The Best Mortgage Lenders in Knoxville, MD
Compare verified mortgage lenders serving Knoxville, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Knoxville
Featured Mortgage Lenders
New American Funding
New American Funding, LLC
New American Funding is a top-rated mortgage lender known for its exceptional customer service and competitive rates, serving the Knoxville area through its Maryland offices. With over two decades of experience, they specialize in a wide range of loan products, including government-backed options, and have built a strong reputation for transparency and efficiency. Their high ratings stem from numerous positive reviews highlighting personalized service, quick closings, and expertise in handling diverse financial situations, making them a trusted choice for homebuyers in the region.
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Caliber Home Loans
Caliber Home Loans, Inc.
Caliber Home Loans is a highly reputable mortgage lender with a strong presence in Maryland, including service to Knoxville residents. Founded in 2008, they offer a comprehensive suite of loan options and are praised for their competitive rates and reliable customer support. Their extensive experience and focus on community engagement have earned them high customer satisfaction scores, with reviews often noting smooth application processes and helpful guidance for first-time homebuyers. As a nationally recognized lender with local expertise, they provide tailored solutions for various housing needs.
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Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group, LLC
Atlantic Bay Mortgage Group is a well-established regional lender serving the Knoxville area with over 28 years of experience and a commitment to customer-centric service. They are highly rated for their expertise in a variety of loan types and their ability to provide personalized mortgage solutions. Known for their strong community ties and efficient processing, they have garnered positive reviews for making the home financing process straightforward and stress-free. Their longevity and high customer feedback reflect their reliability and dedication to helping clients achieve their homeownership goals.
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Frequently Asked Questions
Common questions about mortgage lending in Knoxville, MD
What are the current mortgage rates like in Knoxville, MD compared to the rest of the state?
Mortgage rates in Knoxville, MD are generally competitive with statewide averages, but can be slightly influenced by the rural nature of Frederick County and proximity to the Baltimore-Washington corridor. Buyers should expect rates that align with Maryland's average, but working with a local lender who understands the specific appraisal considerations for properties with more land can be beneficial. It's wise to compare offers from both local credit unions and national lenders.
Are there any special mortgage programs for first-time homebuyers in Knoxville?
Yes, first-time homebuyers in Knoxville can utilize Maryland Mortgage Program (MMP) options, which offer competitive interest rates and down payment assistance. These programs are particularly valuable in Frederick County, where home prices have been rising. Additionally, some local lenders may offer specific products for professionals commuting to nearby cities like Baltimore or Washington, D.C.
How does Knoxville's rural location affect the mortgage process?
Knoxville's rural setting within Frederick County can impact appraisals, as comparable properties might be fewer and farther between than in urban areas. Lenders may require additional documentation for properties with wells and septic systems, which are common here. It's important to work with an appraiser and lender experienced with rural properties to ensure a smooth process.
What should I know about property taxes when getting a mortgage in Knoxville?
Knoxville homeowners pay Frederick County property taxes, which are among the more moderate rates in Maryland, currently around 1.06% of assessed value. Your mortgage lender will typically include these taxes in your monthly escrow payment. It's worth noting that property assessments in this area may reflect the value of larger land parcels common in Knoxville.
Are there specific mortgage considerations for buying historic properties in Knoxville?
Yes, purchasing historic homes in Knoxville may require specialized financing, as some properties in this area date back to the 18th and 19th centuries. Lenders might require additional inspections and higher repair reserves for older homes. While Knoxville doesn't have a local historic district, some properties may be eligible for Maryland historic tax credits, which can affect your overall financing strategy.
Nearby Cities
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Why Choose a Mortgage Lender in Knoxville?
Local Market Knowledge
Lenders who understand Knoxville'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 Knoxville and get competitive rates on your home loan.