Conventional loans are a great option for financing a new home purchase in Maryland. Conventional loans extend up to 97% financing opportunities for home buyers in Maryland. However, with enrollment in one of the down payment assistance programs available it could cover much of the necessary down payment. For home buyers with a credit score of 700+ you can now get approved for a Conventional Loan with as little as a 1% down payment. This program starts 9/5/16. Conventional 1st time home buyer loans approval guidelines are a little more restrictive than other loan programs. With conventional loans, there are no upfront funding fees like USDA Loans, VA Loans, FHA Loans. With Conventional loans, the monthly mortgage premium can be avoided with a 20% down payment on a home.
Some of the reasons why a Conventional loan in Maryland is a great choice, includes;
Conventional loans are great 1st time home buyer loans. With a down payment assistance program, which we can help you apply for, and seller closing cost contribution, we can often help get you in your dream home with little to 0 down. We can get you pre-approved for a Conventional new home purchase loan in Maryland. We can also have you set you up with a daily email of homes for sale in the area you want to buy in. View these homes until you find the homes you want to go see. We can then set you up with a realtor to take you out to see them. To request a Free Consultation simply fill in the form below. Or Call 443-943-6486 Or Apply for a Conventional Loan
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Buy a New Home in Maryland
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