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.
Available Loan Programs in Massey
Featured Mortgage Lenders
Howard Bank
Howard Bank
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.
Loan Types:
Bay Capital Mortgage
Bay Capital Mortgage Corp.
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.
Loan Types:
Caliber Home Loans
Caliber Home Loans, Inc.
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.
Loan Types:
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.
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.