The Best Mortgage Lenders in Harrington, DE
Compare verified mortgage lenders serving Harrington, Delaware. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harrington
Featured Mortgage Lenders
First Heritage Mortgage
First Heritage Mortgage
First Heritage Mortgage is a highly-rated local mortgage lender with deep roots in Delaware's Kent County, serving Harrington and surrounding areas. They maintain exceptional 4.9-star ratings across multiple review platforms due to their personalized service, competitive rates, and extensive local market knowledge. As a community-focused lender with over two decades of experience, they specialize in helping both first-time homebuyers and experienced investors throughout central Delaware with various loan programs and flexible financing solutions.
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Dover Federal Credit Union
Dover Federal Credit Union
Dover Federal Credit Union is one of Delaware's most trusted financial institutions, serving Harrington residents with exceptional mortgage services and competitive member-owned rates. With nearly 70 years of community banking experience, they offer comprehensive mortgage solutions including specialized first-time homebuyer programs and construction loans. Their 4.8-star rating reflects outstanding customer satisfaction, personalized service, and deep commitment to the local community. Members benefit from local decision-making and relationship-based lending.
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Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group maintains a strong presence in central Delaware with a local Dover office that actively serves Harrington homebuyers. With over 25 years in the mortgage industry and thousands of positive reviews, they combine national lending power with local expertise. Their 4.7-star rating stems from efficient processing, competitive rates, and dedicated local loan officers who understand Delaware's unique housing market. They offer a wide range of loan products and are particularly noted for their streamlined refinance process and excellent customer communication.
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Frequently Asked Questions
Common questions about mortgage lending in Harrington, DE
What are the current average mortgage rates for homebuyers in Harrington, DE?
Mortgage rates in Harrington typically align with national averages but can vary based on local lender competition and property type. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.25%, though rates for manufactured homes (common in Harrington) may be slightly higher. It's best to compare offers from local lenders like First State Mortgage and national providers for the most competitive rates.
Are there any special first-time homebuyer programs available specifically in Harrington?
Yes, Harrington 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's Preferred Plus program provides 100% financing options, particularly beneficial for Harrington's affordable housing market where median home prices are below state averages.
How does Harrington's rural location affect mortgage lending requirements?
Harrington's rural designation can work to your advantage through USDA Rural Development loans, which offer 100% financing with no down payment required. Many properties in and around Harrington qualify for these programs, making homeownership more accessible. However, lenders may require additional inspections for older properties common in this historic agricultural community.
What unique closing costs should I expect when buying a home in Harrington?
Harrington homebuyers should budget for standard Delaware costs including 2% transfer tax (typically split between buyer and seller) and mortgage recording fees. Kent County-specific fees apply, and you may encounter additional costs for well and septic inspections given Harrington's rural character. Total closing costs typically range from 2-5% of the home's purchase price.
How do Harrington's seasonal agricultural economy and property types affect mortgage approval?
Lenders may scrutinize income stability for buyers in seasonal agricultural jobs, often requiring 2-year employment history. For Harrington's popular manufactured homes, financing options differ significantly - many require specialized lenders and may have higher interest rates. Traditional stick-built homes in Harrington's historic districts typically qualify for conventional financing with better terms.
Why Choose a Mortgage Lender in Harrington?
Local Market Knowledge
Lenders who understand Harrington'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 Harrington and get competitive rates on your home loan.