FHA Loan Maryland | Extreme Loans

Looking for an FHA loan in Maryland? Whether you’re buying your first home in Baltimore, refinancing in Annapolis, or putting down roots in Frederick, Rockville, or Gaithersburg, Extreme Loans makes FHA financing straightforward and fast. We’re a licensed Maryland FHA lender (NMLS #2025962) with in-house underwriting so we control your timeline from application to closing.

What Is an FHA Loan?

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration. It’s designed to help buyers with moderate credit or limited savings qualify for a home loan. FHA loans are one of the most popular mortgage options in Maryland — and for good reason.

• Down payment as low as 3.5% with a 580+ credit score
• Down payment of 10% with a credit score as low as 500
• Competitive interest rates even with past credit challenges
• Seller contributions allowed up to 6% of the purchase price
• Can be used for purchases and rate/term refinances

Who Qualifies for an FHA Loan in Maryland?

FHA loans are designed to be accessible. You may qualify if you:

• Have a credit score of 500 or higher
• Have a debt-to-income ratio under 57% (in most cases)
• Plan to use the home as your primary residence
• Have verifiable income and employment history (typically 2 years)
• Are a first-time or repeat homebuyer

FHA Loan Requirements

• Minimum credit score: 500 (3.5% down requires 580+)
• Down payment: 3.5% – 10% depending on credit score
• Mortgage insurance: Upfront MIP (1.75%) + annual MIP
• Loan limits (2026 Maryland): Up to $1,149,825 in high-cost counties (e.g., Montgomery, Prince George’s)
• Property standard: Must meet HUD minimum property requirements
• Occupancy: Primary residence only

Maryland-Specific FHA Details

Maryland is one of the more active FHA markets in the Mid-Atlantic region. Key things to know if you’re buying or refinancing in the state:

• High-cost areas: Montgomery, Prince George’s, and Howard counties carry higher FHA loan limits due to elevated home prices near Washington, D.C.
• Maryland Mortgage Program (MMP): State-backed down payment assistance can be layered with an FHA loan for qualified buyers
• Baltimore market: FHA loans are widely used in Baltimore City and Baltimore County for first-time buyers
• Annapolis & Chesapeake area: Competitive market — fast closing times matter; our 14-day average closing keeps you competitive
• Frederick & Western Maryland: Growing suburban markets where FHA’s low down payment makes entry accessible

Why Choose Extreme Loans for Your Maryland FHA Loan?

• In-house underwriting: We control approvals — no delays waiting on a third party
• 14-day average closing: Fast enough to win in competitive Maryland markets
• Licensed in Maryland (NMLS #2025962): We know local requirements
• 1,600+ Google reviews: Real borrowers, real results
• Honest, Fast, Easy: No surprises — just a clear path to your closing

Compare us to our Michigan FHA page to see how we serve buyers across multiple states with the same standard of care.

FHA Streamline Refinance in Maryland

Already have an FHA loan in Maryland? An FHA Streamline Refinance lets you lower your rate with minimal paperwork — no appraisal required in most cases, no income verification, and no asset documentation.

• Must have made at least 6 on-time mortgage payments
• Net tangible benefit required (lower rate, lower payment, or switching from ARM)
• Available for owner-occupied and certain investment properties
• Faster, cheaper, and easier than a full refinance

FHA Loan Maryland FAQ

Can I use an FHA loan to buy a home in Baltimore?

Yes. FHA loans work throughout Maryland, including Baltimore City and Baltimore County. Loan limits in Baltimore are set at standard Maryland levels — confirm your county’s limit with us when you apply.

What is the FHA loan limit in Maryland for 2026?

Limits vary by county. Standard counties start around $524,225, while high-cost counties like Montgomery, Prince George’s, and Howard can go up to $1,149,825. Contact Extreme Loans for your specific county limit.

Do I need to be a first-time homebuyer for an FHA loan in Maryland?

No. FHA loans are available to first-time and repeat buyers alike. The only requirement is that the property will be your primary residence.

Can I combine the Maryland Mortgage Program with an FHA loan?

In many cases, yes. The MMP offers down payment and closing cost assistance that can be paired with FHA financing for eligible borrowers. Ask your Extreme Mortgage Banker about your options.

How fast can Extreme Loans close my FHA loan in Maryland?

Our average is 14 days from application to closing. In competitive markets like Annapolis and suburban D.C., speed is a real advantage — and we’re built for it.

Extreme Loans | NMLS #2025962 | 29444 Northwestern Hwy. Ste. 100, Southfield, MI 48034 | Equal Housing Lender