The Best Mortgage Lenders in Lexington Park, MD
Compare verified mortgage lenders serving Lexington Park, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lexington Park
Featured Mortgage Lenders
John Fitzgerald
Bay Capital Mortgage
Bay Capital Mortgage is a highly-rated local mortgage broker serving Southern Maryland with exceptional expertise in military and government employee lending. Their Lexington Park area location makes them particularly knowledgeable about Navy Federal Credit Union and Patuxent River Naval Air Station personnel needs. They consistently receive perfect 5-star reviews for their personalized service, competitive rates, and expertise with VA loans. Their team has deep roots in St. Mary's County and understands the unique Southern Maryland housing market dynamics.
Loan Types:
Michael Thompson
First Home Mortgage
First Home Mortgage is a regional powerhouse with strong presence throughout Maryland, including dedicated service to Lexington Park and Southern Maryland communities. They maintain an excellent reputation for competitive rates and streamlined processing. Their experienced loan officers specialize in first-time homebuyer programs and Maryland-specific mortgage products. With over 30 years in business, they've built trust through consistent service quality and local market expertise across the Chesapeake region.
Loan Types:
Robert Hernandez
NASA Federal Credit Union
NASA Federal Credit Union serves the broader Southern Maryland community including Lexington Park residents, with particular expertise serving government and defense industry employees. While technically a credit union, they operate a full-service mortgage division with highly competitive rates for members. Their strong local presence and understanding of the Patuxent River Naval Air Station community make them a top choice. They excel in customer service with personalized attention throughout the loan process and offer special benefits for credit union members.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Lexington Park, MD
What are the current mortgage rates like in Lexington Park, MD, and how do they compare to the national average?
Mortgage rates in Lexington Park are generally competitive with national averages, but can be slightly influenced by the local market's connection to the Patuxent River Naval Air Station. Rates often reflect the stability of government and defense-related employment in the area. It's advisable to compare offers from both local lenders familiar with the base housing market and national institutions.
Are there any special mortgage programs for first-time homebuyers in Lexington Park?
Yes, Maryland offers several programs, like the Maryland Mortgage Program (MMP), which provides competitive interest rates and down payment assistance grants for eligible first-time buyers in Lexington Park. Given the area's proximity to the naval base, some lenders may also offer specialized programs or guidance for military and civilian personnel stationed at PAX River.
How does the presence of the Patuxent River Naval Air Station impact the Lexington Park mortgage and housing market?
The naval base creates a stable, high-demand housing market driven by military personnel, government employees, and contractors, which can lead to competitive home prices and steady property values. Lenders in the area are often experienced with VA loans and understand the unique financial situations of military families, making the mortgage process smoother for those affiliated with the base.
What should I know about property taxes and insurance when getting a mortgage in Lexington Park?
St. Mary's County, where Lexington Park is located, has property tax rates that are moderate compared to other parts of Maryland, which can affect your overall monthly mortgage payment. Additionally, due to the area's proximity to the Chesapeake Bay and potential for flooding in some zones, lenders may require specific flood insurance, which should be factored into your budget.
Are there any local down payment assistance programs available for homebuyers in Lexington Park?
In addition to state programs like the MMP, St. Mary's County may offer local assistance or grants for qualifying homebuyers, particularly those with low to moderate incomes. It's also worth checking with local credit unions and community banks, as they sometimes provide special incentives or partnerships to support homeownership in the Lexington Park area.
Nearby Cities
Explore mortgage lenders in cities near Lexington Park, MD
Why Choose a Mortgage Lender in Lexington Park?
Local Market Knowledge
Lenders who understand Lexington Park'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 Lexington Park and get competitive rates on your home loan.