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Massey, MD

The Best Mortgage Lenders in Massey, MD

Compare verified mortgage lenders serving Massey, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.

3
Top Lenders
4.5
Avg Rating
570+
Reviews
6
Loan Types

Available Loan Programs in Massey

Conventional
FHA
VA
Jumbo
Refinance
USDA

Featured Mortgage Lenders

1

Howard Bank

Howard Bank

★★★★☆
4.3/5

Howard Bank is a highly-rated community bank with a strong presence on Maryland's Eastern Shore, including Kent County where Massey is located. Known for personalized service and competitive mortgage rates, they offer a variety of loan products tailored to local homeowners. Their long-standing reputation and focus on customer satisfaction make them a top choice for mortgages in the area.

Experience:19 years
Reviews:150 customer reviews
100 Cross Street, Chestertown, MD 21620

Loan Types:

ConventionalFHAVAJumboRefinance
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2

Bay Capital Mortgage

Bay Capital Mortgage Corp.

★★★★☆
4.7/5

Bay Capital Mortgage is a premier mortgage lender serving Maryland, including rural areas like Massey. With exceptional customer reviews highlighting their expertise and responsive service, they provide a comprehensive range of loan options. Their two decades of experience and commitment to transparent lending practices ensure reliable support for homebuyers in the region.

Experience:20 years
Reviews:120 customer reviews
11140 Rockville Pike, Rockville, MD 20852

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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3

Caliber Home Loans

Caliber Home Loans, Inc.

★★★★☆
4.5/5

Caliber Home Loans is a nationally recognized lender with a strong presence in Maryland, offering competitive rates and a user-friendly mortgage process. They excel in serving diverse communities, including Massey, with a focus on customer education and support. Their high ratings and extensive loan options make them a trusted choice for homeowners seeking flexibility and reliability.

Experience:15 years
Reviews:300 customer reviews
5000 Riverside Drive, Irving, TX 75039

Loan Types:

ConventionalFHAVAUSDAJumboRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Massey, MD

What are the current typical mortgage rates for homebuyers in Massey, MD?

Mortgage rates in Massey generally align with national averages but can vary based on property type and location within Kent County. Currently, 30-year fixed rates are typically in the 6.5-7% range, though rural properties might see slightly higher rates. Working with a local lender familiar with Massey's market can help secure the most competitive rates for your specific situation.

Are there any special mortgage programs for first-time homebuyers in Massey?

Yes, Maryland offers several first-time homebuyer programs that apply to Massey, including the Maryland Mortgage Program (MMP) with competitive interest rates and down payment assistance. Given Massey's rural character, USDA loans are also popular here as they offer 100% financing for eligible borrowers in designated rural areas, which includes much of Kent County.

How does Massey's rural location affect the mortgage process?

Massey's rural setting can impact appraisals since comparable properties may be farther apart, potentially requiring specialized appraisers familiar with Kent County's rural market. Additionally, some lenders may have stricter requirements for properties with wells and septic systems, which are common in Massey. It's wise to work with lenders experienced in rural Maryland properties.

What should I know about property taxes when getting a mortgage in Massey?

Kent County, where Massey is located, has relatively moderate property tax rates compared to urban Maryland areas, currently around 1.014% of assessed value. Your mortgage lender will typically escrow for property taxes, and it's important to note that agricultural preservation areas in Massey may qualify for tax credits that could lower your overall housing costs.

Are there any local down payment assistance programs specific to Massey homebuyers?

While Massey itself doesn't have city-specific programs, Kent County offers the Settlement Expense Loan Program (SELP) that provides up to $5,000 in down payment assistance. Additionally, the Maryland SmartBuy program can help buyers with student debt purchase homes in Massey. These programs are particularly valuable given Massey's proximity to more expensive Chester-town and Chestertown markets.

Mortgage Insights

Finding Your Path to Rural Homeownership: USDA Approved Lenders Near Massey, MD

If you're dreaming of buying a home in the peaceful, scenic areas around Massey, Maryland, you may have discovered a fantastic opportunity: the USDA Rural Development loan. This government-backed mortgage program offers 100% financing—meaning no down payment—for eligible buyers in designated rural areas. For many, it's the key to unlocking homeownership in our beautiful part of Queen Anne's County. But the first, crucial step is connecting with the right USDA approved lender.

In Massey and the surrounding Eastern Shore communities, the USDA loan is particularly relevant. The program is designed for areas with smaller populations, and much of our region qualifies. This makes it a powerful tool for teachers, healthcare workers, first responders, and families looking to put down roots in a community with more space and a quieter pace than urban centers. When you search for "USDA approved lenders near me," you're not just looking for any mortgage company. You need a lender with specific, proven experience processing these unique loans. Their expertise can mean the difference between a smooth closing and a frustrating denial.

Your search should start locally. While many national banks are USDA approved, a local Maryland lender or a trusted mortgage broker with deep state-specific knowledge can be invaluable. They understand the nuances of our local real estate market, from well water and septic systems common in Massey to navigating county-specific inspections. They can accurately assess if a property you love in Kent Island, Stevensville, or Grasonville falls within the USDA's eligible boundary map, which can have surprising pockets.

Here is your actionable plan: First, verify your eligibility. USDA loans have income limits based on your household size and the county median. For Queen Anne's County, these limits are generous but firm. A good lender will help you calculate this upfront. Next, get pre-approved with a knowledgeable lender. This pre-approval will show sellers you're a serious, qualified buyer in our competitive market. Ask potential lenders pointed questions: "How many USDA loans have you closed in the last year?" and "Can you walk me through the USDA's property requirements specific to Maryland?"

Remember, the USDA itself does not lend money; it guarantees the loan made by your approved lender. Partnering with a lender who expertly navigates this guarantee process is essential. They will handle the specific appraisal (called a USDA RD Assessment) and ensure all paperwork meets the strict program guidelines.

Finally, explore complementary state resources. Maryland offers additional homebuyer assistance programs, like the Maryland Mortgage Program (MMP), which can sometimes be paired with a USDA loan for help with closing costs. A top-tier local lender will be familiar with these state-specific opportunities.

Buying a home in Massey represents a lifestyle choice centered on community, nature, and tranquility. By finding a truly experienced USDA approved lender, you're not just getting a mortgage—you're gaining a guide who can expertly navigate the path to making your piece of the Eastern Shore a reality. Start your search with a focus on local expertise, and you'll be well on your way to calling Massey home.

Nearby Cities

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Why Choose a Mortgage Lender in Massey?

Local Market Knowledge

Lenders who understand Massey'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 Massey and get competitive rates on your home loan.