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 MARYLAND MORTGAGE INFORMATION KIT 2018

Md Homeownership 2018-2025 Form

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Instructions and help about homeownership packet

three and a half percent three percent three percent down to qualify for the conventional loan there's also no income limits there's no geographical limits it's another great loan available to everybody 580 620 those will qualify you for most loans I mean you do want to work on it get it up higher to get a better rate but sometimes we got to move quick and you can qualify 580 to 620. and right now in 2023 you are not going to get a rental at 580 or 620 credit score you might luck out and find one most of the rentals we work with they want a 650 they want a 700 a 750 for some not only that they want to see you making three times the income now you do need two months Reserve in the bank so you're getting a little money in the bank for this one what does reserve mean that just means they want to see that you have two months worth of your mortgage payment in your savings or in your checking account which I mean honestly that's a good idea for any loa

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