The Best Mortgage Lenders in Georgetown, MD
Compare verified mortgage lenders serving Georgetown, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Georgetown
Featured Mortgage Lenders
First Home Mortgage
First Home Mortgage Corporation
First Home Mortgage is a top-rated regional lender with deep roots across Maryland's Eastern Shore, including Georgetown and surrounding areas. With over three decades of experience, they specialize in serving coastal Maryland communities and offer personalized service through local loan officers who understand the unique aspects of Delmarva Peninsula real estate. Their exceptional 4.9-star rating reflects consistent customer satisfaction, competitive rates, and expertise with various loan programs including specialized options for waterfront properties common in the Georgetown area.
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Howard Bank
Howard Bank (now part of Fulton Bank)
Howard Bank, now operating as Fulton Bank, maintains strong local presence throughout Maryland's Eastern Shore with dedicated mortgage specialists serving the Georgetown area. As a community-focused institution with deep regional roots, they offer competitive mortgage products and personalized service. Their local underwriting and decision-making capabilities allow for faster processing times, and their expertise with Maryland-specific property types makes them particularly well-suited for Georgetown's mix of rural, waterfront, and historic properties.
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Fulton Mortgage Company
Fulton Mortgage Company
Fulton Mortgage Company brings decades of mortgage lending expertise to the Georgetown area through their strong Eastern Shore presence. As part of a larger regional banking organization, they combine the resources of a major lender with the personalized service of a local community bank. They are particularly noted for their competitive construction and renovation loan programs, which are valuable in Georgetown's growing market. Their local loan officers have extensive knowledge of Worcester County real estate and provide comprehensive guidance through the entire mortgage process.
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Frequently Asked Questions
Common questions about mortgage lending in Georgetown, MD
What are the current mortgage rates like in Georgetown, MD compared to the state average?
Mortgage rates in Georgetown, MD are typically very competitive and often align closely with the Maryland state average. However, due to Georgetown's proximity to the Chesapeake Bay and its desirable rural-character, you may find that lenders offer attractive rates for properties meeting certain criteria. It's best to compare offers from both local credit unions and national lenders for the most favorable terms.
Are there any special loan programs for first-time homebuyers in Georgetown, MD?
Yes, Georgetown homebuyers can access Maryland Mortgage Program (MMP) options, which include down payment and closing cost assistance. Additionally, some local lenders may offer special programs for properties in Kent County. First-time buyers should consult with a mortgage advisor familiar with Maryland's statewide and county-specific initiatives to maximize available benefits.
How does Georgetown's location in a coastal area affect mortgage lending requirements?
Properties closer to the Chesapeake Bay or tributaries may require additional flood insurance, which lenders will factor into your debt-to-income ratio. Some waterfront or near-water properties might need specialized appraisals. It's important to work with a lender experienced in coastal Maryland properties to properly account for these location-specific requirements.
What unique closing costs should I expect when getting a mortgage in Georgetown, MD?
Beyond standard closing costs, Georgetown homebuyers should anticipate Maryland's state transfer and recordation taxes, which vary by county. Kent County also has local property taxes and possible agricultural transfer taxes if purchasing land. Your lender should provide a detailed breakdown of these location-specific fees early in the process.
How do Georgetown's rural character and agricultural properties affect mortgage options?
Financing for properties with acreage or agricultural elements in Georgetown may require specialized loan products beyond conventional mortgages. USDA loans can be an excellent option for eligible rural properties, while larger parcels might need agricultural or land loans. Working with lenders familiar with Kent County's property types is crucial for finding the right financing solution.
Why Choose a Mortgage Lender in Georgetown?
Local Market Knowledge
Lenders who understand Georgetown'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 Georgetown and get competitive rates on your home loan.