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

Takoma Park is a city in Montgomery County, Maryland, United States. It is a suburb of Washington, and part of the Washington metropolitan area. Founded in 1883 and incorporated in 1890, Takoma Park, informally called “Azalea City”, is a Tree City USA and a nuclear-free zone.

Schools in Takoma Park, MD

Takoma Park Elementary School
7511 Holly Ave · +1 240-740-0980

Takoma Park Middle School
7611 Piney Branch Rd · +1 240-740-5220

Piney Branch Elementary School
7510 Maple Ave · +1 301-891-8000

first time home buyer pinecrest village

The average listed home price is $525,000 up over 17% from 2020. As of Dec 2021 Takoma Park 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 Takoma Park offers residents an urban feel and most residents own their homes. In Takoma Park there are a lot of bars, restaurants, coffee shops, and parks. Many families and young professionals live in Takoma Park and residents tend to be liberal. The public schools in Takoma Park are highly rated.

Things To Do In Takoma Park Maryland

  • Sligo Creek Trail (Park and garden and running)
  • Silver Spring B&O Railroad Station (Restored train station built in 1940s)
  • Rock Creek (Park and garden, deer, hiking and running)
  • Acorn Urban Park (Small park with gazebo & shaded paths)
  • Washington D.C. Temple (Modern temple of the LDS faith)
  • Sligo Creek ()

 

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