The Best Mortgage Lenders in Fulton, MD
Compare verified mortgage lenders serving Fulton, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fulton
Featured Mortgage Lenders
Sandy Spring Bank Mortgage
Sandy Spring Bank
Sandy Spring Bank stands out as one of the most respected regional mortgage lenders serving Fulton and surrounding Howard County areas. With deep roots in Maryland dating back over 150 years, they offer personalized service through local loan officers who understand the specific real estate market dynamics of Fulton and central Maryland. Their strong community presence, competitive rates, and comprehensive loan programs make them a top choice for homebuyers seeking both expertise and local market knowledge. Customers consistently praise their responsive service and smooth closing processes.
Loan Types:
First Home Mortgage
First Home Mortgage Corporation
First Home Mortgage has built an exceptional reputation throughout Maryland, including strong service in Fulton and Howard County. As a direct mortgage lender with in-house underwriting and processing, they offer faster closings and more personalized service than many larger institutions. Their team includes local mortgage experts who understand the competitive Fulton housing market. With consistently high customer satisfaction ratings and numerous industry awards, they're known for their competitive rates, transparent communication, and ability to handle complex loan scenarios with expertise.
Loan Types:
New American Funding
New American Funding
New American Funding brings national lending power with local expertise to Fulton homebuyers. While headquartered in California, they maintain a strong presence in Maryland with dedicated local loan officers who understand the specific needs of Fulton residents. They're particularly noted for their diverse loan programs, including special initiatives for first-time homebuyers and competitive jumbo loan options that appeal to Fulton's premium housing market. Their digital mortgage process combines with personalized service, and they consistently receive high marks for customer satisfaction and competitive rate offerings.
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Frequently Asked Questions
Common questions about mortgage lending in Fulton, MD
What are the current mortgage rates like in Fulton, MD compared to the national average?
Mortgage rates in Fulton typically align closely with national averages but can be slightly influenced by Maryland's competitive housing market. Currently, Fulton rates may be marginally lower than the national average due to the area's high property values and strong borrower profiles. It's best to check with local lenders for the most accurate, real-time rate quotes.
Are there any first-time homebuyer programs specific to Howard County that I can use in Fulton?
Yes, Howard County offers the "Howard County Housing Opportunity Grant" which provides down payment and closing cost assistance to eligible first-time homebuyers purchasing in Fulton and other county areas. Additionally, Maryland's Mortgage Program (MMP) offers competitive rates and assistance that Fulton buyers can utilize, often with special options for targeted areas.
How do Fulton's high property values impact jumbo loan requirements?
With Fulton's median home prices well above national averages, jumbo loans are common and often require stronger financial profiles. Lenders typically look for credit scores of 700+, lower debt-to-income ratios, and larger down payments (often 15-20% or more). Some local lenders offer competitive jumbo products tailored to Howard County's affluent market.
What special considerations should I know about property taxes when getting a mortgage in Fulton?
Fulton homeowners pay both Howard County property taxes (currently approximately 1.01%) and Maryland state property taxes, which can impact your total monthly mortgage payment. Your lender will help calculate these into your escrow account, but it's important to budget for property taxes that are typically higher than national averages due to the area's premium home values.
Are there any local Fulton or Howard County programs that help with down payments?
Howard County's Department of Housing and Community Development offers several assistance programs, including the "Buying Into Howard County" initiative which provides deferred loans for down payment and closing costs. These programs often have income limits and property location requirements that Fulton homebuyers should explore early in their mortgage process.
Nearby Cities
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Why Choose a Mortgage Lender in Fulton?
Local Market Knowledge
Lenders who understand Fulton'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 Fulton and get competitive rates on your home loan.