Silver Spring, Maryland
Mortgage Lender in Silver Spring, MD
- FHA from 3.5% down
- Hablamos español
- Reverse mortgages at 62+
Silver Spring is home to large Latino and Ethiopian communities, the FDA campus at White Oak and many owners who bought decades ago. SAI Mortgage is a Maryland-licensed mortgage lender in Silver Spring MD that helps first-time buyers get in and long-time owners use their equity.
Office
8000 Towers Crescent Dr, Suite 210
Vienna, VA 22182
Phone
(703) 752-1805- HoursMon to Fri, 9 AM to 6 PM
- WeekendsClosed
- Languages8, including Spanish
- NMLS179997
Where we lend
Silver Spring, from Downtown and Woodside to Four Corners, White Oak, Wheaton and Colesville, ZIP codes 20901 to 20910
Open in Google Maps- $557KTypical Silver Spring home
- 12 daysTypical time to pending
- $527KMedian sale price
- $1,249,1252026 loan limit
Zillow Home Value Index and market data through 30 June 2026. FHFA and HUD 2026 one-unit limit.
Loan programs
Loans that fit how Silver Spring buys
First-time buyers and long-time owners each need something different. A mortgage lender in Silver Spring MD should line up both, in your language.
FHA loans
An FHA loan Silver Spring buyers use starts at 3.5 percent down, with flexible credit.
About FHA loansFirst-time buyer loans
We check the Maryland Mortgage Program and the Montgomery Homeownership Program before you set a budget.
About first-time buyer loansITIN loans
No Social Security number yet? You can still buy with an ITIN. We explain every step in Spanish.
About ITIN mortgagesReverse mortgages
A reverse mortgage Maryland owners use turns equity into income or a credit line, with no monthly mortgage payment.
About reverse mortgagesCondo mortgages
Downtown condos near the Metro need a building check. We run it before you offer.
About condo mortgagesSelf-employed loans
Restaurant owners, cleaners and contractors can qualify on bank deposits.
About bank statement loansWhy us
First homes and long-time owners, both covered
A bank has one rulebook. As an independent mortgage lender in Silver Spring MD, we send your file to many lenders and bring every offer back in writing, including Maryland program lenders.
Spanish from first call to closing
The loan officer who speaks with you in Spanish stays on your file the whole way.
Maryland help, checked first
State and county programs can stack on a low down payment loan. We check before you shop.
Reverse or refinance, compared
For owners 62 and older, we put both side by side, with what each leaves your heirs.
No credit check to start
We ask how you earn first. We pull credit only when you choose to move forward.
The Silver Spring market
Close to the Metro, far below the limit
Zillow placed the typical Silver Spring home near $556,503 in June 2026, down 1.1 percent in a year, with homes going pending in about 12 days and a $526,498 median sale price.
Neighborhoods range from White Oak near $490,974 to Indian Spring Village near $753,184. A mortgage lender in Silver Spring MD should show first-time buyers the programs and long-time owners their equity before anyone lists or offers.
Down payment on a $556,503 home
Program minimums before closing costs
- VA loan, full entitlement$0
- Conventional, first-time buyer, 3%$16,695
- FHA, 3.5%$19,478
- Conventional, 20%, no PMI$111,301
Who we help
Which one sounds like you?
Most calls about Silver Spring home loans start with one of these four.
"Rentamos en Long Branch y queremos comprar."
Compare your rent with 3.5 percent down. Call and ask for Spanish.
FHA loan requirements"We need help with the down payment."
The Maryland Mortgage Program and county help may apply. We check first.
Maryland Mortgage Program"We are 72 and our Woodmoor house is paid off."
A reverse mortgage can add income with no monthly payment. You keep the title.
Reverse mortgages"I work at the FDA and want a condo near the Metro."
We check the building and document your federal pay the way lenders want.
Condo mortgagesWhere we lend
Silver Spring neighborhoods we finance
Our Silver Spring files run from condos downtown to ramblers in Forest Knolls. Searching for a mortgage lender near me in Silver Spring or Wheaton? Our mortgage lender in Silver Spring MD team works by phone and secure upload.
- Downtown Silver Spring
- Woodside
- Long Branch
- Four Corners
- Woodmoor
- Indian Spring
- Forest Knolls
- White Oak
- Wheaton
- Kemp Mill
- Colesville
- Calverton
Looking up I-270? See our Rockville mortgage lender page.
Meeting in person
Silver Spring to our Vienna office
Most Maryland files close by phone and secure upload. If you want to sit down with a mortgage lender in Silver Spring MD, we are around the Beltway. Times below are estimates outside rush hour.
- From Downtown Silver SpringI-495 west across the Legion BridgeAbout 30 min
- From WheatonI-495 west to TysonsAbout 30 min
- From White OakUS-29 to I-495 westAbout 35 min
- From Four CornersI-495 west to TysonsAbout 30 min
Other locations
More of Montgomery County
The same team and lenders cover every town in the county. Start with our Montgomery County mortgage broker page for county-wide limits, tax rates and market data.
Before you apply
Worth a read first
What first-time buyers and long-time owners read before choosing a lender.
Find out what you qualify for
Your first home or your next chapter
Tell us whether you are buying or already own, and how you get paid. We will send your options, free and in writing. Llame y pida español.
Call (703) 752-1805 to reach a mortgage lender in Silver Spring MD directly, Monday to Friday, 9 AM to 6 PM. Already have paperwork? Upload your documents securely.
SAI Mortgage, Inc. NMLS 179997. Licensed in Virginia, Maryland and the District of Columbia. Equal Housing Opportunity. This is not a commitment to lend. All loans are subject to credit approval, property review and program guidelines. Loan limits, tax rates and market figures are for 2026 and may change.
FAQ
Silver Spring buyers ask us
Can I get down payment help in Silver Spring?
Often, yes. The Maryland Mortgage Program and the Montgomery Homeownership Program may help eligible buyers. A mortgage lender in Silver Spring MD like SAI checks your eligibility first.
Can I buy with an ITIN?
Yes. ITIN loans work without a Social Security number, usually with a larger down payment. We explain every step in Spanish or English.
How old do I have to be for a reverse mortgage?
At least 62, and the home must be your primary residence. The 2026 HECM maximum claim amount is $1,249,125.
What is the 2026 loan limit in Silver Spring?
The 2026 one-unit limit is $1,249,125 for conforming and FHA loans.
Do first-time buyers pay transfer tax in Maryland?
First-time Maryland buyers of an owner-occupied home pay no share of the state transfer tax. County transfer and recordation taxes still apply.
¿Hablan español?
Sí. Our team works in eight languages, including Spanish. The person who speaks with you handles your loan to closing.