Mortgage lender in Annapolis Maryland for VA, FHA, USDA, Jumbo and Conventional loans


Mortgage lender Annapolis

Annapolis MD mortgage lender with Ability Mortgage Group

Ability Mortgage Group has been labelled one of the best mortgage lenders in Annapolis Maryland because we strive to offer some of the lowest rate and fees available on the wholesale market. We have a multiple of loan options:

  • VA loans
  • FHA loans
  • Jumbo loans
  • USDA loans
  • Refinance mortgages.
  • Conventional loans

Passion about our job and doing it right is what Ability Mortgage Group is all about. It is about the customer and their expectation of us and their overall experience with us that makes us a leader. We appreciate your business and look forward to developing customers for life!

Annapolis Mortgage Broker

Transparency of operations is a very essential aspect of an excellent mortgage lender. Don’t choose a lending company who is not transparent enough and doesn’t keep you informed every step of the way. Low quality mortgage brokers are more likely to charge you higher interests just to achieve his monthly paycheck target. So full transparency is what Ability Mortgage Group is all about.

We Are Good Listeners: Last but not the least; we are mortgage providers that listens to you. We make sure to protect your interests. At Ability Mortgage Group, you are the top priority and therefore we make sure to cater to your budget and needs.

Ability Mortgage Group

Mortgage lenders in Annapolis MD

Replacing your current mortgage with a new on different terms is known as mortgage refinance. How does your lender know that you qualify? They do this by calculating your loan-to-value ratio by dividing the balance owing on your mortgage and any other debts secured by your property into the current value of your property. You are allowed to refinance if your loan-to-value ratio is less than 80%. Your monthly income and debt payments are also checked by the lender. Copies of documents you may be asked to provide include; your mortgage statement, notice of assessment or a recent pay stub, last year’s tax returns, recent asset statements for your investments and savings accounts; and a recent property tax bill.

VA loan in Annapolis Maryland

The purpose of a VA Loan is to provide long term financing to Veterans in all divisions of the military. National government-certified lenders are allowed to issue V.A loans, with the assurance of the U.S Veterans Administration. Keep in mind that VA Loans require no down payment and are quite easier to qualify for than conventional loans.

We will gladly help you determine whether you are eligible. Generally, a significant number of current and former servicemen qualify. This includes:

  • Reservists
  • National Guard members
  • Qualified surviving spouses
  • Active and retired military members
  • Veterans

FHA loan in Annapolis Maryland

An FHA insured loan is a US Federal Housing Administration mortgage insurance supported mortgage loan issued by an FHA-approved lender. They’re basically a type of federal assistance. Historically, these loans have enabled lower-income Americans to borrow money to buy a home that under normal circumstances would have been too expensive for them. FHA loans are designed for new home owners rather than real estate investors. This way, they differ from regular loans in that the home must be occupied by the owner for at least a year. Normally, loans with lower down-payments involve more risk to the lender. For this reason, the house buyer must pay a two-part mortgage insurance; a one-time bulk payment and a monthly instalment to mitigate the risk

USDA loan in Annapolis Maryland

Two type of USDA Loan programs exist: Guaranteed and Direct – each with different rules and conditions. The USDA Guaranteed Loan doesn’t have a limit. On the other hand, the USDA Direct Loan has a set limit.

Essentially, the USDA Guaranteed Loan is a USDA-supported mortgage. This is where money is loaned by private lending organizations (approved by USDA) such as mortgage companies and banks. The USDA then insures the loan when it is closed.

The USDA Guaranteed Loan has the reputation of being the most common Rural Housing Loan. Moreover, it’s quite easy to qualify for. Our Rural Housing Loan piece looks at the advantages as well as what it takes to qualify.

Jumbo loan Annapolis Maryland

Jumbo loans provide loan amounts that are higher than the conforming loan limit set by Fannie Mae and Freddie Mac is $424,100 for single-family residences in most places.. This is applicable in most areas. However, regions considered as high-cost markets are an exception with a limit of $636,150. High-cost areas are typically large urban centres where the population is high and there is increased demand for housing.

The applicant can acquire Jumbo mortgages for primary residences, second or action homes, and investment properties. You can choose either adjustable rate loans or fixed-rate, among other attractive terms.
Compared to regular mortgages, Jumbo loan have more stringent underwriting rules, have higher interests, and require larger down payments.

 

Mortgage lender near Annapolis Maryland

Purchasing a house is one of the biggest investments and commitments you will make in your entire lifetime. It is important to find the best possible mortgage broker. The wrong one could cost you thousands of dollars. Contact our office and let one of our experienced team members help you thru the application process. Our goal is to get you approved quickly, stress free and get the best rate possible.

 

Annapolis, Maryland’s capital, also serves as the county seat of Anne Arundel County in the United States. Annapolis is part of the Baltimore–Washington metropolitan area, located on the Chesapeake Bay near the mouth of the Severn River, 25 miles (40 km) south of Baltimore and roughly 30 miles (50 km) east of Washington, D.C. The population was 38,394 according to the 2010 census.

In 1783–1784, this city was the interim national capital of the United States and the location of the Confederation Congress (formerly the Second Continental Congress). General George Washington resigned his position as leader of the Continental Army before the assembly assembled at the new Maryland State House at that time. The Treaty of Paris of 1783, which ended the American Revolutionary War and recognised the United States’ independence, was ratified by the Congress a month later. The 1786 Annapolis Convention, which issued an invitation to the states to send delegates to the Constitutional Convention to be held the following year in Philadelphia, was held in the city and state capitol. In 2007, the Annapolis Peace Conference took place almost 220 years later.

St. John’s College, founded in 1696, is located in Annapolis, while the United States Naval Academy, founded in 1845, is located just outside the city limits.Puritan exiles from the Province/Dominion of Virginia headed by third Proprietary Governor William Stone (1603–1660) created “Providence” in the Province of Maryland on the north shore of the Severn River on the middle Western Shore of the Chesapeake Bay in 1649. Later, the inhabitants relocated to a more secure harbour on the south shore. The town on the south side was first known as “Town at Proctor’s,” then “Town at the Severn,” and finally “Anne Arundel’s Towne” (named after Lady Ann Arundell (1616–1649), the wife of Cecilus Calvert, second Lord Baltimore, who died soon after).

Following the Third English Civil War, Parliamentary forces seized control of the Maryland colony in 1654, and Stone fled to Virginia across the Potomac River. Stone returned the following spring at the head of a Cavalier royalist force loyal to the King of England, as ordered by Charles Calvert, fifth Lord Baltimore. Stone was beaten, taken prisoner, and replaced as fifth Proprietary Governor by Lt. Gen. Josias Fendall (1628–1687) on March 25, 1655, in what is known as the Action of the Severn (first colonial naval battle in North America). During the later portion of the Commonwealth period in England, Fendall administered Maryland. After the restoration of Charles II (1630–1685) as King of England in 1660, he was replaced as fifth/sixth Governor of Maryland by Phillip Calvert (1626–1682).

Soon after the Catholic government of second Royal Governor Thomas Lawrence (1645–1714) was overthrown in 1694, third Royal Governor Francis Nicholson (1655-1727/28, served 1694–1698) relocated the capital of the royal colony, the Province of Maryland, to Anne Arundel’s Towne and renamed the town Annapolis after Princess Anne of Denmark and Norway, who would later become Queen Anne of Great Britain ( In 1708, Annapolis was constituted as a city. On March 16, 1709, Maryland Governor Colonel John Seymour wrote Queen Anne with criteria for municipal officers as well as provisions for fairs and market days for the town.

17th-century Annapolis began as little more than a town, but it evolved swiftly as a political and administrative capital, a port of entry, and a significant centre of the Atlantic slave traffic for most of the 18th century until the American Revolutionary War. Jonas Green launched the Maryland Gazette, which became a prominent weekly periodical, in 1745; in 1769, a theatre was built; and during this time, business was brisk, but it deteriorated swiftly after Baltimore, with its wider harbour, was designated as a port of entry in 1780. Oyster packing, boatbuilding, and sailmaking became the city’s most important industries. The city of Annapolis now has a huge number of recreational boats, which have virtually supplanted the city’s seafood business.
Annapolis is a historic city in Maryland.

The Maryland State House is the country’s oldest continuously used legislative building. The Maryland legislature first met there in 1779, after construction began in 1772. It is crowned by the country’s largest wooden dome constructed without nails. From November 26, 1783, to August 13, 1784, the Maryland State House held the workings of the United States government, and the Treaty of Paris was ratified there on January 14, 1784, making Annapolis the country’s first peacetime capital.

Geography Annapolis

Annapolis is the closest state capital to the national capital, located 25 miles (40 kilometres) south of Baltimore and 30 miles (48 kilometres) east of Washington, D.C. Climate The city is located on the Atlantic Coastal Plain and is rather flat, rising barely 50 feet (15 metres) above sea level at its highest point.
The city has a total area of 8.10 square miles (20.98 km2), of which 7.18 square miles (18.60 km2) is land and 0.92 square miles (2.38 km2) is water, according to the United States Census Bureau.The humid subtropical climatic zone (Köppen Cfa) encompasses Annapolis, with hot, humid summers, cold winters, and abundant precipitation all year. Because of its low height and closeness to the Chesapeake Bay, the area experiences milder spring and summer temperatures and milder winter lows than areas further inland, such as Washington, D.C.

Neighborhoods In Annapolis MD

 

Admiral Heights

Arnold

Arundel on the Bay

Cape St. Claire

Church Circle and St. Anne’s Church

Crofton

Crownsville

Eastport

Edgewater

Highland Beach

Gambrills

Hillsmere Shores

Londontowne

Main Street, City Dock and City Markethouse on waterfront

Millersville

Naval Academy

Odenton

Parole

Riva

St. Margaret’s

State Circle and Maryland Avenue

West Annapolis

West Street / Arts District

Source Wikipedia: Annapolis

Contact

 

Ability Mortgage Group

Annapolis Maryland

Call: (410) 705-2447

 

Ability Mortgage Group

Mortgage lender near Annapolis, MD