SSL Secured
Privacy Protected
Licensed & Regulated
MortgageLenderNearMe
Cheltenham, MD

The Best Mortgage Lenders in Cheltenham, MD

Compare verified mortgage lenders serving Cheltenham, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.7
Avg Rating
950+
Reviews
8
Loan Types

Available Loan Programs in Cheltenham

Conventional
FHA
VA
Jumbo
Refinance
First-time Homebuyer
USDA
Renovation

Featured Mortgage Lenders

1

NASA Federal Credit Union

NASA Federal Credit Union

★★★★☆
4.8/5

NASA Federal Credit Union is one of the highest-rated mortgage lenders serving the Cheltenham area with exceptional customer satisfaction scores. As a longstanding credit union with deep roots in Maryland, they offer highly competitive rates and personalized service. Their mortgage specialists are known for guiding borrowers through the entire process with expertise in first-time homebuyer programs, VA loans, and conventional financing. With numerous local branches throughout Prince George's County and Southern Maryland, they provide convenient in-person service combined with digital convenience.

Experience:85 years
Reviews:450 customer reviews
1400 Fernwood Road, Suite 402, Camp Springs, MD 20746

Loan Types:

ConventionalFHAVAJumboRefinanceFirst-time Homebuyer
Visit Website
2

First Home Mortgage

First Home Mortgage Corporation

★★★★☆
4.7/5

First Home Mortgage is a Maryland-based lender with a stellar reputation for serving the Cheltenham and greater Prince George's County area. As a local mortgage banker with direct lending capabilities, they offer competitive rates and efficient processing. Their team includes specialists familiar with the specific real estate market dynamics in Cheltenham and surrounding communities. They're particularly praised for their responsive communication, streamlined application process, and expertise in various loan programs including government-backed loans that are popular with Maryland homebuyers.

Experience:30+ years
Reviews:300 customer reviews
4423 Forbes Boulevard, Lanham, MD 20706

Loan Types:

ConventionalFHAVAUSDAJumboRenovationRefinance
Visit Website
3

Guild Mortgage

Guild Mortgage Company

★★★★☆
4.6/5

Guild Mortgage maintains a strong local presence in the Cheltenham area with their Calverton branch serving Southern Maryland communities. As a national lender with deep local expertise, they combine the resources of a large mortgage company with personalized service from local loan officers who understand the Cheltenham housing market. They're particularly recognized for their flexible underwriting and diverse loan portfolio, including specialized programs for self-employed borrowers and unique property types. Their high customer satisfaction ratings reflect their commitment to guiding borrowers through complex mortgage scenarios.

Experience:60+ years
Reviews:200 customer reviews
11785 Beltsville Drive, Suite 1050, Calverton, MD 20705

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceRenovation
Visit Website

Frequently Asked Questions

Common questions about mortgage lending in Cheltenham, MD

What are the current mortgage rates like for homebuyers in Cheltenham, MD?

Mortgage rates in Cheltenham typically align with national averages but can be influenced by local market conditions in Prince George's County. Currently, rates for 30-year fixed mortgages range between 6.5-7% for qualified buyers, though specific rates depend on credit score, loan type, and down payment amount. Local lenders familiar with the Cheltenham area may offer competitive rates compared to national banks.

Are there any first-time homebuyer programs specific to Cheltenham that I should know about?

Yes, Cheltenham homebuyers can access several Maryland-specific programs including the Maryland Mortgage Program (MMP) which offers competitive interest rates and down payment assistance. Prince George's County also offers additional assistance programs like the 4% Loan Program that can be combined with state offerings. These programs are particularly valuable in Cheltenham's affordable housing market.

How does Cheltenham's proximity to Washington D.C. affect mortgage lending requirements?

Cheltenham's location in the Washington D.C. metro area means lenders often consider the stable employment market when underwriting loans. Many lenders offer favorable terms to buyers with federal government jobs or D.C.-area employment, recognizing the region's economic stability. However, this also means housing demand remains consistent, which can affect home prices and loan amounts.

What types of properties typically require special mortgage considerations in Cheltenham?

Cheltenham features a mix of single-family homes, townhouses, and some older properties that may require renovation loans. FHA 203(k) loans are popular for homes needing repairs, while conventional loans work well for most standard properties. Lenders familiar with the area understand the local property types and can guide you toward the appropriate loan product.

Are there any local property tax considerations that affect mortgage payments in Cheltenham?

Yes, Prince George's County property taxes are a key factor in calculating your total monthly mortgage payment. Cheltenham homeowners typically pay county property taxes around 0.96% of assessed value, which lenders factor into your debt-to-income ratio. First-time homebuyers may qualify for Maryland's Homestead Tax Credit, which limits annual assessment increases.

Nearby Cities

Explore mortgage lenders in cities near Cheltenham, MD

Why Choose a Mortgage Lender in Cheltenham?

Local Market Knowledge

Lenders who understand Cheltenham'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 Cheltenham and get competitive rates on your home loan.