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Gaithersburg Home Purchase Loans
Low FHA Rates for Maryland New Home Financing

Gaithersburg is a city in Montgomery County, Maryland. It is the fourth largest in the state behind Baltimore, Rockville, and Frederick. The National Institute of Standards and Technology (NIST) is headquartered in Gaithersburg. Other major employers in Gaithersburg include IBM, ACE*COMM, Lockheed Martin Information Systems and Global Services business area headquarters, MedImmune (recently purchased by AstraZeneca) and Sodexo. (Source: Wikipedia)


Home values are down and inventory is high in this buyer's market. Single-family homes in suburban Montgomery County have an overall median sales price of $337,000. And the average condominium price is about $210,000. FHA has temporarily raised its loan limit to $729,750, which is plenty for an average-priced home.

FHA is the best way to go if you have a FICO credit score of less than 700. Gaithersburg home purchase loans through FHA only require a 3% down payment. You get low, fixed interest rates with FHA. Plus you can do a FHA streamline refinance if the interest rates drop. Gaithersburg home financing with FHA is the only way you can get a home with 97 percent loan to value. It's not possible under conventional underwriting.

Gaithersburg Home Buying with FHA Loans

Like other parts of Maryland, itís a buyerís market in Gaithersburg. FHAís increased loan limits are expiring on December 31, 2008, and seller-funded down payment assistance programs are gone as of October 1, 2008. Now is the time to make your Maryland home purchase.

Maryland Homebuyer Incentives

Montgomery County offers homebuyer incentives including these:

Buying a Foreclosure Home in Gaithersburg

People can and are buying for as little as 36% on the dollar for foreclosed homes. When searching Maryland foreclosure listings, be sure not to skip HUD foreclosures. A HUD foreclosure is one where a buyer forecloses on a HUD or FHA loan. You need a HUD certified realtor to buy a HUD home.
Other Popular Maryland Cities for FHA Financing

Baltimore Home Purchase Loans
Towson Home Loan Rates
Bowie Home Financing Rates
Essex Home Purchase Loans
Hagerstown Home Loan Rates

Annapolis Home Financing
Columbia Home Purchase Loan
Frederick Home Loans
Gaithersburg Home Financing
Glen Burnie Home Purchase Loans
Reisterstown Home Financing Rates



15-Year FHA Rates | 30-Year FHA Rates | 5-Year ARM Rates
All FHA mortgage products are provided by FHA Home Loan Services, which may arrange loans with third party providers. FHA Home Loan Services is national mortgage lender. Not everyone will qualify for a government insured mortgage. FHA Home Loan Services cannot guarantee all loans will be made or whether all loan applications will be approved by the investing bank.
This is not a commitment for a FHA house loan or an advertisement for credit as defined by paragraph 226.24 of regulation Z.
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