The Best Mortgage Lenders in Huntingtown, MD
Compare verified mortgage lenders serving Huntingtown, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Huntingtown
Featured Mortgage Lenders
Calvert Mortgage
Calvert Mortgage & Financial Services, LLC
Calvert Mortgage is a highly respected local mortgage broker serving Huntingtown and all of Calvert County with exceptional personalized service. With over two decades of experience, they have built an outstanding reputation for competitive rates and guiding borrowers through complex mortgage processes. Their deep knowledge of Southern Maryland's real estate market and strong relationships with local real estate professionals make them a top choice for Huntingtown residents seeking customized mortgage solutions with a community-focused approach.
Loan Types:
Presidential Bank Mortgage
Presidential Bank, FSB
Presidential Bank has been serving Maryland homeowners for over three decades with a strong focus on the Washington DC metro area including Huntingtown. They combine the stability of an established bank with the personalized service of a local lender, offering competitive rates and a wide range of mortgage products. Their experienced loan officers provide dedicated support throughout the entire mortgage process, and they have particular expertise in jumbo loans and construction financing for Southern Maryland's unique housing market.
Loan Types:
New American Funding
New American Funding
New American Funding is a national mortgage lender with a strong local presence in Maryland, serving Huntingtown residents with exceptional efficiency and competitive rates. They are particularly noted for their innovative technology platform that streamlines the application process and their diverse loan programs that cater to various financial situations. With a commitment to community lending and excellent customer service ratings, they have become a preferred choice for many Southern Maryland homeowners seeking reliable mortgage solutions with nationwide resources but local expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Huntingtown, MD
What are the current mortgage rates like in Huntingtown, MD?
Mortgage rates in Huntingtown typically align with national averages but can vary based on local market conditions and lender competition. As of recent trends, rates for 30-year fixed mortgages in Calvert County generally range from the mid-6% to low-7% range, though this fluctuates regularly. Working with a local lender who understands Huntingtown's specific market can help you secure the most competitive rate available.
Are there any first-time homebuyer programs specific to Huntingtown or Calvert County?
Yes, the Maryland Mortgage Program (MMP) offers several options for Huntingtown homebuyers, including down payment assistance and favorable loan terms. Additionally, Calvert County offers a Property Tax Credit for homeowners that can provide ongoing savings. These programs are particularly valuable in Huntingtown where home prices have been steadily increasing in recent years.
How does Huntingtown's rural character affect mortgage lending requirements?
Huntingtown's semi-rural nature means some properties may have well and septic systems rather than public utilities, which can affect loan approval. Lenders typically require well and septic inspections, and properties must meet certain distance requirements from public water and sewer systems. USDA loans can be an excellent option here since much of Huntingtown qualifies for rural development loans with zero down payment.
What unique closing costs should I expect when buying a home in Huntingtown?
In addition to standard closing costs, Huntingtown homebuyers should budget for Calvert County-specific fees including recordation taxes and transfer taxes that total approximately 1.2% of the purchase price. Well and septic inspections typically cost $400-$600 combined, and you may encounter higher title insurance costs due to the area's historical land records system.
How do I qualify for a mortgage given Huntingtown's higher-than-average home prices?
With Huntingtown's median home price above the state average, lenders will closely examine debt-to-income ratios and may require stronger credit profiles. Many local lenders are experienced with jumbo loans, which are common for Huntingtown's higher-priced properties. Consider working with a mortgage broker who has experience with Calvert County's specific market dynamics and can help structure your loan appropriately.
Nearby Cities
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Why Choose a Mortgage Lender in Huntingtown?
Local Market Knowledge
Lenders who understand Huntingtown'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 Huntingtown and get competitive rates on your home loan.