mobile home lender multi-state mortgage lender mortgage company logo Multi-State Lending mortgage loan programs available in:
Alabama, Alaska, California, Colorado, Florida, Montana, Indiana, Louisiana, Maryland, Minnesota, Mississippi, Missouri, New Mexico, North Carolina, North Dakota, Pennsylvania, South Carolina, South Dakota, Tennessee and Texas
manufactured home loan FHA home loans: FHA home buyer streamline refinance mobile home loans reverse mortgage modular home financing
fha home loan happy florida home owners using the FHA mortgage program stop paying a mortgage payment - get a HUD reverse mortgage today! the last mortgage company you'll ever need! start planning your home improvement using our fast home equity lines of credit the premier FHA home loan specialists
fha loans mortgage loans: home purchase Mortgage Refinance home equity loans jumbo mortgage fha
finance your next home 203k fha loan fha 203b loan program 30 year fixed rate loan fixed rate mortgage programs second mortgage programs long term mortgage financing solutions
ARM FHA loans » mortgage loans » Maryland adjustable

Maryland FHA Loan

If you're looking for property in Maryland, you're definitely going to want to consider a Maryland FHA Mortgage Loan. The housing market in Maryland has its market swings; but for the most part, it is really ripe for home buyers looking for single family homes and repeat buyers looking to upgrade. Your real estate options in Maryland are seemingly endless, and with fantastically low FHA rates, alongside a market traditionally strong for buyers, now is the time to take action.

If you want to find the perfect home in Maryland, you'd better have your running shoes on -- the homes in the state that offer significant value are generally on and off the market in less than 30 days. This makes having excellent loan options already in place exceedingly important.

Many buyers make the mistake of believing that a Maryland FHA loan is only for first time home buyers or for those with little credit history or bruised credit. But FHA home loans in Maryland are for everyone looking for owner-occupied residential real estate.

Amazingly enough, even in difficult markets, qualifying for a Maryland FHA home loan is a lot easier when compared to more traditional loan options. Plus, the FHA loan products come with built-in and flexible eligibility requirements, which include but are not limited to the following facts:

  • There are no income caps on FHA loans
  • You'll need a steady work history of at least two years in the same job to qualify (although college can meet this requirement, and on most occasions we can get one-year work histories done, provided you've been in the same field)
  • Lower down payment requirements for the purchase of a home than today's traditional financing options
  • Not credit score driven!
  • Higher debt ratios for both housing and secondary debt
  • Interest rates as low as (or even lower than) conventional loans

The benefits of having an FHA loan are seemingly endless. FHA home loans in MD also allow:

  • Gift down payments allowed with very minimal paperwork -- a family member, relative, or long-time family friend can pay your down payment for you or contribute to your down payment.
  • Down payment assistance programs - if you have not saved your down payment, the FHA program allows you to use qualified grant programs to meet downpayment and closing cost requirements.
  • You can use a non-owner as a co-borrower - this means that your co-borrower doesn't have to live with you and you can get assistance from any long time family friend or family member.

The loan limits may also have an impact on how much home you can purchase. Currently, the loan limitations in Maryland allow for the low, middle, and upper-middle income style homes for single family structures, depending on where you decide to purchase your home. These limits really open up your choices. Counties with housing in higher demand will offer you the highest loan limitations -- so if you can find an excellent deal on a property in an expensive area like Annapolis, you'll find yourself in a better position as a long term investment.

Remember, it is important to be sure that you can handle the monthly costs of owning a home -- expenses like insurance payments, mortgage payments, and other costs -- before taking the big plunge into owning and paying for your own home. Let one of our friendly and knowledgeable representatives pre-qualify you today! Get Started Now!

  purchase refinance  
florida mortgage Mortgage Programs texas mortgage