First Time Home Buyer in Derwood, MD? The Best Home Loans For First Time Home Buyers!
Explore article about First Time Home Buyer in Derwood, MD? The Best Home Loans For First Time Home Buyers! Best FHA Loan Lender in Derwood, Maryland.
First Time Home Buyer Grants Programs Derwood 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 Derwood Maryland. Use this application to pre-qualify and start shopping for your new home in Derwood 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.
Derwood is an area in east-central Montgomery County, Maryland, United States. It lies just north of Rockville, southeast of Gaithersburg, southwest of Olney, and northwest of the greater Silver Spring area. Derwood is in Montgomery County and is one of the best places to live in Maryland. Living in Derwood offers residents a dense suburban feel and most residents own their homes. In Derwood there are a lot of parks. Many young professionals live in Derwood and residents tend to lean liberal.
Schools in Derwood, MD
Montgomery College, OITB
15400 Calhoun Dr · +1 301-251-2109
Colonel Zadok Magruder High School
5939 Muncaster Mill Rd · +1 301-840-4600
Candlewood Elementary School
Rockville, MD, United States · +1 301-284-4200
The average listed home price is $525,000 up over 17% from 2020. As of Dec 2021 Derwood 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.