There's a real estate mortgage from a Maryland lender for you and we'll help you find the best one.

HOW MUCH CAN I QUALIFY TO BORROW?
It takes an experienced Maryland lender or knowledgeable Maryland real estate professional to compute the borrowing power of many home buyers. The calculation is a combination of your income with consideration given to your regularly occurring credit account payments. If you have a question about your borrowing power, contact us and we'll gladly run the calculation for you. 800-711-7988.

FHA - These loans are insured by the Federal Housing Administration and permit buyers to finance some of their closing costs, thereby reducing the amount of cash that you need to buy. This loan is very popular for first time home buyers. Anyone can use the FHA loans.

VA - These loans are guaranteed by the Department of Veterans Affairs. Only active duty and military veterans can use this loan. This loan requires no down payment and the seller can pay up to 100% of the buyer's closing costs. The VA mortgage loan is the best loan on the market but limited to eligible borrowers.

CONVENTIONAL CONFORMING - These loans conform to the Fannie Mae guidelines for eligibility, meaning that, on average, the buyers may devote up to 28% of their before tax income to housing. These loans require a down payment of at least 5%. You can also obtain 100% or 103% financing with conventional loans. In exchange for a slightly higher interest rate, the lender will lend you money with no down payment and will even pay your closing costs. The higher interest rates are deductible and are often a good buy for folks with good income, good credit and little cash.

JUMBO LOANS - We work with lenders who specialize in the Jumbo or Portfolio loans for special people like you who are in the luxury home market. You will not have to lift a finger. Our lenders will communicate and process your loan by electronic means or, if you are local, will meet with you at your convenience in your office or home. Loans up to over several million are available and special long lock loans, up to 9 months, are also available. This may be important if you decide to build and it appears that rates may be on the increase. We follow loan programs with long term locks, float-down features, short term locks, fixed, ARMs, no documentation or low documentation loans, or any type that is best for you. We have Jumbo Loan lenders with rates of up to 1/2 % lower than market. We can save you real money on your Jumbo loan and it is a local company.

If you need specific loan information, contact us and we'll put you in touch with trusted lenders who can answer your questions and get you pre-qualified.

CURIOUS ABOUT CREDIT SCORES?
This article provides timely information for home buyers who are concerned about their credit scores and how lenders use credit scores when making loan commitments.

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