The Best Mortgage Lenders in HHS, MD
Compare verified mortgage lenders serving HHS, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in HHS
Featured Mortgage Lenders
First Source Mortgage
First Source Mortgage
First Source Mortgage is a highly-rated local mortgage broker serving the entire Howard County area including HHS. With over two decades of experience, they've built an exceptional reputation for personalized service and competitive rates. They specialize in working with first-time homebuyers and offer a comprehensive range of loan products. Their 4.9-star rating across multiple review platforms reflects their commitment to customer satisfaction and smooth closing processes.
Loan Types:
Sandy Spring Bank
Sandy Spring Bank
As one of Maryland's oldest and most established financial institutions, Sandy Spring Bank has a strong presence throughout central Maryland including Howard County. They offer competitive mortgage rates and a wide variety of loan options with the personalized service of a community bank. Their mortgage team includes local experts who understand the HHS area market specifically. The bank's long history and 4.7-star rating demonstrate their reliability and customer-focused approach.
Loan Types:
First Home Mortgage
First Home Mortgage Corporation
First Home Mortgage is a regional leader with extensive experience serving Maryland homebuyers, including the HHS area in Howard County. They combine the resources of a large lender with the personalized service of a local broker. Specializing in various mortgage programs including first-time homebuyer assistance, they've maintained excellent customer satisfaction ratings. Their 4.8-star rating and three decades of operation make them a trusted choice for Maryland residents seeking reliable mortgage services.
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Frequently Asked Questions
Common questions about mortgage lending in HHS, MD
What are the current mortgage rates like in HHS, MD compared to the rest of Maryland?
Mortgage rates in HHS are generally competitive with statewide averages, but can be slightly influenced by local market demand and property types prevalent in the area. As of late 2023, rates for 30-year fixed mortgages in Howard County typically range from 6.5% to 7.25%, though this varies by lender and borrower qualifications. It's advisable to compare offers from both local credit unions and national lenders serving the HHS area.
Are there any special first-time homebuyer programs available specifically for HHS residents?
Yes, HHS residents have access to Maryland Mortgage Program (MMP) options, which include competitive interest rates and down payment assistance grants. Additionally, Howard County offers its own Employee Homeownership Program for county employees, and some lenders provide special programs for buyers in targeted areas of the county. These programs can be particularly valuable given HHS's proximity to high-cost employment centers.
How does being part of the Howard County Public School System affect mortgage lending in HHS?
The highly-rated Howard County schools significantly impact property values and mortgage considerations in HHS. Lenders often view properties in strong school districts as lower risk, which can sometimes translate to more favorable loan terms. However, buyers should be prepared for higher home prices and potentially stricter appraisal requirements due to the premium associated with the school district.
What unique closing costs should I expect when getting a mortgage in HHS, MD?
In addition to standard Maryland closing costs, HHS homebuyers should budget for Howard County-specific fees including recordation taxes (approximately 1% of purchase price), transfer taxes, and county-specific environmental fees. Given HHS's location within Howard County's growth corridor, some newer developments may also include additional community development charges that lenders will need to account for in your loan package.
How do HHS's proximity to Fort Meade and Columbia impact mortgage qualification requirements?
The area's strong employment base with Fort Meade, NSA, and Columbia employers means lenders may offer more flexible debt-to-income ratios for borrowers with stable government or tech employment. Many lenders in the HHS area are familiar with VA loans and special programs for military and federal employees, though buyers should still expect thorough income verification given the region's competitive housing market.
Why Choose a Mortgage Lender in HHS?
Local Market Knowledge
Lenders who understand HHS'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 HHS and get competitive rates on your home loan.