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Queen Anne, MD

The Best Mortgage Lenders in Queen Anne, MD

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

3
Top Lenders
4.8
Avg Rating
429+
Reviews
11
Loan Types

Available Loan Programs in Queen Anne

Conventional
FHA
VA
USDA
Jumbo
Refinance
Construction
First-time Homebuyer
Home Equity
ARM
Investment Properties

Featured Mortgage Lenders

1

Fulton Bank Mortgage

Fulton Bank, N.A.

★★★★☆
4.8/5

Fulton Bank has been serving Maryland communities for over 140 years and maintains a strong presence in Queen Anne's County. Their Centreville location is just minutes from Queen Anne and offers personalized mortgage services with local decision-making. They are particularly noted for their competitive construction and renovation loan programs, which are valuable in this historic area. Customers consistently praise their knowledgeable loan officers and streamlined application process.

Experience:15 years
Reviews:125 customer reviews
101 Coursevall Drive, Centreville, MD 21617

Loan Types:

ConventionalFHAVAUSDAJumboRefinanceConstruction
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2

Shore United Bank

Shore United Bank

★★★★☆
4.7/5

As a community-focused bank deeply rooted in the Eastern Shore region, Shore United Bank has extensive experience serving Queen Anne's County residents. Their Easton branch is conveniently located to serve Queen Anne homeowners and offers specialized knowledge of the local real estate market. They are particularly strong in first-time homebuyer programs and offer competitive rates for both purchase and refinance transactions. Their local underwriting team ensures quick turnaround times.

Experience:12 years
Reviews:89 customer reviews
101 North Washington Street, Easton, MD 21601

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinanceHome Equity
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3

First Home Mortgage

First Home Mortgage Corporation

★★★★☆
4.9/5

First Home Mortgage is one of Maryland's top-rated independent mortgage lenders with a strong reputation across the entire state, including Queen Anne's County. They consistently receive exceptional reviews for their responsive service and competitive rates. As a direct lender, they control the entire lending process in-house, which often results in faster closings. Their experienced loan officers specialize in Maryland's unique mortgage programs and have deep knowledge of the Eastern Shore market dynamics.

Experience:18 years
Reviews:215 customer reviews
190 Admiral Cochrane Drive, Annapolis, MD 21401

Loan Types:

ConventionalFHAVAUSDAJumboARMRefinanceInvestment Properties
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Frequently Asked Questions

Common questions about mortgage lending in Queen Anne, MD

What are the current mortgage rates like in Queen Anne, MD?

Mortgage rates in Queen Anne are generally competitive with national averages but can be influenced by local market conditions. As of late 2024, rates for 30-year fixed mortgages typically range from 6.5% to 7.25% for qualified buyers. It's best to check with local lenders who understand Queen Anne's specific market dynamics for the most accurate rates.

Are there any first-time homebuyer programs specific to Queen Anne?

Yes, Queen Anne homebuyers can access Maryland Mortgage Program (MMP) benefits, which include down payment assistance and competitive interest rates. Additionally, Queen Anne's location in Queen Anne's County may make you eligible for certain rural development loans, though the town itself doesn't qualify for USDA direct loans. Local lenders can help you navigate these options.

How does Queen Anne's historic district affect mortgage lending?

If you're purchasing in Queen Anne's historic district, lenders may require additional inspections and appraisals to ensure the property meets preservation standards. Some lenders might have stricter requirements for older homes, particularly regarding electrical, plumbing, and structural elements. It's important to work with a lender experienced in historic property financing.

What unique closing costs should I expect when buying in Queen Anne?

Beyond standard closing costs, Queen Anne homebuyers should budget for county transfer taxes and recordation fees specific to Queen Anne's County. You may also encounter higher title insurance costs due to the area's older properties and complex title histories. Local settlement companies familiar with Queen Anne can provide detailed estimates.

How competitive is the mortgage pre-approval process in Queen Anne's housing market?

Given Queen Anne's desirable small-town charm and proximity to larger cities, the market can be competitive. A strong pre-approval from a local lender who understands the area's market dynamics is crucial. Many sellers prefer buyers using established Maryland lenders who can provide reliable closing timelines in this competitive environment.

Mortgage Insights

Finding Your Perfect Match: Why a Local Home Loan Broker is Your Queen Anne Advantage

Searching for a "home loan broker near me" in Queen Anne, Maryland, is more than just a convenience—it's a strategic move for navigating our unique slice of the Eastern Shore. While online lenders are everywhere, a local broker brings irreplaceable insight into Queen Anne's specific market dynamics, from historic homes near the courthouse to newer developments with more land. They understand that buying here isn't just about a house; it's about investing in a close-knit, small-town community with deep roots and its own rhythm.

A broker based in or familiar with Queen Anne's housing market offers distinct advantages. They have firsthand knowledge of property values in different neighborhoods and how homes are appraised in our area, which can be crucial for older properties common in Talbot County. They can advise on what local sellers and listing agents expect, helping you craft a competitive offer that stands out. Perhaps most importantly, they understand the financial profiles of buyers drawn to Queen Anne—whether you're a first-time buyer, a professional commuting across the Bay Bridge, or looking for a peaceful retirement spot.

On a practical level, a Maryland-based broker is your gateway to state-specific homebuyer programs that can make homeownership more accessible. They can expertly guide you through options like the Maryland Mortgage Program (MMP), which offers competitive interest rates and down payment assistance—a huge benefit for buyers in our market. They’ll also be well-versed in any county-level initiatives or grants available in Talbot County that you might not find on a national lender’s website.

Your actionable first step? Look beyond a simple online search. Ask for referrals from local real estate agents who work in Queen Anne, or check with neighbors and community groups. When you interview potential brokers, ask them direct, local questions: "Can you tell me about recent transactions you've handled in Queen Anne?" or "How do you see the current inventory in our area affecting loan approvals and timelines?" Their answers will immediately reveal their local expertise.

A great local broker does more than find you a rate; they become a trusted advisor who explains how different loan products fit with Queen Anne's property types and your long-term goals here. They can help you budget for potential costs specific to older homes or rural properties, like well and septic inspections. In a town like Queen Anne, where community connections matter, partnering with a professional who understands both the numbers and the neighborhood is your clearest path to turning a house search into a successful home purchase.

Nearby Cities

Explore mortgage lenders in cities near Queen Anne, MD

Why Choose a Mortgage Lender in Queen Anne?

Local Market Knowledge

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