FHA Mortgage Loans For Maryland First Time Home Buyers
Whether you live in Montgomery, Howard, Prince George's or Frederick county, there are many mortgage loan options available to you as a first time home buyer. One of the biggest barriers to first time home buyer ownership is the ability to save money for a downpayment. In counties such as Montgomery, where the average home price is $400, 000 plus, even a 5% or 10% downpayment amounts to a great deal of money. Consider a renter, who lives in a townhome for 5 years and is now paying over $2000 a month without the benefit of equity or tax savings. This person can readily purchase a nice townhouse, with little or no downpayment through a first time home buyer mortgage program. ...
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