The Best Mortgage Lenders in Lisbon, MD
Compare verified mortgage lenders serving Lisbon, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Lisbon
Featured Mortgage Lenders
New American Funding
New American Funding, LLC
New American Funding is a top-rated mortgage lender known for its competitive rates, exceptional customer service, and efficient loan processing. With a strong presence in the Baltimore-Washington corridor, they specialize in a wide range of loan products, including programs for first-time homebuyers and diverse financial backgrounds. Their high ratings stem from personalized attention, quick turnaround times, and a commitment to community involvement in Maryland, making them a reliable choice for Lisbon residents.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is highly regarded for its fast closing times, personalized service, and strong local expertise in the Mid-Atlantic region. They offer a variety of loan options with a focus on customer satisfaction and community support. Their reputation is built on transparency, competitive rates, and a seamless application process, making them a popular choice for homebuyers in and around Lisbon, MD, with numerous positive reviews highlighting their reliability.
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Prosperity Home Mortgage
Prosperity Home Mortgage, LLC
As a division of Sandy Spring Bank, Prosperity Home Mortgage combines local knowledge with extensive experience, offering tailored mortgage solutions and competitive rates. They are praised for their dependable service, expertise in Maryland real estate, and commitment to customer education. With a focus on building long-term relationships, they provide comprehensive support throughout the homebuying process, earning high marks for trustworthiness and efficiency in serving the Lisbon area.
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Frequently Asked Questions
Common questions about mortgage lending in Lisbon, MD
What are the current mortgage rates like for homes in Lisbon, MD?
Mortgage rates in Lisbon typically align with national averages but can be influenced by local market conditions. Currently, rates for 30-year fixed mortgages in Howard County range from 6.5% to 7.5%, though individual rates depend on credit score, loan type, and down payment amount. Working with a local lender familiar with Lisbon's market can help secure competitive rates.
Are there any first-time homebuyer programs specific to Lisbon, MD?
Yes, Lisbon homebuyers can access Maryland Mortgage Program (MMP) options, which offer competitive interest rates and down payment assistance. Howard County also provides additional programs like the Moderately Priced Dwelling Unit (MPDU) program, though availability in Lisbon specifically may be limited. These programs can be particularly valuable given Lisbon's proximity to high-cost areas like Columbia and Baltimore.
How does Lisbon's rural location affect mortgage lending requirements?
Lisbon's semi-rural classification can impact lending, as some properties may require USDA rural development loans, which offer 100% financing. However, most of Lisbon falls just outside USDA eligibility boundaries, making conventional and FHA loans more common. Lenders may require additional inspections for properties with well and septic systems, which are typical in Lisbon.
What unique closing costs should I expect when buying a home in Lisbon?
Lisbon homebuyers should budget for Howard County transfer taxes and recordation taxes, which typically total 1-1.5% of the purchase price. Additionally, properties with well and septic systems often require more extensive inspections ($500-$800) than urban properties. Title insurance and lender fees are generally consistent with statewide averages.
How competitive is the mortgage pre-approval process in Lisbon's housing market?
Given Lisbon's desirable location between Baltimore and Washington D.C., the market remains competitive, making strong pre-approval essential. Local lenders recommend having pre-approval letters specifically referencing Lisbon properties and being prepared for quick offers. Sellers often prefer buyers using local Maryland lenders who understand the state's specific closing processes and timelines.
Why Choose a Mortgage Lender in Lisbon?
Local Market Knowledge
Lenders who understand Lisbon'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 Lisbon and get competitive rates on your home loan.