The Best Mortgage Lenders in Highland, MD
Compare verified mortgage lenders serving Highland, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Highland
Featured Mortgage Lenders
New American Funding
New American Funding, LLC
New American Funding is a highly-rated mortgage lender with a strong local presence in the Howard County area, including Highland. They are renowned for their competitive rates, exceptional customer service, and extensive loan options tailored to first-time homebuyers and refinancers. With numerous positive reviews highlighting their efficient processing and knowledgeable staff, they have built a reputation for reliability and community involvement in Maryland.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-ranked mortgage lender known for its innovative digital platform and competitive pricing. They serve the Highland area through regional offices and have consistently high customer satisfaction ratings due to their streamlined application process, transparent communication, and wide range of loan products. Their experienced team specializes in navigating the Maryland housing market, making them a trusted choice for homebuyers.
Loan Types:
Atlantic Coast Mortgage
Atlantic Coast Mortgage, LLC
Atlantic Coast Mortgage is a highly-regarded regional lender with a strong footprint in the Mid-Atlantic, including service to Highland, MD. They excel in providing personalized mortgage solutions with a focus on customer care and competitive rates. Their team of local experts ensures a smooth home financing experience, backed by numerous positive reviews praising their responsiveness and expertise in Maryland's real estate landscape.
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Frequently Asked Questions
Common questions about mortgage lending in Highland, MD
What are the current mortgage rates like for homes in Highland, MD?
Mortgage rates in Highland are generally competitive with the national average but can be influenced by local market conditions. As of late 2023, rates for a 30-year fixed mortgage typically range from 6.5% to 7.5%, though this varies by lender and borrower qualifications. It's wise to compare offers from both local Maryland lenders and national institutions.
Are there any first-time homebuyer programs specific to Howard County or Highland that I should know about?
Yes, Howard County offers the "Housing Opportunities Fund" which provides down payment and closing cost assistance to eligible first-time homebuyers. Additionally, Maryland's statewide programs like the Maryland Mortgage Program (MMP) offer competitive rates and down payment assistance, which are accessible to Highland residents.
How does Highland's rural location and larger lot sizes affect mortgage lending?
Highland's rural character means many properties have larger lots, which can sometimes require specialized appraisals and may impact loan-to-value ratios. Lenders might scrutinize properties with well and septic systems more closely, so it's important to work with a lender experienced in rural Howard County properties.
What special considerations should I be aware of when getting a mortgage for one of Highland's older historic homes?
For Highland's historic properties, lenders may require additional inspections and might have stricter requirements for homes over 50 years old. You may need to consider renovation loans like the FHA 203(k) if updates are needed, and ensure the property meets current lending standards while preserving its historic character.
How competitive is the mortgage pre-approval process in Highland's housing market?
Given Highland's desirable location with good schools and rural atmosphere, the market can be competitive. A strong pre-approval from a reputable local lender is crucial, as sellers often prefer buyers who demonstrate solid financing readiness. Having your financial documents thoroughly prepared can give you an edge in multiple offer situations.
Nearby Cities
Explore mortgage lenders in cities near Highland, MD
Why Choose a Mortgage Lender in Highland?
Local Market Knowledge
Lenders who understand Highland'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 Highland and get competitive rates on your home loan.