First Time Home Buyer Riverdale Maryland

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

Riverdale Park, formerly known and often referred to as Riverdale, is a semi-urban town in Prince George’s County, Maryland, United States, a suburb in the Washington, D.C. metropolitan area. The population was 6,955 as of the 2010 U.S. Census. Riverdale Park is a suburb of Washington, D.C. with a population of 7,198. Riverdale Park is in Prince George’s County. Living in Riverdale Park offers residents an urban suburban mix feel and most residents own their homes. In Riverdale Park there are a lot of coffee shops and parks. Many families and young professionals live in Riverdale Park and residents tend to be liberal.

Schools in Riverdale, MD

Riverdale Elementary School
Riverdale, MD, United States · +1 301-985-1850

College Park Academy School
Riverdale, MD, United States · +1 240-696-3206

William Wirt Middle School
Riverdale, MD, United States · +1 301-985-1720

first time home buyer

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

Things To Do In Riverdale Maryland

  • College Park Aviation Museum (Flight-focused Smithsonian affiliate)
  • Riversdale House Museum (History in an early 19th-century house)
  • Greenbelt Park (Wooded suburban getaway with campgrounds)
  • Anacostia Tributary Trail System
  • Lake Artemesia (Scenic reservoir spanning 38 acres)

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