The Best Mortgage Lenders in Burtonsville, MD
Compare verified mortgage lenders serving Burtonsville, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Burtonsville
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly-rated national mortgage lender with a strong local presence in the Washington D.C. metropolitan area, including Burtonsville. Known for competitive interest rates, a wide array of loan options, and efficient online processing, they have consistently high customer satisfaction scores and numerous industry awards. Their Bethesda office provides personalized service for homebuyers in Montgomery County, making them a top choice for both purchase and refinance loans.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender specializing in purchase loans and first-time homebuyer assistance, with loan officers actively serving the Burtonsville area. They are praised for their fast closing times, community involvement, and dedicated customer support. With a focus on simplifying the mortgage process and offering competitive rates, they have built a strong track record in the Mid-Atlantic region, including Maryland.
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Atlantic Coast Mortgage
Atlantic Coast Mortgage, LLC
Atlantic Coast Mortgage is a top-rated regional lender serving Burtonsville and the broader Maryland, Virginia, and D.C. area. They excel in providing personalized mortgage solutions with local expertise, competitive rates, and a commitment to customer service. Their high ratings reflect reliability and satisfaction among homebuyers, particularly for those seeking conventional, government, or jumbo loans with a community-focused approach.
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Frequently Asked Questions
Common questions about mortgage lending in Burtonsville, MD
What are the current mortgage rates like for homes in Burtonsville, MD?
Mortgage rates in Burtonsville typically align with national averages but can be influenced by local market competition and property types. As of recent trends, rates for conventional 30-year fixed loans in Montgomery County generally range from the mid-6% to low-7% APR, though this varies by lender, credit score, and loan type. It's advisable to compare offers from both local Maryland lenders and national institutions to secure the best rate.
Are there any first-time homebuyer programs specific to Burtonsville that can help with down payments?
Yes, Burtonsville homebuyers can access Maryland Mortgage Program (MMP) options, which include down payment assistance grants and competitive interest rates for first-time buyers in Montgomery County. Additionally, the Montgomery County Housing Opportunities Commission (HOC) offers programs like "House4You," which provides closing cost and down payment assistance to eligible buyers purchasing within the county, including Burtonsville.
How does Burtonsville's location in Montgomery County affect property taxes and mortgage escrow?
Burtonsville homeowners pay Montgomery County property taxes, which are currently about $0.974 per $100 of assessed value—slightly above the Maryland average. When setting up your mortgage escrow account, lenders will factor in this rate, plus any Burtonsville-specific municipal fees if applicable, so your monthly payment will reflect these local tax obligations.
What types of homes in Burtonsville are most common, and does that affect the type of mortgage I might need?
Burtonsville features a mix of single-family homes, townhouses, and condos, often built from the 1960s to 1990s. For older homes, an FHA 203(k) renovation loan can be useful if updates are needed, while conventional loans are common for move-in-ready properties. Condos and townhouses may require approval from lenders who review the HOA’s financial health—a key step in Burtonsville’s diverse housing market.
Are there any local Burtonsville or Montgomery County loan programs for buying a fixer-upper?
Yes, Montgomery County offers the "Moderate Income Housing Unit (MIHU)" program, which includes affordable homes that may need renovation, and the Maryland Department of Housing MMP Plus loan can be paired with an FHA 203(k) for repairs. Burtonsville buyers should also explore county-specific energy efficiency grants that can help finance upgrades in older homes common in the area.
Why Choose a Mortgage Lender in Burtonsville?
Local Market Knowledge
Lenders who understand Burtonsville'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 Burtonsville and get competitive rates on your home loan.