibits)

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.

 

EXPERT HOME LOAN ADVICE

FHA Mortgage
Uncategorized

What is an FHA Loan?

So, what is an FHA Loan? Mortgages that are insured by the Federal Housing Administration (FHA) are referred to as FHA Loans. This type of

Read More »