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

Washington Grove is a town in Montgomery County, Maryland, United States. The population was 555 at the 2010 United States Census. The Washington Grove Historic District was listed on the National Register of Historic Places in 1980.

Schools in Washington Grove, MD

Washington Grove Elementary
Elementary school in Maryland
8712 Oakmont St Phone: +1 240-740-0300

first time home buyer pinecrest village

The average listed home price is $525,000 up over 17% from 2020. As of Dec 2021 Washington Grove MD is a sellers market, this means that there are more people looking to buy than there are homes available. Not just Washington Grove, we are serving all of First Time Home Buyer Maryland market.

Living in Washington Grove offers residents a rural feel and most residents own their homes. In Washington Grove there are a lot of restaurants, coffee shops, and parks. Many retirees live in Washington Grove and residents tend to have moderate political views. The public schools in Washington Grove are above average.

Things To Do In Washington Grove Maryland

  • City of Gaithersburg Water Park at Bohrer Park (Outdoor pool with giant waterslides)
  • Seneca Creek State Park (Sprawling oasis for fishing & hunting)
  • Rock Creek Regional Park (Woodland hiking trails & 2 lakes)
  • Gaithersburg Community Museum (Museum)
  • Bohrer Park (City park for picnics & putt-putt)
  • Agricultural History Farm Park (Vintage farm with exhibits & trails)

 

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