FHA LOANS Maryland  
 

 Maryland FHA LOANS

As with all home loans FHA Loans are still calculated using the current interest rates.

Maryland home mortgage rates continue to climb as first time home buyers are rushing to get locked into low interest mortgage loans including fha mortgage loans.

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FHA Home Loans Maryland

Dept of Hud
City Crescent Building
10 S. Howard Street,
Fifth Floor
Baltimore, MD 21201-2505
Phone Number:(410) 962-2520

 The FHA loan program is run by HUD  (the Housing and Urban Development).

The current (2008) basic standard mortgage limits for FHA insured loans in Maryland are dependent on the county in which you live. The rates are as follows *:

County/Counties One-family Two-family Three-family Four-family
Calvert, Charles, Frederick, Montgomery, Prince George's $729,750.00 $934,200.00 $1,129,250.00 $1,403,400.00
St. Mary's $400,000.00 $512,050.00 $618,950.00 $769,250.00
Allegany, Caroline, Dorchester $271,050.00 $347,000.00 $419,400.00 $521,250.00
Garrett, Worcester $437,500.00 $560,050.00 $677,000.00 $841,350.00
Anne Arundel, Baltimore, Baltimore City, Carroll, Harford, Howard, Queen Anne's $560,000.00 $716,900.00 $866,550.00 $1,076,950.00
Somerset, Wicomico $328,750.00 $420,850.00 $508,700.00 $632,200.00
Washington $377,500.00 $483,250.00 $584,150.00 $725,950.00
Cecil $420,000.00 $537,650.00 $649,900.00 $807,700.00
Kent $343,750.00 $440,050.00 $531,900.00 $661,050.00
Talbot $443,750.00 $568,050.00 $686,650.00 $853,350.00

Home prices can be expensive in Maryland and the HUD FHA LOAN Limits reflect this, in fact Maryland home prices have risen 25% in the past year alone!

That steep rise is expected to drive many more people to seek out mortgage loan alternatives like FHA LOANS.

 

Keep in mind the FHA does not actually make the home loans, the FHA insures FHA home loans. You must still apply for an FHA loan through regular lenders, your Bank, Credit Union etc.

 
      * Data source is hud.gov

         
   
 


 
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