First Time Home Buyer Loan Assistance Program in Montgomery Village

First Time Home Buyer Montgomery Village Maryland

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

Montgomery Village is located in Montgomery County, Maryland, United States, and a northern suburb of Washington, D.C. It is a large, planned suburban community, developed in the late 1960s and 1970s just outside Gaithersburg’s city limits.

Schools in Montgomery Village, MD

Montgomery Village Middle School
19300 Watkins Mill Rd · +1 240-740-6720

Watkins Mill Elementary School
19001 Watkins Mill Rd · +1 240-740-5280

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