The Best Mortgage Lenders in Edgewood, MD
Compare verified mortgage lenders serving Edgewood, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Edgewood
Featured Mortgage Lenders
CrossCountry Mortgage, LLC
CrossCountry Mortgage, LLC
CrossCountry Mortgage stands out as one of the top-rated mortgage lenders serving the Edgewood area with their Bel Air office located just minutes away. With over 20 years of experience and exceptional 4.8-star ratings, they specialize in personalized service for Harford County homebuyers. Their team offers comprehensive loan options including specialized programs for military families and first-time homebuyers, making them particularly well-suited for the Edgewood community near Aberdeen Proving Ground. They're known for competitive rates, transparent communication throughout the lending process, and local expertise in Maryland's specific mortgage requirements.
Loan Types:
Fulton Bank
Fulton Bank, N.A.
Fulton Bank brings over a century of banking experience to the Edgewood market with their nearby Bel Air branch serving Harford County residents. As an established regional bank with deep roots in Maryland, they offer the stability of a traditional financial institution combined with modern mortgage solutions. Their 4.6-star rating reflects consistent customer satisfaction, particularly for their competitive conventional loans and construction financing options. Fulton Bank is praised for their local decision-making authority, personalized service from experienced loan officers, and comprehensive banking relationships that can benefit Edgewood homebuyers seeking a full-service financial partner.
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APL Federal Credit Union
APL Federal Credit Union
APL Federal Credit Union serves the entire Maryland region including Edgewood residents, with particularly strong offerings for military and government employees. With an outstanding 4.7-star rating and over eight decades of financial service experience, they provide member-focused mortgage solutions with typically lower fees and competitive rates than traditional banks. Their expertise in VA loans makes them an excellent choice for Edgewood's military community, while their first-time homebuyer programs and personalized guidance throughout the mortgage process have earned them consistently high marks. As a credit union, they prioritize member satisfaction over profits, resulting in exceptional service and favorable terms for qualified borrowers.
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Frequently Asked Questions
Common questions about mortgage lending in Edgewood, MD
What are the current mortgage rates like for homes in Edgewood, MD?
Mortgage rates in Edgewood are generally competitive with national averages but can vary based on lender, loan type, and your financial profile. As of recent trends, Edgewood buyers typically see rates slightly below the state average due to the area's stable housing market. It's wise to compare offers from local credit unions and national lenders for the best Edgewood-specific rate.
Are there any first-time homebuyer programs specific to Edgewood that can help with down payments?
Yes, Edgewood homebuyers can access Maryland Mortgage Program (MMP) options, which include down payment assistance grants and favorable loan terms for first-time buyers. Additionally, Harford County may offer local initiatives or partnerships that provide closing cost assistance. Consulting with a mortgage advisor familiar with Edgewood can help you identify the best combination of state and local aid.
How does Edgewood's proximity to military bases like Aberdeen Proving Ground affect mortgage options?
Edgewood's location near Aberdeen Proving Ground makes VA loans a popular and advantageous choice for eligible military personnel, veterans, and their families. Many local lenders are experienced with VA loans and understand the specific appraisal and compliance requirements for the area. This can streamline the process and potentially offer more competitive terms for those who qualify.
What should I know about property taxes and insurance when getting a mortgage in Edgewood?
Edgewood property taxes are determined by Harford County, with rates that are generally moderate compared to other parts of Maryland. When budgeting for your mortgage payment, factor in homeowners insurance which may be slightly higher due to the area's susceptibility to seasonal weather. Your lender will include these in your monthly escrow calculation, so ask for a detailed estimate upfront.
Are there any special loan considerations for buying a townhome or condo in Edgewood?
Yes, purchasing a townhome or condo in Edgewood may involve specific lender requirements such as reviewing the HOA's financial health, reserves, and master insurance policy. Some loan programs have additional guidelines for condominium projects. Working with a lender experienced in Edgewood's common property types can help navigate these requirements smoothly and avoid delays.
Nearby Cities
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Why Choose a Mortgage Lender in Edgewood?
Local Market Knowledge
Lenders who understand Edgewood'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 Edgewood and get competitive rates on your home loan.