The Best Mortgage Lenders in Owings Mills, MD
Compare verified mortgage lenders serving Owings Mills, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Owings Mills
Featured Mortgage Lenders
Michael B. Rothenberg
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Owings Mills branch, led by Michael Rothenberg, is consistently rated among the top mortgage lenders in the Baltimore area. With over 15 years of experience, this local team specializes in personalized service and offers competitive rates across all loan types. They are particularly noted for their expertise with first-time homebuyer programs and government loans, with numerous reviews highlighting their responsiveness and ability to close loans quickly. Their strong community presence and extensive local market knowledge make them a top choice for Owings Mills residents.
Loan Types:
Bay Capital Mortgage
Bay Capital Mortgage Corporation
Bay Capital Mortgage has built an exceptional reputation in the Owings Mills community since 2006, specializing in creative financing solutions for diverse borrower needs. With nearly two decades of experience, they excel at handling complex financial situations and offer personalized guidance throughout the mortgage process. Their team of local experts is praised for deep market knowledge and ability to secure competitive rates. Customer reviews consistently highlight their transparency, communication, and commitment to finding the right loan product for each client's unique circumstances.
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Sandy Spring Bank Mortgage
Sandy Spring Bank
As a longstanding regional financial institution with deep roots in Maryland, Sandy Spring Bank's Owings Mills mortgage center offers the perfect blend of local expertise and institutional stability. With over 150 years of banking experience, they provide comprehensive mortgage services backed by the security of a full-service bank. Their mortgage team receives high marks for competitive rates, particularly on conventional and jumbo loans, and their seamless integration with banking services. Customers appreciate the personalized attention from local loan officers combined with the resources of an established Maryland-based financial institution.
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Frequently Asked Questions
Common questions about mortgage lending in Owings Mills, MD
What are the current mortgage rates like in Owings Mills, MD?
Mortgage rates in Owings Mills are competitive with national averages but can vary based on the specific lender and your financial profile. Local credit unions like SECU often offer competitive rates for Maryland residents. It's wise to compare offers from both local and national lenders to secure the best rate for your situation.
Are there any first-time homebuyer programs specific to Owings Mills or Maryland that I should know about?
Yes, Maryland offers several beneficial programs for first-time homebuyers, such as the Maryland Mortgage Program (MMP), which provides competitive interest rates and down payment assistance. Baltimore County, where Owings Mills is located, may also have additional local grants or programs, so consulting with a local mortgage advisor familiar with the area is highly recommended.
How does Owings Mills' proximity to Baltimore affect my mortgage and homebuying process?
Owings Mills' location in Baltimore County offers a suburban lifestyle with easy access to Baltimore's employment centers, which can be attractive to lenders. This can sometimes result in favorable loan terms, but it's important to consider property taxes and insurance costs, which can be higher than in more rural parts of Maryland. Your debt-to-income ratio will be scrutinized based on the local cost of living.
What should I know about property taxes in Owings Mills when applying for a mortgage?
Owings Mills property taxes are set by Baltimore County, with a current rate of approximately 1.1% of the assessed value. Lenders will factor this into your monthly escrow payments, so it's important to budget accordingly. Be sure to get an accurate estimate of taxes for any specific property, as they can vary based on exact location and home value.
Are there any local down payment assistance programs available for buyers in Owings Mills?
Yes, in addition to state programs like the MMP, Baltimore County offers the Purchase with Rehab Program, which can help with down payment and closing costs for eligible buyers in designated areas, which may include parts of Owings Mills. Working with a lender experienced in these local programs can help you identify and qualify for the best assistance options.
Nearby Cities
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Why Choose a Mortgage Lender in Owings Mills?
Local Market Knowledge
Lenders who understand Owings Mills'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 Owings Mills and get competitive rates on your home loan.