THE FHA IN MARYLAND

FHA loans have been helping Maryland residents since 1934 

 

A licensed Maryland FHA Lender can offer you a better loan including:

Low down payments (if any)

24 Hour Pre-Approval

Low closing costs

Easier credit qualifying

48 hour Streamline Refinancing


 


Maryland First Time Home Buyer Loan

This FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in Maryland with  help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

Maryland FHA Refinance to a Lower Rate

Lowering your monthly mortgage payment is easier than ever as mortgage interest rates continue to set new record lows almost every week for more than two month.  

Maryland FHA Debt Consolidation

An FHA Debt Consolidation Loan can change your life, and we can connect you to an FHA Home Lending expert to talk over your financial situation so you’re not left to figure out everything completely on your own.  

 

Maryland FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

Maryland FHA Lending Limits 2017

Maryland Median Home Sale Price Price $260,000

 

County NameSingleDuplex3 Unit4 Unit
ALLEGANY$275,665$352,950$426,625$530,150
   CUMBERLAND, MD-WV
ANNE ARUNDEL$517,500$662,500$800,800$995,200
   BALTIMORE-COLUMBIA-TOWSON, MD
BALTIMORE$517,500$662,500$800,800$995,200
   BALTIMORE-COLUMBIA-TOWSON, MD
BALTIMORE CITY$517,500$662,500$800,800$995,200
   BALTIMORE-COLUMBIA-TOWSON, MD
CALVERT$636,150$814,500$984,525$1,223,475
   WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-
CAROLINE$275,665$352,950$426,625$530,150
CARROLL$517,500$662,500$800,800$995,200
   BALTIMORE-COLUMBIA-TOWSON, MD
CECIL $379,500$485,800$587,250$729,800
   PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-D
CHARLES$636,150$814,500$984,525$1,223,475
   WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-
DORCHESTER$275,665$352,950$426,625$530,150
   CAMBRIDGE, MD
FREDERICK$636,150$814,500$984,525$1,223,475
   WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-
GARRETT$275,665$352,950$426,625$530,150
HARFORD$517,500$662,500$800,800$995,200
   BALTIMORE-COLUMBIA-TOWSON, MD
HOWARD$517,500 $662,500$800,800$995,200
   BALTIMORE-COLUMBIA-TOWSON, MD
KENT$290,950$372,450$450,200$559,500
MONTGOMERY$636,150$814,500$984,525$1,223,475
   WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-
PRINCE GEORGE'S$636,150$814,500$984,525$1,223,475
   WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-
QUEEN ANNE'S$517,500$662,500$800,800$995,200
   BALTIMORE-COLUMBIA-TOWSON, MD
SOMERSET$316,250$404,850$489,350$608,150
   SALISBURY, MD-DE
ST. MARY'S$347,300$444,600$537,400$667,900
   CALIFORNIA-LEXINGTON PARK, MD
TALBOT$382,950 $490,250$592,600$736,450
   EASTON, MD
WASHINGTON $275,665$352,950$426,625$530,150
   HAGERSTOWN-MARTINSBURG, MD-WV
WICOMICO$316,250$404,850$489,350$608,150
   SALISBURY, MD-DE
WORCESTER$316,250$404,850$489,350$608,150
   SALISBURY, MD-DE