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Annapolis, MD FHA Loans in Maryland

FHA loans differ from conventional loans in a number of ways. The down payment required for an FHA-insured loan is usually much lower than for conventional loans. FHA loans also have lower credit requirements than conventional loans, making them more available to a wider range of potential homebuyers.

 

FHA loans offer Annapolis, MD residents several other valuable benefits, not least of which is those aforementioned smaller down payments. Unlike a conventional loan, which ordinarily requires 10-20% down, FHA-insured loans only require down payments as low as 3-5%. The FHA is also more flexible in calculating factors to determine whether or not to approve the loan, factors such as household income and repayment ratios.

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Annapolis, Maryland News
$2.5B in state transportation funding endangered

Because of a major reduction in tax collections on car sales and gas purchases, Maryland might have to cut transportation projects by another $2.5 billion, legislative analysts said Tuesday.


Maritime museum ready for rebirth

TOP: Annapolis Maritime Museum Director Jeff Holland, left, and museum board Chairman Buck Buchanan talk about the renovated McNasby Oyster Co.


Annapolis gets its own prosecutor

Hoping to step up prosecution of criminals in Annapolis, the State's Attorney's Office has designated a community prosecutor who will specialize in city-related offenses.


Feds to issue $20M for pinched crabbers -

The federal government will issue up to $20 million to help watermen affected by stricter crabbing regulations in the Chesapeake Bay, officials announced Tuesday.


Mid with meningitis symptoms dies

The Naval Academy freshman who was hospitalized last week for possible bacterial meningitis has died.


Morning Brief: Broker Raffles His Annapolis House

It is Monday morning and time to take a look at the local business scene. Some people in the housing market are getting increasingly creative when it comes to selling.


Sailing trip from Md. ends in Bermuda rescue

Coast Guard rescuers pulled six people, including a 4-year-old girl, from a stricken sailboat Sunday as the vessel foundered in 30- to 50-knot winds and up to 30-foot seas off the coast of North Carolina near ...


Dobbs could get next Navy start

Head coach Ken Niumatalolo is leaning toward a quarterback change, but he does not feel that will solve all of the Navy football team's offensive struggles.


Recycling program expanded in county

The world of recyclables in Anne Arundel County just expanded to include almost all the plastics previously considered recycling no-no's. Plastic lawn chairs, buckets, toys, flower pots, storage containers and ...


2 killed, 2 injured in quadruple shooting

An Annapolis father of four and the uncle of his children were killed in a quadruple shooting behind an Odenton strip mall early yesterday morning.


City gets first 'Safe Streets' conviction

The Capital City Safe Streets Initiative is paying off, city, county and federal officials said.


A grand time for grocery shoppers

Filling the fridge and cupboard with food has never cost more. And with the dour economy, several grocery chains are pulling out all the stops to steer customers back into their stores and away from the ...


Council taking on controversial issues

As the County Council prepares to debate tomorrow whether to require more homeowners to have pollution-reducing septic systems, environment officials are encouraging people to install them voluntarily.


Annapolis trespassing arrests triple

The number of trespassing arrests made by Annapolis police officers has tripled in recent months, a strategy officials say is helping curb serious crime in the state capital.


Notre Dame holds on for 27-21 victory over Navy

A passing rain storm seemed to be the only thing putting a damper on Charlie Weis' day.


Oyster Restoration Idea Sparks Fear In Watermen

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Bay & Environment: DNR backs off new crab license fee?

DNR backs off new crab license fee? Within days of floating a plan to make all recreational crabbers buy licenses, the Department of Natural Resources is backpedaling on charging even a nominal fee for the ...


Irish eager to make amends

It's hard to imagine Notre Dame needing to gain revenge on Navy. It's equally difficult to comprehend the Fighting Irish as mere four-point favorites going into their annual meeting with the Midshipmen.


Chesapeake Bay research vessel to be dedicated today

The late Rachel Carson's name has been synonymous with the modern environmental movement, and beginning today it will also be a new presence along the centerpiece of Maryland's ecosystem.


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