Mortgage Loan Officer
Mark Maldonado
Licensed in MD, NC VA, DC, DE, PA & FL
NMLS# 184906
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I’m Here to Help!
As a Senior Loan Officer / Home Loan Consultant, Mark has been originating residential home loans for 20+ years. Five years were spent with Washington Mutual Home Loans in the Baltimore / Annapolis area.
In 2005 & 2006, he was ranked in the Washington Mutual “Top 10 Originators for the Mid-Atlantic Region”. In 2007, Mark joined PHH Home Loans (d.b.a. Coldwell Banker Home Loans). As the in-house lender to 4 real estate offices, he spent the next 5+ years helping realtors’ clients with their financing needs. 100% of Mark’s business is referral based.
How can we help?
Download My Mortgage eGuide Today!
Guide Topics:
✓ Learn more about how long the mortgage process takes
✓ The importance of understanding interest rates
✓ Things to look out for in the agreement
✓ Additional frequently asked questions
Loan Programs
Conventional Loans
A conventional loan is a type of mortgage loan that is not insured or guaranteed by a government entity. In the United States, conventional loans are typically offered and serviced by private lenders such as banks, credit unions, and mortgage companies.
VA Loans
A VA loan is a mortgage loan program specifically designed for veterans, active-duty service members, and eligible surviving spouses. It is backed by the U.S. Department of Veterans Affairs (VA) and aims to help veterans and their families achieve homeownership with favorable terms.
Refinancing
A “refinance” is a new loan obtained to replace an existing mortgage or loan on a property. The primary goal of refinancing is to secure better terms, such as a lower interest rate, which can result in reduced monthly payments or overall cost savings over the life of the loan.
USDA Loans
A USDA loan, officially known as the USDA Rural Development Guaranteed Housing Loan Program, is a loan program offered by the United States Department of Agriculture (USDA). This program is designed to assist individuals and families in rural and suburban areas in achieving homeownership by providing affordable financing options.
Reverse Mortgage
A reverse mortgage is a financial product designed for homeowners who are typically aged 62 or older. It allows them to convert a portion of their home equity into cash without having to sell the home or make monthly mortgage payments. Instead of making payments to the lender, the lender makes payments to the homeowner, hence the term “reverse” mortgage.
FHA Mortgage Loan
This is a mortgage loan insured by the Federal Housing Administration (FHA), which is a part of the U.S. Department of Housing and Urban Development (HUD). FHA loans are designed to make homeownership more accessible, especially for first-time homebuyers and individuals with lower credit scores or limited financial resources.
Jumbo Loans
A jumbo loan is a type of mortgage that exceeds the limits set by government-sponsored enterprises (GSEs) like Fannie Mae and Freddie Mac. These limits are designed to ensure that mortgages remain within a certain size range and are eligible for purchase or guarantee by these entities.
Renovation Loans
Renovation loans are a type of loan designed to finance both the purchase of a home and the cost of renovations or improvements to the property. These loans are particularly useful for individuals who want to buy a home that needs repairs or upgrades, as they provide a way to finance both the acquisition of the property and the funds needed for renovations.
Non-traditional Borrower
Non-QM (Non-Qualified Mortgage) loans are a category of mortgage loans that do not meet the criteria set by government agencies such as Fannie Mae and Freddie Mac for Qualified Mortgages (QM).
What Our Clients Say
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Phone
Address
479 Jumpers Hole Rd
Severna Park, MD 21146
MLO licensing information: VA MLO-21236VA; MD#184906; PA MLO# 77813; DC MLO184906; FL#184906; DE MLO-184906; NC I-215447. Main Street Home Loans is a Division of NFM, Inc. NMLS 2893. NFM, Inc. is licensed by: DC # MLB2893; FL # MLD174 and MLD795; MD # 5330; PA # 25770; Virginia Mortgage Lender and Broker, Licensed by the Virginia State Corporation Commission # MC-2357; DE # 3879; NC # L-135884. For NFM, Inc.’s full agency and state licensing information, please visit www.nfmlending.com/licensing. NFM, Inc.’s NMLS #2893 (www.nmlsconsumeraccess.org). NFM, Inc. is not affiliated with, or an agent or division of, a governmental agency or a depository institution. Copyright © 2024.