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Galesville, MD

The Best Mortgage Lenders in Galesville, MD

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

3
Top Lenders
4.8
Avg Rating
950+
Reviews
9
Loan Types

Available Loan Programs in Galesville

Conventional
FHA
VA
USDA
Jumbo
Refinance
First-time Homebuyer
Construction
Investment Property

Featured Mortgage Lenders

1

SECU Mortgage Services

State Employees Credit Union of Maryland

★★★★☆
4.8/5

As Maryland's largest credit union, SECU has served Maryland residents for over 70 years with exceptional mortgage services. While headquartered in Gaithersburg, they have extensive reach throughout Maryland including the Galesville area. Their non-profit structure allows for highly competitive rates and lower fees than traditional banks. SECU is particularly praised for their first-time homebuyer programs and personalized service throughout the entire mortgage process. Members consistently rate them highly for transparency, local decision-making, and community-focused lending practices.

Experience:70 years
Reviews:450 customer reviews
9801 Washingtonian Blvd, Gaithersburg, MD 20878

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceFirst-time Homebuyer
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2

First Home Mortgage

First Home Mortgage Corporation

★★★★☆
4.9/5

First Home Mortgage is a regional powerhouse with deep roots in Maryland, serving the Galesville area with exceptional expertise in waterfront and rural properties. As a direct lender with in-house underwriting, they offer faster closings and more personalized service than many national chains. Their 30+ years in business and thousands of 5-star reviews highlight their commitment to customer satisfaction. They're particularly strong with complex property types common in the Chesapeake Bay region and offer competitive construction and renovation loan programs tailored to Maryland's unique housing market.

Experience:30 years
Reviews:300 customer reviews
2331 Rock Spring Road, Forest Hill, MD 21050

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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3

Prosperity Home Mortgage

Prosperity Home Mortgage, LLC

★★★★☆
4.7/5

Prosperity Home Mortgage maintains a strong presence throughout Maryland with local loan officers who understand the Galesville market specifically. They combine the resources of a national lender with local expertise, offering competitive rates and a wide variety of loan products. Their digital mortgage platform streamlines the application process while maintaining personal service. Customers consistently praise their responsiveness and ability to handle complex loan scenarios. With over two decades of experience, they've built a reputation for reliability and excellent customer service in Maryland's coastal communities.

Experience:20 years
Reviews:200 customer reviews
4600 East-West Highway, Bethesda, MD 20814

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceInvestment Property
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Frequently Asked Questions

Common questions about mortgage lending in Galesville, MD

What are the current mortgage rates like for homes in Galesville, MD?

Mortgage rates in Galesville typically align with national averages but can be slightly influenced by Maryland's overall market conditions. Currently, 30-year fixed rates hover around 6.5-7% for qualified buyers, though waterfront properties may have specific lender requirements that could affect rates. It's best to consult with local lenders who understand Anne Arundel County's unique market dynamics.

Are there any special mortgage considerations for buying a waterfront property in Galesville?

Yes, waterfront homes in Galesville often require additional considerations like higher insurance premiums for flood coverage and potentially stricter lending requirements. Lenders may require more extensive property inspections and higher down payments for these properties. Many local lenders have experience with West River and surrounding waterfront properties and can guide you through these specific requirements.

What Maryland first-time homebuyer programs are available for Galesville residents?

Galesville homebuyers can access several Maryland Mortgage Program options, including the Maryland SmartBuy program that helps with student debt and the Partner Match program for down payment assistance. Anne Arundel County also offers its own Homeownership Opportunity Program with additional support. These programs are particularly valuable given Galesville's mix of historic and newer waterfront properties.

How does Galesville's historic district affect mortgage lending?

Properties in Galesville's historic district may require specialized lending approaches, as some lenders have specific requirements for historic homes. You'll want to ensure the property meets modern lending standards while preserving its historic character. Local lenders familiar with Galesville's historic properties can help navigate any additional inspections or preservation requirements that might affect financing.

What are the typical closing costs for mortgage loans in Galesville?

Closing costs in Galesville typically range from 2-5% of the home's purchase price, including Maryland-specific fees like recordation taxes and transfer taxes. Anne Arundel County charges additional transfer and recordation taxes that vary based on property value. Working with a local title company familiar with Galesville properties can help accurately estimate these costs upfront.

Nearby Cities

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Why Choose a Mortgage Lender in Galesville?

Local Market Knowledge

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