What is the Most Common Loan for First-Time Home Buyers?
Maryland’s top loan types explained for 2025 buyers.
✅ FHA loans are the most common first-time buyer loans.
✅ VA loans serve Maryland’s military buyers with zero down.
✅ USDA loans are available in rural Maryland counties.
FHA Loans
FHA remains the go-to for first-time buyers.
- 3.5% down
- Flexible credit
- Widely accepted
VA Loans
Popular for veterans and active-duty military.
- Zero down
- No PMI
- Competitive rates
USDA Loans
Serve buyers in rural areas.
- Zero down
- Location eligibility
- Income limits
Conventional Loans
A good fit for stronger-credit buyers.
- 3% down options
- No upfront MIP
- Wider property eligibility
FAQ
What’s the most common first-time buyer loan in Maryland?
FHA loans are the most widely used for their low down payment and flexible credit requirements.
Are VA loans available to all Maryland buyers?
No, VA loans are exclusive to veterans, active duty, and qualifying spouses.
Where do USDA loans apply in Maryland?
They cover rural counties and outer suburbs; check USDA’s eligibility map.
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