The Best Mortgage Lenders in Dover, DE
Compare verified mortgage lenders serving Dover, Delaware. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dover
Featured Mortgage Lenders
WSFS Mortgage
WSFS Bank Mortgage Division
WSFS Bank has deep roots in Delaware dating back to 1832, with their mortgage division becoming a trusted local lender serving the entire state including Dover. They maintain exceptional 4.8-star ratings across multiple platforms for their personalized service, competitive rates, and extensive knowledge of Delaware's housing market. As a community-focused institution with multiple branches in Kent County, they offer the advantage of local decision-making combined with comprehensive mortgage products.
Loan Types:
Fulton Mortgage Company
Fulton Bank Mortgage
Fulton Bank maintains a strong physical presence in Dover with multiple branches and a dedicated mortgage team. They earn consistent 4.7-star ratings for their responsive service and local underwriting expertise. As a regional bank with deep Delaware roots, they understand the specific needs of Dover homebuyers and offer competitive construction loans and first-time homebuyer programs. Their local loan officers provide personalized guidance throughout the entire mortgage process.
Loan Types:
First Home Mortgage
First Home Mortgage Corporation
First Home Mortgage maintains exceptional 4.9-star ratings for their outstanding customer service and expertise in Delaware mortgages. While headquartered in Maryland, they have dedicated loan officers specifically serving the Dover market with extensive knowledge of Kent County properties. They're particularly praised for their smooth closing processes, competitive rates, and specialized first-time homebuyer programs. Their three decades of experience and local market knowledge make them a top choice for Dover area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Dover, DE
What first-time homebuyer programs are available specifically in Dover, DE?
Dover homebuyers can access Delaware's First-Time Home Buyer Program, which offers competitive interest rates and down payment assistance. Additionally, the Delaware State Housing Authority (DSHA) provides special programs with reduced mortgage insurance requirements. These programs are particularly valuable given Dover's median home prices and can make homeownership more accessible.
How do property tax rates in Dover affect my mortgage payments?
Kent County property taxes in Dover are relatively moderate compared to national averages, currently around 0.55% of assessed value. This means your escrow payments for taxes will be lower than in many other areas, potentially making your overall monthly mortgage payment more affordable. However, it's important to get an accurate tax estimate for your specific property during the mortgage pre-approval process.
Are there any special mortgage considerations for buying near Dover Air Force Base?
Yes, military and civilian personnel should explore VA loans, which are particularly popular in the Dover area. Local lenders are experienced with military relocation and understand the unique timing needs of PCS moves. Some lenders also offer specialized programs with flexible underwriting for military buyers in the Dover housing market.
What's the typical down payment requirement for conventional loans in Dover's current market?
In Dover's competitive housing market, conventional loans typically require 5-20% down, but many local buyers are putting down 3-5% through conventional 97 programs. Given Dover's relatively affordable home prices compared to neighboring states, even smaller down payments can secure competitive mortgage terms. Local lenders often have specific programs tailored to Delaware's market conditions.
How do seasonal fluctuations in Dover's housing market impact mortgage timing?
Dover's market sees increased activity during spring and summer months, coinciding with military relocation cycles and the school calendar. This seasonality can affect both home prices and mortgage rates offered by local lenders. Winter months may offer more negotiating power but fewer inventory choices, so timing your mortgage application strategically can impact both your rate and purchase price.
Nearby Cities
Explore mortgage lenders in cities near Dover, DE
Why Choose a Mortgage Lender in Dover?
Local Market Knowledge
Lenders who understand Dover's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Delaware.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Dover and get competitive rates on your home loan.