1st Step Financial Services Inc
Mortgage Broker serving Ellicott City, MD
About 1st Step Financial Services Inc
1st Step Financial Services, Inc. has been a dedicated mortgage lender since 1997, primarily serving the Maryland, Washington D.C., and Virginia areas. The company prides itself on offering a diverse range of mortgage loan products designed to meet the unique financial needs of its clients, from first-time homebuyers to seasoned real estate investors.
They distinguish themselves by providing comprehensive resources and counseling to help clients make informed decisions about their real estate investments and personal finances. Their product line includes traditional offerings like FHA, VA, and Conventional loans, alongside specialized programs catering to borrowers with lower credit scores and alternative income documentation.
1st Step Financial Services operates with a commitment to making the mortgage process pleasant and manageable. With a focus on client satisfaction and a team of dedicated mortgage consultants, they aim to handle all aspects of the loan process once a borrower takes the initial "1st Step" towards homeownership or investment.
They distinguish themselves by providing comprehensive resources and counseling to help clients make informed decisions about their real estate investments and personal finances. Their product line includes traditional offerings like FHA, VA, and Conventional loans, alongside specialized programs catering to borrowers with lower credit scores and alternative income documentation.
1st Step Financial Services operates with a commitment to making the mortgage process pleasant and manageable. With a focus on client satisfaction and a team of dedicated mortgage consultants, they aim to handle all aspects of the loan process once a borrower takes the initial "1st Step" towards homeownership or investment.
Company Information
Founded: 1997
Lender Type: Direct Lender
Headquarters: Ellicott City, MD
Licensed In
MDDCVA
Certifications & Credentials
FHA ApprovedVA Approved
Digital Capabilities
Online Application
Rate Calculator
Real-Time Status Updates
Home Loan Products
FHA Loan Program
Loan Types:
FHA
Rate Types:
Fixed Rate
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Special Programs:
First-Time HomebuyerLow Down Payment Program
Credit Tiers:
Poor (580-619)Fair (620-679)Good (680-739)Excellent (740+)
580
Min Credit Score
FHA 203k Renovation Loan
Loan Types:
FHAConstruction
Rate Types:
Fixed Rate
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Special Programs:
FHA 203kRenovation Loan
Credit Tiers:
Fair (620-679)Good (680-739)Excellent (740+)
600
Min Credit Score
VA Loan Program
Loan Types:
VA
Rate Types:
Fixed Rate
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-EmployedRetired
Income Verification:
Full Documentation
Special Programs:
Veteran ProgramLow Down Payment Program
Credit Tiers:
Fair (620-679)Good (680-739)Excellent (740+)
0
100%
Max LTV
600
Min Credit Score
Conventional Loan Program
Loan Types:
Conventional
Rate Types:
Fixed Rate
Property Types:
Single-Family HomeCondoTownhouseMulti-Family (2-4 units)Investment PropertyVacation/Second Home
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Credit Tiers:
Fair (620-679)Good (680-739)Excellent (740+)
Low Credit Score Loan (500+)
Loan Types:
Non-QM
Rate Types:
Fixed Rate
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Credit Tiers:
Bad (<580)Poor (580-619)
30%
Min Down Payment
70%
Max LTV
500
Min Credit Score
Low Credit Score Loan (540+)
Loan Types:
Non-QM
Rate Types:
Fixed Rate
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Credit Tiers:
Bad (<580)Poor (580-619)
25%
Min Down Payment
75%
Max LTV
540
Min Credit Score
Low Credit Score Loan (580+)
Loan Types:
Non-QM
Rate Types:
Fixed Rate
Property Types:
Single-Family Home
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Income Verification:
Full Documentation
Special Programs:
Low Down Payment Program
Credit Tiers:
Poor (580-619)
3.5%
Min Down Payment
96.5%
Max LTV
580
Min Credit Score
Investor Fix & Flip Rehab Loan
Loan Types:
Hard MoneyConstruction
Property Types:
Investment Property
Occupancy Types:
Investment Property
Employment Types:
InvestorBusiness Owner
Special Programs:
Renovation Loan
Investor Stated Loan
Loan Types:
Non-QM
Property Types:
Investment Property
Occupancy Types:
Investment Property
Employment Types:
InvestorBusiness Owner
Income Verification:
Stated Income
Foreign National Loan
Loan Types:
Non-QMPortfolio
Property Types:
Single-Family HomeCondoInvestment Property
Occupancy Types:
Primary ResidenceSecond HomeInvestment Property
Employment Types:
InvestorBusiness Owner
Special Programs:
Foreign National ProgramNon-Resident Alien Program
Limited Documentation Loan
Loan Types:
Non-QM
Property Types:
Single-Family HomeCondoTownhouse
Occupancy Types:
Primary Residence
Employment Types:
W-2 EmployeeSelf-Employed
Contact Information
Fax: 240-681-2093
Professional Licenses
NMLS ID: 204295
5000 Ilchester Rd
Ellicott City, MD 20774
US
Mailing Address:
5000 Ilchester Rd, Ellicott City, MD 21043
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Business Information
Category: Mortgage Broker
Location: Ellicott City, MD
Status: Standard
Founded: 1997
Type: Direct Lender
NMLS ID: 204295
Profile Views: 0
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