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

Spencerville is located in Montgomery County, Maryland, United States. Spencerville is 1 mile north of Cloverly. Spencerville has a post office with ZIP code 20868.

Schools in Spencerville, MD

Spencerville Adventist Academy
2502 Spencerville Rd · +1 301-421-9101

The Journey School
2430 Spencerville Rd · +1 240-324-6160

Paint Branch Montessori School
2410 Spencerville Rd · +1 301-434-0373

first time home buyer pinecrest village

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

Living in Spencerville offers residents a rural feel and most residents own their homes. In Spencerville there are a lot of parks. Many young professionals live in Spencerville and residents tend to be liberal. The public schools in Spencerville are highly rated.

Things To Do In Spencerville Maryland

  • Maydale Nature Classroom (Park and garden)
  • Matthew Henson State Park (Creekside greenway with a paved trail)
  • Maydale Conservation Park
  • Rocky Gorge Reservoir (Recreational lake for hiking & fishing)
  • Sandy Spring Slave Museum (Museum, art and art museum)
  • Paint Branch (River)

 

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