Home Loans in Maryland
The Old Line State offers diverse opportunities near DC and Baltimore. NorthStar Funding serves MD buyers statewide. All credit scores welcome — even no score.
Maryland Housing Market
About the Maryland Real Estate Market
Maryland offers proximity to DC and Baltimore with diverse communities from urban to suburban. Montgomery and Howard counties command premium prices with excellent schools, while Baltimore offers more affordable options with revitalized neighborhoods and waterfront living.
Loan Programs Available in Maryland
We offer a variety of mortgage options to fit your unique situation. All programs welcome borrowers with less-than-perfect credit.
Maryland Mortgage Program
State program offering down payment assistance and competitive rates for qualified buyers.
FHA Loans
Government-backed loans popular in MD with flexible credit requirements.
VA Loans
Zero down payment for Maryland veterans. Strong military presence at multiple bases.
Non-QM / Bank Statement
Perfect for MD contractors, consultants, and federal employees with variable income.
Check Your Eligibility
See if you qualify for special loan programs with lower down payments and flexible income requirements.
Income Eligibility Checker
HomeReady® & Home Possible® - 3% Down Payment Programs
HomeReady®by Fannie MaeIncome must be ≤80% of Area Median Income (AMI). No geographic restrictions.
Home Possible®by Freddie MacIncome must be ≤80% AMI. Some census tracts have no income limit.
Quick Comparison:
| Feature | HomeReady® | Home Possible® |
|---|---|---|
| Min. Down Payment | 3% | 3% |
| Min. Credit Score | 620 | 620 |
| Income Limit | ≤80% AMI | ≤80% AMI* |
| Homebuyer Education | Required | Required |
*No income limit in designated underserved areas
Why Choose NorthStar Funding in Maryland?
What Maryland Homeowners Say
"NorthStar helped us buy in Bethesda with easy Metro access to DC. They understood the competitive Montgomery County market."
The Washington Family
"Found our dream home in Columbia with NorthStar. Great schools and community!"
Michael & Jennifer R.
"Maryland Mortgage Program made homeownership possible in Baltimore. NorthStar guided us through everything."
The Davis Family
Frequently Asked Questions
What credit score do I need to buy a home in Maryland?
NorthStar Funding welcomes all credit scores in Maryland, starting as low as 500 with FHA loans (10% down). For scores 580+, you may qualify for just 3.5% down. Manual underwriting is also available.
What are the best mortgage programs available in Maryland?
In Maryland, we offer FHA loans, VA loans, USDA loans for eligible rural areas, conventional loans, jumbo loans for high-cost areas, and bank statement loans. MMP (Maryland Mortgage Program) provides down payment assistance.
How much is the average home price in Maryland?
The median home price in Maryland is approximately $400K. Montgomery County and the D.C. suburbs are higher, while Baltimore City and Western Maryland offer more affordable options.
Are there first-time homebuyer programs in Maryland?
Yes! The Maryland Mortgage Program (MMP) offers below-market interest rates and down payment assistance up to $5,000. The SmartBuy program helps buyers with student loan debt.
What are property taxes like in Maryland?
Maryland property taxes average approximately 1.1% of assessed value. The Homestead Tax Credit limits annual assessment increases to 10% for owner-occupied properties.
Can I get a mortgage in Maryland with no down payment?
Yes! VA loans offer 0% down for veterans — very popular in Maryland given the proximity to military installations and the Pentagon. USDA loans offer 0% down in eligible rural areas.
How long does it take to close on a home in Maryland?
The typical closing timeline in Maryland is 30-45 days. The D.C. suburb market can be very competitive, so pre-qualification is essential.
Does NorthStar Funding offer manual underwriting in Maryland?
Yes! We specialize in manual underwriting for Maryland borrowers. This is helpful for government contractors, consultants, and federal employees with complex income situations.
What documents do I need to apply for a mortgage in Maryland?
Typical documents include 2 years of tax returns, recent pay stubs, bank statements, W-2s or 1099s, and ID. Government employees may also provide SF-50 forms.
Can self-employed borrowers get a mortgage in Maryland?
Absolutely! Our bank statement programs are popular with Maryland consultants, government contractors, and entrepreneurs in the D.C. metro area.
NorthStar Funding Licensing Information
NMLS #: 123456
Licensed in: Multi-State
Years in Business: 15+
Total Loans Originated: $2B+
Ready to Get Started?
See your options in minutes with no impact to your credit score. Our team is ready to help you find the right loan for your Maryland home.