The Best Mortgage Lenders in Fallston, MD
Compare verified mortgage lenders serving Fallston, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fallston
Featured Mortgage Lenders
Chris Sarris
First Home Mortgage
First Home Mortgage is one of Maryland's most respected mortgage lenders with deep roots in Harford County. Located just minutes from Fallston in Bel Air, they have served the local community for over 30 years. Chris Sarris and his team are particularly noted for their expertise in first-time homebuyer programs, local market knowledge, and exceptional customer service. They consistently receive top ratings for their competitive rates, smooth closing process, and personalized approach to each client's unique financial situation.
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Jason R. Runk
OVM Financial
OVM Financial has built an outstanding reputation throughout Maryland with particular strength in the Baltimore metro area serving Fallston clients. Jason Runk and his team are known for their extensive mortgage expertise and commitment to customer education. They excel at navigating complex loan scenarios and provide exceptional communication throughout the entire mortgage process. Their local market knowledge combined with competitive rates and flexible loan programs makes them a top choice for Fallston homebuyers.
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Mortgage Department
Tower Federal Credit Union
As Maryland's largest credit union, Tower Federal Credit Union has been serving the mortgage needs of Fallston residents for decades. They offer exceptionally competitive rates for members and are particularly strong with first-time homebuyer programs and VA loans. Their local loan officers understand the Fallston and Harford County market intimately. Members consistently praise their straightforward process, transparent pricing, and commitment to finding the right mortgage solution without pressure or hidden fees.
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Frequently Asked Questions
Common questions about mortgage lending in Fallston, MD
What are the current mortgage rates like in Fallston, MD compared to the national average?
Mortgage rates in Fallston typically align closely with national averages, but local competition among lenders in the Baltimore metro area can sometimes result in slightly more competitive rates. It's wise to compare offers from both local credit unions and national lenders, as Fallston's desirable suburban location can influence lender incentives. Currently, rates tend to range between 6.5% and 7.5% for 30-year fixed mortgages, depending on credit profile.
Are there any special mortgage programs for first-time homebuyers in Fallston?
Yes, Maryland offers several programs that Fallston buyers can utilize, including the Maryland Mortgage Program (MMP), which provides competitive interest rates and down payment assistance. Additionally, Harford County may have local initiatives, so consulting with a mortgage advisor familiar with Fallston's market is beneficial. These programs are particularly helpful given Fallston's median home prices, which are above the state average.
How does Fallston's proximity to Baltimore affect mortgage lending and property requirements?
Fallston's location in the Baltimore-Columbia-Towson MD Metro means lenders may require specific flood zone certifications or additional inspections due to varied topography. Jumbo loans are more common here since home values often exceed conforming loan limits. Lenders familiar with the area will understand these nuances and can guide you through any location-specific underwriting requirements.
What should I know about property taxes when getting a mortgage in Fallston?
Fallston property taxes are determined by Harford County, with current rates approximately 1.04% of assessed value. When calculating your mortgage payment, lenders will include these taxes in your escrow account. It's important to note that tax assessments can vary between Fallston's more rural properties and those closer to developed areas, potentially affecting your overall monthly payment.
Are USDA loans available in Fallston given its semi-rural character?
While parts of Fallston qualify for USDA rural housing loans, the eligibility is patchwork due to its proximity to urban centers. Specific neighborhoods may be eligible, so it's crucial to work with a lender who can check the USDA eligibility map for your exact property. This can be an excellent opportunity for qualified buyers looking to purchase with no down payment in eligible areas of Fallston.
Why Choose a Mortgage Lender in Fallston?
Local Market Knowledge
Lenders who understand Fallston'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 Fallston and get competitive rates on your home loan.