FHA 203k first time home buyer programs can be a great option for financing a new home purchase in Maryland. With a FHA 203k loan home buyers can apply for up to an additional $30,000 or so to make upgrade and improvements to the home they want to buy. This can be helpful when the housing market of move in ready homes in the area you are looking to buy in is low. The qualifying guidelines are similar to traditional FHA Loans. However, a middle credit score of 640 is required for approval. FHA 203K Loans extend 96.5% financing opportunities for home buyers in Maryland. However, with enrollment in one of the down payment assistance programs available it can cover much of the necessary down payment.
Some of the reasons why an FHA 203k loan in Maryland is a great choice, includes;
FHA 203k 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 an FHA 203k 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 an FHA 203k Loan
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