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Perryville, MD

The Best Mortgage Lenders in Perryville, MD

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

3
Top Lenders
4.8
Avg Rating
720+
Reviews
11
Loan Types

Available Loan Programs in Perryville

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
Renovation
First-time Homebuyer
Construction-to-Permanent
HELOC

Featured Mortgage Lenders

1

Fulton Bank Mortgage

Fulton Bank, N.A.

★★★★☆
4.8/5

Fulton Bank stands out as one of the top regional mortgage lenders serving Perryville with exceptional local presence and deep community roots. With over 140 years of banking experience, they offer personalized mortgage services through their nearby Elkton branch, just minutes from Perryville. Customers consistently praise their competitive rates, transparent process, and knowledgeable local loan officers who understand the Cecil County market. Their strong regional presence ensures quick turnaround times and personalized attention that national lenders often lack.

Experience:25 years
Reviews:185 customer reviews
101 North Bridge Street, Elkton, MD 21921

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

First Home Mortgage

First Home Mortgage Corporation

★★★★☆
4.9/5

First Home Mortgage is consistently rated among Maryland's top mortgage lenders with an exceptional reputation for customer service and competitive rates. While headquartered in Lutherville, they actively serve the entire Maryland region including Perryville and Cecil County. Their team includes local mortgage experts who understand the specific needs of Perryville homebuyers. With decades of experience and numerous industry awards, they excel at guiding clients through complex mortgage scenarios while offering some of the most competitive rates in the Mid-Atlantic region.

Experience:30 years
Reviews:325 customer reviews
1302 Bellona Avenue, Lutherville, MD 21093

Loan Types:

ConventionalFHAVAUSDAJumboRenovationFirst-time Homebuyer
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3

M&T Bank Mortgage

M&T Bank Corporation

★★★★☆
4.7/5

M&T Bank maintains a strong physical presence in Cecil County with multiple branches conveniently located near Perryville, including their North East office just 10 minutes away. As one of the largest regional banks serving Maryland, they offer comprehensive mortgage products with the advantage of local decision-making and personalized service. Their mortgage specialists have extensive knowledge of the Perryville real estate market and provide competitive rate options with flexible terms. Customers appreciate their streamlined application process and the convenience of working with a bank that has deep roots in the community.

Experience:35 years
Reviews:210 customer reviews
8 South Main Street, North East, MD 21901

Loan Types:

ConventionalFHAVAUSDAConstruction-to-PermanentHELOC
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Frequently Asked Questions

Common questions about mortgage lending in Perryville, MD

What are the current mortgage rates like for homes in Perryville, MD?

Mortgage rates in Perryville typically align with national averages but can vary based on local lenders and property types. As of recent trends, Cecil County rates are competitive, often slightly lower than in larger Maryland metro areas. It's wise to compare offers from local credit unions like Cecil Federal and national lenders for the best terms.

Are there any first-time homebuyer programs specific to Perryville or Cecil County?

Yes, Cecil County offers the "Cecil County Homeownership Program," which provides down payment and closing cost assistance to eligible first-time buyers in Perryville. Additionally, Maryland's Mortgage Program (MMP) offers competitive rates and grants that apply to Perryville homes, helping buyers with moderate incomes achieve homeownership.

How does Perryville's proximity to I-95 and out-of-state commuters affect mortgage lending?

Perryville's location near I-95 and the Delaware/PA borders means some lenders may consider employment in neighboring states when qualifying borrowers. However, they'll still assess debt-to-income ratios based on Maryland's cost of living. Be prepared to provide proof of stable employment, especially if you commute to Wilmington, DE, or Philadelphia.

What should I know about property taxes and insurance when getting a mortgage in Perryville?

Perryville has Cecil County property taxes, which are relatively lower than many parts of Maryland—currently around 1.04% of assessed value. For insurance, lenders will require hazard coverage, and since Perryville is near the Susquehanna River, some areas may need flood insurance, which can impact your monthly mortgage payment.

Are there any local loan programs for buying fixer-uppers or older homes in Perryville?

Yes, the FHA 203(k) renovation loan is popular in Perryville for older homes needing updates, and some local lenders specialize in these. Additionally, Maryland's Community Development Administration (CDA) offers renovation loans for eligible buyers in targeted areas, which can include parts of Cecil County, helping you finance both purchase and repairs.

Nearby Cities

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Why Choose a Mortgage Lender in Perryville?

Local Market Knowledge

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