The Best Mortgage Lenders in Hyattsville, MD
Compare verified mortgage lenders serving Hyattsville, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hyattsville
Featured Mortgage Lenders
First Financial Mortgage
First Financial Mortgage Corp.
First Financial Mortgage has been serving the Maryland and DC metro area for over two decades with exceptional customer service and competitive rates. They specialize in first-time homebuyer programs and offer personalized guidance through the entire mortgage process. Their high rating reflects their commitment to transparency and customer satisfaction, with many reviews praising their responsiveness and expertise in navigating complex loan scenarios. They have extensive experience with Maryland-specific programs and local market conditions.
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Prosperity Home Mortgage
Prosperity Home Mortgage, LLC
As a leading mortgage lender in the Mid-Atlantic region, Prosperity Home Mortgage has built a strong reputation for competitive rates and exceptional service in the Hyattsville area. They offer a wide range of loan products and have particular expertise in government-backed loans. Their local loan officers have deep knowledge of Prince George's County real estate market, and their streamlined digital process makes applying convenient while maintaining personal touchpoints throughout the transaction.
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NASA Federal Credit Union
NASA Federal Credit Union
While technically a credit union, NASA FCU operates one of the most respected mortgage lending divisions in the Hyattsville area. They offer highly competitive rates to members and have a strong local presence with their College Park branch conveniently located near Hyattsville. Their mortgage specialists provide personalized service and they're known for their first-time homebuyer programs and low closing costs. Membership is open to anyone who lives, works, worships, or attends school in several Maryland counties including Prince George's County.
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Frequently Asked Questions
Common questions about mortgage lending in Hyattsville, MD
What first-time homebuyer programs are available specifically in Hyattsville, MD?
Hyattsville homebuyers can access Maryland Mortgage Program (MMP) benefits, which often include competitive interest rates and down payment assistance. Additionally, Prince George's County offers its own "House Keys 4 Employees" program for county employees and the "5 Star Advantage" loan, which can be combined for significant savings. These programs are particularly valuable given Hyattsville's proximity to DC and its competitive housing market.
How do Hyattsville's property taxes affect my mortgage payments?
Hyattsville homeowners pay both Prince George's County property taxes (currently approximately 0.96%) and City of Hyattsville property taxes (approximately 0.56%), totaling around 1.52%. This combined rate is typically higher than many surrounding Maryland areas, so lenders will factor this into your monthly mortgage payment calculations, potentially affecting how much home you can qualify for compared to nearby cities.
Are there special mortgage considerations for buying a historic home in Hyattsville?
Yes, Hyattsville has several historic districts with specific preservation requirements. When financing historic properties, lenders may require additional inspections and sometimes higher insurance premiums. Some historic homes might qualify for Maryland Historic Rehabilitation Tax Credits, but you'll want to work with a lender experienced with Hyattsville's historic properties to navigate any special requirements.
What are current mortgage rates like for Hyattsville compared to the national average?
Hyattsville mortgage rates typically align closely with national averages but can be slightly higher due to Maryland's higher closing costs and transfer taxes. Currently, rates in Hyattsville might run 0.125% to 0.25% higher than national averages. However, Maryland's various first-time buyer programs can often offset this difference with more favorable terms for qualified buyers.
How does Hyattsville's competitive housing market impact mortgage pre-approval?
Given Hyattsville's hot market and frequent multiple-offer situations, having a strong pre-approval from a local Maryland lender is crucial. Sellers often prefer buyers using lenders familiar with Hyattsville's specific market dynamics and Maryland's settlement process. A robust pre-approval with local lender verification can make your offer more competitive against DC-area buyers also looking in Hyattsville.
Nearby Cities
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Why Choose a Mortgage Lender in Hyattsville?
Local Market Knowledge
Lenders who understand Hyattsville'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 Hyattsville and get competitive rates on your home loan.