The Best Mortgage Lenders in Dhs, MD
Compare verified mortgage lenders serving Dhs, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dhs
Featured Mortgage Lenders
Intercoastal Mortgage
Intercoastal Mortgage LLC
Intercoastal Mortgage is a highly-rated local mortgage broker serving the entire Montgomery County area including Dhs. With exceptional 4.9-star ratings across multiple platforms, they specialize in personalized service and competitive rates for first-time homebuyers and experienced investors alike. Their team of local experts has deep knowledge of the Dhs and greater Washington D.C. metro housing market, providing tailored mortgage solutions with quick closing times and excellent customer service that has earned them numerous positive reviews from Maryland homeowners.
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Sandy Spring Bank
Sandy Spring Bank
As one of Maryland's oldest and most established community banks, Sandy Spring Bank has served the Montgomery County region for over 150 years. With a strong 4.7-star rating and deep roots in the Dhs area, they offer comprehensive mortgage services through their local branch network. Their mortgage specialists provide personalized attention and competitive rates, backed by the stability of a longstanding Maryland financial institution. They excel at understanding local market conditions and offer a full range of mortgage products with the convenience of local decision-making.
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New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with strong presence in the Maryland and D.C. metro area. With an impressive 4.8-star rating and hundreds of positive reviews, they serve Dhs homeowners with a wide variety of loan options and competitive rates. They are particularly noted for their diverse lending programs and excellent customer service, with local loan officers who understand the specific needs of Montgomery County homebuyers. Their efficient processing and commitment to closing loans on time make them a top choice for Dhs area residents seeking reliable mortgage services.
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Frequently Asked Questions
Common questions about mortgage lending in Dhs, MD
What are the current average mortgage rates for homebuyers in Dhs, MD?
Mortgage rates in Dhs typically align with national averages but can vary based on local market conditions and lender competition. As of recent trends, 30-year fixed rates in the Dhs area generally range between 6.5% to 7.2%, though this fluctuates with economic indicators. It's best to compare rates from multiple local lenders, including credit unions like Andrews Federal Credit Union, which serves the Dhs community.
Are there any special first-time homebuyer programs available specifically for Dhs residents?
Yes, Dhs homebuyers can access Maryland Mortgage Program (MMP) options, which offer competitive interest rates and down payment assistance. Additionally, Prince George's County offers the "4You" loan program, providing up to $10,000 in down payment and closing cost assistance for eligible buyers in Dhs. These programs are particularly valuable given Dhs's proximity to DC and its competitive housing market.
How does Dhs's proximity to military installations affect mortgage options?
Dhs's location near Joint Base Andrews makes VA loans particularly advantageous for military personnel and veterans. Many local lenders have extensive experience with VA loans and understand the specific needs of military families. Additionally, some lenders offer specialized programs with reduced fees or more flexible underwriting for those with military connections stationed in the area.
What unique closing costs should I expect when buying a home in Dhs, MD?
Dhs homebuyers should budget for Maryland's state transfer taxes (typically split between buyer and seller), recordation taxes, and Prince George's County's local transfer tax. Additionally, you'll encounter typical closing costs like title insurance and lender fees. The combined state and county transfer taxes in Dhs can add approximately 1.5-2% to your closing costs, which is higher than many other jurisdictions.
How competitive is the mortgage pre-approval process in Dhs's housing market?
Given Dhs's desirable location near Washington DC and relatively affordable housing compared to neighboring areas, the market remains competitive. A strong pre-approval with local lenders who understand the Dhs market is crucial. Many successful buyers come with pre-approvals that include underwriting review completion, which makes offers more attractive to sellers in this fast-moving market.
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Why Choose a Mortgage Lender in Dhs?
Local Market Knowledge
Lenders who understand Dhs'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 Dhs and get competitive rates on your home loan.