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Home Loan Options for Southern Maryland Buyers

We are here to help your mortgage process as smooth as possible - here is a break down of a little of what to expect from the loan process.

Jumbo Loans Click to open answer

These loans have higher loan limits that help you purchase high-value property. Low down payments are possible. Apply Now

Reverse Mortgages Click to open answer

If you are a homeowner aged 62 or above, a reverse mortgage lets you access the equity you’ve worked so hard to build in your home. Take your payout in a lump sum, monthly payments, or as needed. You retain ownership and occupancy of your home and gain peace of mind for your financial future.*

*This ad is not from HUD or FHA and was not approved by HUD or any government agency.

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Refinance Loans Click to open answer

Our wide variety of refinance loans can help you achieve your goals of lowering your monthly payment, getting rid of private mortgage insurance (PMI) or getting you a lower interest rate. Whatever your goals are, let PRMI guide you through the process of refinancing your current property in southern Maryland.*

*When it comes to refinancing your home loan, you can generally reduce your monthly payment amount; however, total finance charges may be higher over the life of your mortgage loan.

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Low Credit Home Loans Click to open answer

If you have put off buying a house because you’re afraid your low credit score won’t qualify for a home loan, call us today. We have low-credit mortgages that give weight to other factors, potentially getting you an approval even if you didn’t think it was possible. Contact us today and let one of our experienced loan officers find the right Maryland low-credit mortgage program for you.

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Down Payment Assistance Click to open answer

PRMI has a variety of down payment assistance programs that can help you get into your house with little or no money out-of-pocket. Some of our programs are designed to make home ownership more accessible and affordable for first time buyers in southern Maryland. Other programs are available to any borrowers who meet the qualification guidelines. Contact us now for more information.

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Construction Loans Click to open answer

When you are ready to build your own new home in southern Maryland, we have the construction loan programs to make your dream a reality. Our construction-to-permanent loan options facilitate the process with a one-time close and affordable terms. We also have home remodeling and renovation loans, if you are looking to upgrade your current home.

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Manufactured Housing Loans Click to open answer

Trust PRMI for modular and manufactured housing loans in southern Maryland. Depending on your circumstances, we have FHA- and VA-backed loans programs that may be able to meet your needs and goals. Contact one of our mortgage specialists today to learn more.

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2/1 Buydown Loans Click to open answer

To help make it easier for borrowers to get an affordable home loan while achieving their property purchase goals, we offer 2/1 buydown loans. These programs allow you or your homebuilder to buy down the interest rate by two points for the first year of the loan and one point for the second year. The permanent interest rate doesn’t take effect until year three of the mortgage term. Payments on this type of non-traditional mortgage product can increase significantly when the terms change in a 2/1 buydown, in the three year period. All borrowers will need to qualify for the repayment capacity, and ability to repay with the adjusting terms. Qualifying would include income verification and underwriting approval, with the increased future payment obligations in consideration.

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Mortgage Prequalification Click to open answer

When you contact PRMI to obtain a home loan prequalification, you get a head start on the full approval process. With your prequal in hand, you will know how much you have to spend on your purchase. Sellers will know you’re a ready, willing and able buyer with the financial capacity to purchase. It only takes a few minutes when you trust us to be your southern Maryland mortgage lender.

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VA Loans Click to open answer

VA loans help make homeownership more attainable for veterans and military service members. These loans are federally insured and available with no down payment.* Plus, they don’t require private mortgage insurance.

*Closing costs and fees may still apply.

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FHA Loans Click to open answer

FHA loans come with low down payment options and lenient credit requirements. These federally insured loans are designed to help more people achieve their homeownership goals. Apply Now

USDA Loans Click to open answer

USDA loans are government-insured loans that help people purchase homes in rural areas. These loans are often available with low or no down payment.*

*Closing costs and fees may still apply.

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Conventional Loans Click to open answer

Conventional loans offer affordable rates and flexible down payment options. 

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