Maryland Mortgage Lender — Trusted Home Loans & Refinance

Yes — absolutely. At Aspen Home Mortgage Group, we believe your credit score doesn't define your ability to own a home. Shawn Spurry works with all credit situations and has helped hundreds of Maryland families with challenged credit achieve homeownership.

We have flexible programs for:

• Low credit scores — We work with scores across the full spectrum
• Previous bankruptcy — FHA and other programs available after waiting periods
• Foreclosure or short sale history — Options exist depending on timeline
• Limited credit history — Alternative credit data accepted (rent, utilities, insurance)
• No traditional credit score — Manual underwriting and non-traditional credit programs

Rather than turning you away, Shawn will review your complete financial picture and connect you with the right loan program and lender for your situation. He also provides guidance on quick credit improvements that could unlock better rates. Don't let past credit challenges stop you — call (301) 370-4789 for a confidential, no-judgment consultation.

Your down payment depends on the loan program you choose in Maryland:

• Conventional loans: As low as 3% for first-time buyers; 5% for repeat buyers
• FHA loans: 3.5% minimum down payment — flexible credit welcome
• VA loans: 0% down for eligible veterans and active military
• USDA loans: 0% down for eligible rural Maryland properties
• 20% down: Eliminates private mortgage insurance (PMI)

Maryland also offers down payment assistance programs through the Maryland Mortgage Program (MMP), which can provide up to $5,000 in assistance for qualifying buyers. Bad credit? Low down payment? Shawn works with programs designed for challenged credit and minimal savings. Call (301) 370-4789 to explore your options.

Refinancing makes sense when you can lower your interest rate by at least 0.5-1%, reduce your loan term, or tap into home equity. Consider refinancing your Maryland mortgage if:

• Current rates are lower than your existing rate
• You want to switch from FHA to conventional (remove PMI)
• You need cash for home improvements, debt consolidation, or major expenses
• You want to shorten your term (e.g., 30-year to 15-year)
• Your credit score has improved significantly since purchase

Shawn Spurry offers free refinance analyses for Maryland homeowners. He'll calculate your break-even point, compare loan options, and show you exactly how much you could save. Contact Shawn at (301) 370-4789 for a personalized refinance quote with no obligation.

Pre-qualification is an informal estimate based on self-reported financial information. It tells you roughly how much you might be able to borrow but carries little weight with Maryland sellers.

Pre-approval is a formal commitment where Shawn verifies your income, credit, and assets. You'll receive a pre-approval letter stating exactly how much you can borrow, making your offer as strong as a cash buyer's.

In Maryland's competitive housing markets like Montgomery County and Howard County, pre-approval is essential. Sellers won't seriously consider offers without one. Shawn provides 24-hour pre-approvals with competitive rates locked for up to 60 days. Start your pre-approval online or call (301) 370-4789.

Mortgage rates change daily based on the bond market, Federal Reserve policy, and economic conditions. As a broker with access to multiple lenders, Shawn Spurry shops competitive rates across wholesale channels to find the best deal for your Maryland home loan.

Your personalized rate depends on:

• Credit score and credit history
• Loan amount and down payment percentage
• Loan type (conventional, FHA, VA, USDA)
• Loan term (15-year vs. 30-year)
• Property type and location in Maryland
• Whether you pay discount points

For today's most competitive Maryland mortgage rates, contact Shawn directly. He provides rate quotes with full transparency — no hidden fees or surprises. Use our mortgage calculator to estimate payments at different rate scenarios.

The typical timeline to close on a Maryland home is 30-45 days from accepted offer, though it can vary:

• Cash buyers: 14-21 days
• Conventional loans: 30-35 days
• FHA/VA loans: 35-45 days (slightly longer for appraisal/appraisal review)
• Refinances: 30-45 days

Shawn Spurry's streamlined process and relationships with Maryland title companies and appraisers help keep your closing on track. He provides weekly updates and proactively addresses issues before they cause delays. For time-sensitive contracts, ask Shawn about priority processing to meet your settlement date.

Maryland offers excellent programs for first-time buyers. Shawn Spurry specializes in helping first-time buyers navigate these options:

• Maryland Mortgage Program (MMP): Down payment assistance up to $5,000, competitive rates, and 30-year fixed options
• Maryland HomeCredit: Federal tax credit worth up to $2,000/year for qualified buyers
• 1st Time Advantage: Special rates and assistance for first-time buyers in targeted areas
• FHA loans: 3.5% down, flexible credit requirements
• VA loans: 0% down for veterans and active military stationed in Maryland

Many Maryland counties and cities also offer local assistance programs, especially in Prince George's County, Baltimore City, and Montgomery County. Shawn stays current on all available programs and will match you with every option you qualify for. Call (301) 370-4789 to discuss first-time buyer programs.

Maryland closing costs typically range from 2% to 5% of the loan amount. For a $400,000 home, expect $8,000-$20,000 in closing costs. These include:

• Lender fees: Origination, underwriting, credit check, appraisal ($300-$500)
• Title fees: Title search, title insurance, settlement/closing fee ($1,000-$2,500)
• Government fees: Recording fees, transfer taxes (vary by Maryland county)
• Prepaid items: First year's homeowners insurance, property tax escrows, prepaid interest

Good news: Many of these costs are negotiable, and sellers in Maryland often agree to pay a portion of buyer closing costs. Shawn provides a detailed Loan Estimate within 3 days of application so you know exactly what to expect. He also helps structure your offer to minimize out-of-pocket expenses.

Absolutely. Shawn Spurry regularly helps Maryland's self-employed professionals, business owners, 1099 contractors, and gig workers get approved — even when banks have said no.

Self-employed borrowers typically need:

• 2 years of personal and business tax returns
• Year-to-date profit and loss statement
• 2-3 months business bank statements
• 1099s if applicable

Shawn also has access to bank statement loan programs that use 12-24 months of bank deposits rather than tax returns to qualify income — ideal for self-employed Marylanders with significant business deductions. No tax returns needed. If you're self-employed and ready to buy or refinance, call (301) 370-4789 to discuss your options.

Working with a Maryland mortgage broker like Shawn Spurry offers significant advantages over going directly to a single bank:

• More loan options: Access to 20+ wholesale lenders vs. one bank's products
• Better rates: Wholesale rates are typically lower than retail bank rates
• Flexible qualifying: If one lender declines, another may approve — without multiple credit pulls
• Personalized service: Shawn answers his cell phone, even on evenings and weekends
• Faster closings: Relationships with multiple underwriters mean fewer delays
• No cost to you: Broker compensation comes from the lender, not your pocket

With 22+ years of Maryland mortgage experience, Shawn knows which lenders are best for different situations — self-employed borrowers, first-time buyers, VA loans, jumbo loans, and more. He does the shopping so you don't have to. Call (301) 370-4789 and experience the broker difference.