The Best Mortgage Lenders in Ashton, MD
Compare verified mortgage lenders serving Ashton, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Ashton
Featured Mortgage Lenders
First Home Mortgage
First Home Mortgage Corporation
First Home Mortgage is a top-rated regional lender with deep roots in Maryland, serving Ashton and surrounding Montgomery County areas. With over 30 years of experience, they consistently receive exceptional ratings for their personalized service, competitive rates, and local market expertise. Their Columbia location provides convenient access for Ashton residents, and they specialize in first-time homebuyer programs, jumbo loans, and various government-backed loans. Their high customer satisfaction ratings reflect their commitment to smooth closings and transparent communication throughout the mortgage process.
Loan Types:
Sandy Spring Bank
Sandy Spring Bank Mortgage
As a well-established community bank with strong presence in Montgomery County, Sandy Spring Bank has been serving Ashton residents for decades. They offer competitive mortgage products with local underwriting and decision-making, providing personalized service that larger national banks often lack. Their Olney branch is conveniently located near Ashton, and they excel in construction loans, jumbo mortgages, and relationship-based banking. With consistently high customer satisfaction ratings, they're known for their responsive loan officers and deep understanding of the local real estate market.
Loan Types:
Presidential Bank
Presidential Bank, FSB
Presidential Bank has been serving the greater Washington D.C. metropolitan area, including Ashton, Maryland, for over 35 years. They specialize in jumbo loans and competitive conventional mortgages, with particular expertise in the high-cost Montgomery County market. Their Bethesda location provides easy access for Ashton residents, and they're known for their efficient processing and competitive rates. The bank maintains strong community ties and offers personalized service through dedicated loan officers who understand the unique aspects of Maryland's mortgage regulations and real estate landscape.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Ashton, MD
What are the current average mortgage rates for homebuyers in Ashton, MD?
Mortgage rates in Ashton typically align with national averages but can vary based on property type and loan program. Currently, 30-year fixed rates range from 6.5% to 7.25% depending on credit score and down payment. Local lenders familiar with Montgomery County's market can often offer competitive rates specific to Ashton's rural-character properties.
Are there any special loan programs for first-time homebuyers in Ashton?
Yes, Ashton homebuyers can access Maryland Mortgage Program (MMP) options, which offer competitive interest rates and down payment assistance. Additionally, Montgomery County's own Homeownership Program provides closing cost assistance up to $10,000 for eligible buyers. These programs are particularly valuable given Ashton's higher-than-average home prices.
How does Ashton's rural location affect mortgage lending requirements?
Ashton's semi-rural designation can impact lending, particularly for properties with well and septic systems. Lenders may require additional inspections and sometimes larger down payments for these properties. USDA loans are also available in Ashton, offering 100% financing options for eligible buyers in this designated rural area.
What should I know about property taxes when getting a mortgage in Ashton?
Ashton falls under Montgomery County's tax jurisdiction, with current property tax rates around 0.94% of assessed value. Your mortgage lender will typically escrow for property taxes, which are slightly lower than urban areas of the county but higher than more rural Maryland locations. First-time buyers should budget for both county and state transfer taxes.
Are there specific considerations for buying historic properties in Ashton?
Yes, Ashton has several historic properties and districts that may require special lending considerations. Lenders might require additional inspections and higher insurance coverage for historic homes. Some properties may qualify for Maryland Historic Rehabilitation Tax Credits, but conventional financing for major renovations can be more complex in Ashton's historic areas.
Nearby Cities
Explore mortgage lenders in cities near Ashton, MD
Why Choose a Mortgage Lender in Ashton?
Local Market Knowledge
Lenders who understand Ashton'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 Maryland.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Ashton and get competitive rates on your home loan.