Heritage Financial
Richard Huge
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Richard Huge
NMLS: 1020473
(443) 864-0635 - Direct
Email Me


* Over 40 years in the financial services industry. 
* Over 16 years as a Million Dollar Realtor
* Residential Property Manager for Harford, Baltimore, Carroll Counties and Baltimore City for 7 years.
* Served as an adviser and answered general underwriting questions for loan processors and loan originators. 
* Process residential loan applications from initial application to closing. 
* Review borrowers' loan applications to insure completeness of data; verify information listed on applications and obtain additional documents required for sale of loans to secondary market. 
* Provid detailed updates to borrowers, attorneys, brokers and underwriters to ensure a smooth closing by scheduled closing date.

 Benefits to Borrowers – FREE Consultation

   First Time Home Buyers 

  1. Get pre-approved - Prior to looking at homes to purchase, it is important to know what price range you will qualify for based on your income and your current cumulative debt, and you also need to know the approximate costs of home owner’s insurance and property taxes as they affect your payment and overall loan approval.
  2. Credit - How to properly prepare your credit report to ensure you have the highest score possible prior to your loan request going to underwriting. This consultation includes the information you need to stop collection agencies from updating to your credit report, getting as much negative information as possible deleted and what steps you need to take to add as much positive information as possible.
  3. Income - Having an experienced loan officer review your income documents so that you are not surprised in underwriting with debt to income calculations that exceed the calculations you anticipated. This includes paystubs, w2’s, tax returns, benefit statements and income from assets.
  4. Assets – Review of your assets to provide consultation regarding large deposits, NSF’s, also what amount you need to show in your bank account to ensure approval in underwriting.
  5. Subject Property – Review of the property to determine what kind of financing is required for the property.  FHA / VA / Conventional Loans all have property specifications.

        Click here to apply for LOAN APPROVAL

        First Time Home Buyers - Click Here for FREE Home Buyers Guide

        Need a Property? - Click here to view available properties.

    Homeowners that need to Refinance

  1. Lower Payments - Take advantage of todays low rates. RATES ARE GOING UP!!!
  2. Reduce Debt
  3. Increase Monthly Cash Flow
  4. Increase Net Worth - by using the savings to payoff your mortgage faster

    Seniors – That need a REVERSE MORTGAGE

  1. Review of your financial situation to determine if a REVERSE MORTGAGE is suitable for you.
  2. This program is often used to save homes from foreclosure, eliminate mortgage payments, increase monthly cash flow so that available income can be used for medical expenses or other needs family members may have.
  3. Must be 62 years of age or older
  5. Eliminates Monthly Mortgage Payments
  6. Live in your home Mortgage Payment Free
  7. Reverse Mortgage is different because it PAYS YOU!!!
  8. Government Insured
  9. Retain the Title/Deed to your home
  11. Never owe more than your home's value
  12. Your heirs are NOT responsible for payment of the reverse mortgage
  13. Tax Free Cash from the equity in your home
  14. Provides - Peace of Mind

   Investors – Purchasing Properties

  1. Hard Money Available – to purchase properties rehab and resell.
  2. FHA Programs available for investors to sell properties to First Time Home buyers when the investor has owned the property for less than 90 days.
  3. Investor Loans available that allow investors to own 20 properties.
  4. Assistance with marketing properties for sale by putting signs in front of properties, making flyers and pre-approving prospects interested in purchasing the property.


Email me at: richard@heritagefinancial.com

    Benefits to Realtors

  1. Sell your property faster with additional marketing efforts (i.e. internet marketing, signs and flyers).
  2. Close in 30 to 45 days.
  3. Save time and frustration by having your prospects fully pre-approved prior to executing a sales contract.


Loan Program Highlights*
* Loan Program Guidelines Subject to Change

FHA Purchase Programs

  • 560 FICO – 90% LTV – 10% Down
  • 580 FICO – 96.5% LTV – 3.5% Down 

FHA Refinance Programs

  • 560 FICO – Rate & Term/Streamline/No Appraisal – 100% LTV
  • 600 FICO – Rate & Term/Streamline/ No Appraisal
  • REFI CASHOUT – 560 FICO/75% LTV – 600 FICO/80% LTV – 620 FICO/85% LTV 

VA Purchase Programs

  • 560 FICO – 100% LTV – 0% Down 

VA Refinance Programs

  • 560 FICO – 100% LTV – IRRL Streamline
  • 560 FICO –   90% LTV – REFI CASH OUT
  • 620 FICO – 100% LTV – REFI CASH OUT 

Conventional Purchase Programs

  • 620 FICO – 97% LTV – 3% Down
  • 620 FICO – 95% LTV – 5% Down 

Conventional Refinance Programs

  • 620 FICO – HARP – Fannie Mae – Unlimited LTV/CLTV – Rate & Term Refi
  • 620 FICO – HARP – Freddie Mac – Unlimited LTV/CLTV – Rate & Term Refi
  • 620 FICO – REFI CASH OUT – 85% LTV 

JUMBO Programs

  • 680 FICO – 80% LTV – Purchase – Max Loan $1,500,000
  • 700 FICO – 70% LTV – Purchase – 6 Months Reserves – Max Loan $2,000,000
  • Loans up to $3,000,000 available at lower LTV’s

Investor Programs

  • Loan programs available for investors that have up to 20 properties financed
  • HARD MONEY Programs available for FIX & FLIP Transactions 
  • 620 FICO - 80% LTV - Purchase

        Click here to apply for LOAN APPROVAL

        First Time Home Buyers - Click Here for FREE Home Buyers Guide

        Need a Property? - Click here to view available properties.

Contact Us
Toll Free (800) 351-5755
Office (410) 224-7250
Fax (410) 224-0880
Email Us
175 Admiral Cochrane Dr., Suite 111
Annapolis, MD 21401
Heritage Title
Receive a $300 Settlement Gift* when you settle with
Heritage Title!
Call (866) 913-4095
to find out how.
*This credit will be reflected on your HUD-1 settlement statement. This offer is subject to Lender approval. Redeemable ONLY by Purchaser/Borrower at time of settlement.
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NMLS ID 181623 (www.nmlsconsumeraccess.org)
Licensed by the Virginia State Corporation Commission MC-5475
DBA - Heritage Financial of Virginia, Inc. (Used in VA by: Heritage Financial, inc.)
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These materials are not from HUD or FHA and were not approved by HUD or a government agency.