The Best Mortgage Lenders in Millersville, MD
Compare verified mortgage lenders serving Millersville, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Millersville
Featured Mortgage Lenders
Jason Perkins
First Home Mortgage
First Home Mortgage is a top-rated regional lender with deep roots in Maryland, serving Millersville and the greater Baltimore-Annapolis corridor. With over 30 years of experience, they consistently earn exceptional ratings for their personalized service, competitive rates, and local market expertise. Their Columbia office location provides convenient access for Millersville residents, and they specialize in helping both first-time homebuyers and experienced homeowners with various loan programs including specialized Maryland state programs.
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Michael Sable
The Federal Savings Bank
The Federal Savings Bank maintains a strong presence throughout Maryland with dedicated local loan officers serving Millersville and surrounding communities. They are particularly noted for their expertise in VA loans and first-time homebuyer programs, with numerous customers praising their responsive service and smooth closing processes. Their hybrid model combines national lending power with local market knowledge, offering competitive rates and a wide range of mortgage products tailored to Maryland homebuyers' needs.
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Brian Bledsoe
Prosperity Home Mortgage, LLC
Prosperity Home Mortgage operates throughout Central Maryland with their Gambrills office conveniently located to serve Millersville residents. They have built a strong reputation for transparent communication, competitive pricing, and expertise in the local real estate market. As a direct lender with over 20 years of experience, they offer streamlined processing and underwriting, which often results in faster closings. Their loan officers are praised for their educational approach, helping borrowers understand all available options and making the mortgage process less stressful.
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Frequently Asked Questions
Common questions about mortgage lending in Millersville, MD
What are the current average mortgage rates for homebuyers in Millersville, MD?
Mortgage rates in Millersville typically align with national averages but can be influenced by local market competition. As of late 2023, 30-year fixed rates in Anne Arundel County generally range from 6.5% to 7.25%, though rates vary by lender, credit score, and loan type. Working with a local lender familiar with Millersville's market can help you secure competitive rates.
Are there any special first-time homebuyer programs available specifically in Millersville?
Yes, Millersville homebuyers can access Maryland Mortgage Program (MMP) options, which offer competitive interest rates and down payment assistance. Additionally, Anne Arundel County offers its own Homeownership Opportunity Program that provides closing cost assistance to eligible buyers. These programs are particularly valuable given Millersville's median home prices.
How does Millersville's proximity to Baltimore and Annapolis affect mortgage lending requirements?
Millersville's location in the Baltimore-Columbia-Towson metro area means lenders may apply slightly different underwriting standards compared to rural areas. Lenders often consider the strong local job market and commuting patterns to nearby employment centers favorably, which can help with debt-to-income ratio calculations and loan approval.
What unique closing costs should I expect when buying a home in Millersville?
Beyond standard closing costs, Millersville homebuyers should budget for Maryland's state transfer taxes (typically split between buyer and seller) and Anne Arundel County recordation taxes. You'll also encounter typical Maryland homeowner association fees if purchasing in one of Millersville's many planned communities, which can affect your debt-to-income ratio.
How competitive is the mortgage pre-approval process in Millersville's housing market?
Given Millersville's desirable location and competitive housing market, having a strong pre-approval is crucial. Local lenders familiar with Anne Arundel County's market can provide robust pre-approvals that stand out to sellers. Many successful buyers in Millersville work with lenders who offer quick underwriting turnarounds to compete effectively in this fast-moving market.
Why Choose a Mortgage Lender in Millersville?
Local Market Knowledge
Lenders who understand Millersville'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 Millersville and get competitive rates on your home loan.