The Best Mortgage Lenders in Oxon Hill, MD
Compare verified mortgage lenders serving Oxon Hill, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Oxon Hill
Featured Mortgage Lenders
Sandy Spring Bank Mortgage
Sandy Spring Bank
Sandy Spring Bank stands out as the premier local mortgage lender in Oxon Hill with deep community roots spanning over 150 years. As a Maryland-based institution with a physical branch in Oxon Hill, they offer personalized service and local underwriting expertise. Their mortgage team specializes in Prince George's County real estate and provides competitive rates with flexible loan options including specialized programs for first-time homebuyers. Customers consistently praise their responsive communication, smooth closing processes, and exceptional local market knowledge that makes them a top choice for Oxon Hill residents.
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Prosperity Home Mortgage
Prosperity Home Mortgage, LLC
Prosperity Home Mortgage has built an outstanding reputation throughout the Washington D.C. metropolitan area, including dedicated service to Oxon Hill homebuyers. With three decades of experience and hundreds of positive reviews, their local loan officers are praised for their expertise in Maryland-specific mortgage programs and competitive rate offerings. They excel at guiding borrowers through complex loan scenarios and are particularly noted for their efficient processing and closing coordination. Their strong relationships with local real estate professionals make them a trusted partner for Oxon Hill home purchases and refinances.
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Atlantic Coast Mortgage
Atlantic Coast Mortgage, LLC
Atlantic Coast Mortgage has established itself as one of the highest-rated mortgage lenders serving the entire Maryland and D.C. region, including Oxon Hill. With over 300 excellent reviews, they're celebrated for their competitive rates, transparent communication, and expert guidance through the mortgage process. Their team includes specialists familiar with Prince George's County housing market dynamics and specific loan programs beneficial to Oxon Hill residents. They're particularly noted for their digital mortgage experience combined with personalized service, making them a top choice for tech-savvy homebuyers seeking a smooth, efficient lending process.
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Frequently Asked Questions
Common questions about mortgage lending in Oxon Hill, MD
What are the current mortgage rates like for homebuyers in Oxon Hill, MD?
Mortgage rates in Oxon Hill typically align with national averages but can vary based on lender competition in the Washington D.C. metro area. Currently, rates range from 6.5% to 7.5% for 30-year fixed mortgages, with local credit unions often offering competitive rates. It's wise to compare offers from multiple Maryland lenders as rates can differ by 0.25% or more.
Are there any special first-time homebuyer programs available in Oxon Hill?
Yes, Oxon Hill homebuyers can access Maryland Mortgage Program (MMP) options, which include down payment assistance grants and favorable loan terms. Prince George's County also offers the "House Keys 4 Employees" program providing down payment assistance for county employees and teachers. These programs are particularly valuable given Oxon Hill's median home prices.
How does being in a high-cost area affect mortgage lending in Oxon Hill?
Oxon Hill is part of the Washington-Arlington-Alexandria HUD metro area, allowing for higher conforming loan limits of $1,149,825 for 2024. This means buyers can access conventional financing for higher-priced homes without needing jumbo loans. However, property taxes and insurance costs tend to be higher than national averages, affecting overall housing payment calculations.
What should I know about property taxes when getting a mortgage in Oxon Hill?
Prince George's County property taxes in Oxon Hill currently run approximately 0.96% of assessed value, which lenders factor into your debt-to-income ratio. The county offers a Homestead Tax Credit that caps annual assessment increases, providing payment stability. Your mortgage lender will help estimate these costs and ensure proper escrow account funding.
Are there any neighborhood-specific mortgage considerations in Oxon Hill?
Yes, some Oxon Hill neighborhoods may qualify for special lending programs, particularly areas near National Harbor or newer developments. Lenders may have specific requirements for properties in flood zones near the Potomac River, potentially requiring additional insurance. It's important to work with a local lender familiar with Oxon Hill's varied neighborhood characteristics and property types.
Nearby Cities
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Why Choose a Mortgage Lender in Oxon Hill?
Local Market Knowledge
Lenders who understand Oxon Hill'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 Oxon Hill and get competitive rates on your home loan.