Question 1

What credit score do I need for a mortgage in Maryland?

Accepted Answer

FHA loans can be available with scores in the 580 range, and some programs go lower with compensating factors. Conventional loans generally start around 620. Because we work with multiple lenders, we can match your profile to the program with the most workable guidelines.

Question 2

How much is a down payment on a Maryland home?

Accepted Answer

VA and USDA loans can require zero down for eligible borrowers. FHA starts at 3.5 percent and conventional programs start as low as 3 percent for qualified first-time buyers. Maryland also offers down payment assistance programs we can help you evaluate.

Question 3

Are there first-time home buyer programs in Maryland?

Accepted Answer

Yes. Maryland offers state and county-level assistance for down payment and closing costs, and several are stackable with FHA or conventional financing. Eligibility depends on income, purchase price, and location, so it is worth reviewing before you shop.

Question 4

Do you finance investment properties in Maryland?

Accepted Answer

Yes. We offer DSCR loans that qualify on the property’s rental income rather than your personal income, along with bank statement loans, bridge financing, and fix-and-flip programs for Maryland investors.

Question 5

How long does it take to close a mortgage in Maryland?

Accepted Answer

Most purchase loans close in 21 to 30 days once you are under contract. Refinances typically run 30 to 45 days. Having income and asset documents ready up front is the single biggest factor in closing on time.

Maryland Mortgage Broker | FHA, VA & Jumbo Home Loans | CDF