The Home Loan Options for Residents in Maryland!
                     THE HOME LOAN 
OPTIONS FOR 
MARYLAND 
RESIDENTS!
www.themarylandmortgagebroker.com
The residents of Maryland can avail 
funds for housing in different ways. 
Home loan programs include FHA, 
conventional, VA, USDA, jumbo 
loans, 15 or 30-year fixed 
mortgages, reverse mortgages, 203k 
loans, and others. Some mortgage 
companies offer all kinds of home 
loans and refinancing options 
besides assisting in the process. 
The implications of each loan 
option are as follow,
FHA - The loan by the Federal Housing Administration is a 
home mortgage insured by the federal government and 
issued by FHA-approved lenders. It entails a 3.5% down 
payment, so it is a better option for borrowers struggling 
with scarce funds and lower credit scores and finding it 
difficult to obtain loans from private lenders. However, it 
implies higher interest rates and monthly payments.
Conventional Loans - They refer to mortgages not 
insured by the federal government. The lenders may or may 
not follow the guidelines of government-sponsored 
enterprises for a maximum cap on the mortgage amount 
and interest rate. Conventional loans carry higher rates of 
interest than FHA mortgages. 
VA Loans: VA stands for Veterans Affairs. The VA 
loans are available to past or present military 
veterans or their spouses for the long term with 
lower closing costs and often require no down 
payments.
USDA Loans - The residents in defined rural areas, 
meeting specific income criteria, get a home loan 
with zero or nominal down payment from the United 
States Department of Agriculture. USDA loans also 
entail flexible credit underwriting requirements. 
Contact Details
Phone:- (240) 308-5097
Email:[email protected]
Website:- www.themarylandmortgagebroker.com
Address:- 5001 Forbes Blvd suite H7, Lanham, MD 20706