The Best Mortgage Lenders in Quantico, MD
Compare verified mortgage lenders serving Quantico, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Quantico
Featured Mortgage Lenders
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group
Atlantic Bay Mortgage Group is a highly-rated regional lender with a strong presence on Maryland's Eastern Shore, including service to Quantico. Known for exceptional customer service and competitive rates, they have built a reputation over 28 years for handling a wide range of loan types with efficiency. Their local office in Salisbury ensures personalized attention, and they consistently receive high marks for transparency and support throughout the mortgage process, making them a top choice for homebuyers in the area.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong track record of serving Maryland communities, including Quantico. Founded in 2003, they offer a diverse portfolio of loan products and are praised for their competitive rates, innovative online tools, and dedicated customer support. With high ratings across review platforms, they excel in helping first-time homebuyers and those with unique financial situations, backed by a commitment to community engagement and reliable service.
Loan Types:
Caliber Home Loans
Caliber Home Loans
Caliber Home Loans is a reputable national lender with a significant presence in Maryland, offering reliable mortgage services to Quantico residents. Established in 2008, they are known for their flexible loan options, including renovation loans, and have earned high customer satisfaction ratings for their streamlined processes and supportive loan officers. Their focus on education and guidance helps borrowers navigate the mortgage journey with confidence, making them a trusted option for both purchase and refinance needs.
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Frequently Asked Questions
Common questions about mortgage lending in Quantico, MD
Are there any special mortgage programs for first-time homebuyers in Quantico, MD?
Yes, Maryland offers several first-time homebuyer programs that are accessible in Quantico, including the Maryland Mortgage Program (MMP) which provides competitive interest rates and down payment assistance. Additionally, the Maryland SmartBuy program can help buyers with student debt. These programs are particularly valuable in Wicomico County where median home prices remain accessible.
How do property taxes in Quantico, MD affect my mortgage payments?
Wicomico County, where Quantico is located, has a property tax rate that is typically lower than the Maryland state average, currently around $0.932 per $100 of assessed value. This means your monthly mortgage escrow payment for taxes will be more affordable compared to many other Maryland areas, though you should still verify the exact assessment for your specific property.
What types of properties are most common for mortgage lending in Quantico?
Quantico primarily features single-family homes and manufactured homes, which are both eligible for conventional, FHA, and VA loans. Given the rural nature of the area, USDA loans are also popular for eligible properties, offering 100% financing. It's important to work with a lender familiar with Wicomico County's specific property types and appraisal requirements.
Are mortgage rates different in Quantico compared to nearby Salisbury?
Mortgage rates in Quantico are generally consistent with rates throughout Wicomico County and the broader Salisbury metropolitan statistical area. However, some local lenders may offer slightly different terms based on their assessment of the specific Quantico market. It's always wise to compare offers from both local and national lenders serving the Eastern Shore region.
What should I know about flood insurance requirements for mortgages in Quantico?
Given Quantico's proximity to the Wicomico River and coastal areas, many properties require flood insurance, which will be mandatory for your mortgage if you're in a designated flood zone. Even if not required, it's often recommended due to the area's flood risk. Your lender will help determine this requirement during the appraisal process, but you should budget for this additional cost.
Why Choose a Mortgage Lender in Quantico?
Local Market Knowledge
Lenders who understand Quantico'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 Quantico and get competitive rates on your home loan.