Do you qualify for down payment assistance? If you're a Maryland resident looking to buy your first home, the My Home Mortgage Team can help! We offer several types of down payment assistance programs. Today, we are answering the question of if there is down payment assistance for FHA loans specifically. Continue reading to learn more! Ready to get started? Contact us today and we'll pre-qualify you to see which program is best for you!
What Is an FHA Loan?
An FHA loan is a government-backed home loan insured by the Federal Housing Administration. It offers low down payments, flexible credit guidelines, and lower interest rates than many other loans on the market. FHA loans are popular among first-time homebuyers because they offer more flexible qualifying requirements than other types of mortgages.
Getting Down Payment Assistance With an FHA Loan
If you're looking for down payment assistance, an FHA loan may be the right option for you. There are several types of down payment assistance available to Maryland residents, all of which can be used in conjunction with an FHA loan.
How Much Down Payment Assistance Can You Get?
There are several different types of assistance available to first-time buyers in Maryland — some require no down payment at all! The amount of assistance you qualify for will depend on a variety of factors, including your income and the purchase price of the home.
Why Work With the My Home Mortgage Team?
If you're looking for down payment assistance, we are here to help! The process is simple — contact us today and we'll pre-qualify you to see if FHA loans or other types of assistance programs may be a good fit. We take care of all the legwork so you can focus on finding your dream home.
Ready to take the first step? Contact us today! We look forward to hearing from you soon.
Testimonials
Patient & Helpful
Tammi was very patient and very helpful throughout the entire application process. Being a first-time home buyer I didn't know a lot of this which made me frustrated but I was able to get approved and now I am a homeowner thanks to Tammi!
— James C.
No Pressure or Stress!
Tammi Lewis made my home buying experience very easy. I felt no stress or pressure. Tammi was with me every step and made sure I understood everything with detailed talks. My credit score was low and Tammi advised me how to raise it. So that the Loan process would be approved with no problems. Any one know that wants to buy their first home I am recommending Tammi Lewis and First Home Mortgage.
— Charlie F.
Professional & Timely
Rob made sure my experience as a first time home buyer was smooth and painless. Very professional and got things done in a timely manner. Could not have asked for more!
— Samantha J.
Great Experience for a New Homeowner
Rob was at all times, willing to go over the numerous pages of information with me. I am a new homeowner and had many as this was my first time navigating the home-buying waters. He explained things to me in a way that I understood and got me all of my documents in a timely and efficient manner. I enjoyed working with him and would refer him to anyone who is looking.
— Erica F.