The Best Mortgage Lenders in Brentwood, MD
Compare verified mortgage lenders serving Brentwood, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Brentwood
Featured Mortgage Lenders
Atlantic Coast Mortgage
Atlantic Coast Mortgage LLC
Atlantic Coast Mortgage is a top-rated lender renowned for its exceptional customer service and competitive rates. With a strong presence in the Maryland and D.C. metro area, they specialize in a wide range of loan products and have built a reputation for seamless closings and personalized guidance. Their high ratings and extensive positive reviews highlight their reliability and expertise in serving first-time homebuyers and investors alike in Brentwood and surrounding communities.
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Prosperity Home Mortgage
Prosperity Home Mortgage, LLC
Prosperity Home Mortgage is a highly respected lender with deep roots in the Maryland region, offering tailored mortgage solutions and exceptional customer care. They are known for their competitive rates, quick processing times, and expertise in various loan types, making them a preferred choice for Brentwood residents. Their long-standing reputation and A+ BBB accreditation reflect their commitment to transparency and client satisfaction.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized lender with a strong local presence in the D.C. metro area, praised for its innovative digital tools and competitive financing options. They excel in providing fast, efficient service and have a track record of high customer satisfaction, particularly for buyers in Brentwood seeking flexible loan terms and expert advice. Their extensive experience and robust review base underscore their reliability and market leadership.
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Frequently Asked Questions
Common questions about mortgage lending in Brentwood, MD
What are the current average mortgage rates for homebuyers in Brentwood, MD?
Mortgage rates in Brentwood typically align with national averages but can vary based on local market conditions and lender competition. Currently, 30-year fixed rates in the area range from 6.5% to 7.25%, while 15-year fixed rates are generally 0.5-0.75% lower. It's recommended to compare rates from multiple local lenders as Brentwood's proximity to Washington D.C. creates competitive lending options.
Are there any special first-time homebuyer programs available specifically for Brentwood residents?
Yes, Brentwood homebuyers can access Maryland Mortgage Program (MMP) options, including the 1st Time Advantage Loan with competitive interest rates and down payment assistance. Additionally, Prince George's County offers the Homeownership Assistance Program which provides up to $10,000 in down payment and closing cost assistance for eligible Brentwood buyers meeting income requirements.
How does Brentwood's proximity to Washington D.C. affect mortgage lending requirements?
Brentwood's location in the Washington D.C. metro area means lenders often apply stricter debt-to-income ratios and require stronger employment verification due to the region's higher cost of living. However, this also means more lending options are available, including specialized programs for federal employees and contractors who work in D.C. but prefer Brentwood's more affordable housing market.
What are the typical down payment requirements for Brentwood homes given the local market prices?
For Brentwood's median home prices of approximately $400,000-$450,000, conventional loans typically require 5-20% down ($20,000-$90,000). However, FHA loans are popular in Brentwood, allowing down payments as low as 3.5% ($14,000-$15,750), making homeownership more accessible in this competitive market.
Are there any property tax considerations I should know about when getting a mortgage in Brentwood?
Brentwood homeowners pay Prince George's County property taxes, which currently average about 0.96% of assessed value. Lenders will factor this into your monthly mortgage payment through escrow, and first-time buyers should be aware of the Maryland Homestead Tax Credit, which limits how much your assessed value can increase for tax purposes each year.
Nearby Cities
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Why Choose a Mortgage Lender in Brentwood?
Local Market Knowledge
Lenders who understand Brentwood'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 Brentwood and get competitive rates on your home loan.