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Rawlings, MD

The Best Mortgage Lenders in Rawlings, MD

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

3
Top Lenders
4.7
Avg Rating
360+
Reviews
9
Loan Types

Available Loan Programs in Rawlings

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

Featured Mortgage Lenders

1

Mortgage Department

First United Bank & Trust

★★★★☆
4.8/5

First United Bank & Trust is a highly-rated regional bank with deep roots in Western Maryland, serving the Rawlings area for over a century. They consistently receive excellent customer reviews for their personalized service, local decision-making, and competitive rates. As a community bank, they offer the advantage of working with local loan officers who understand the specific real estate market in Allegany County and surrounding areas. Their mortgage team has extensive experience with various loan types and is known for guiding borrowers through the entire process with exceptional customer care.

Experience:25 years
Reviews:150 customer reviews
19 S Liberty Street, Cumberland, MD 21502

Loan Types:

ConventionalFHAVAUSDAJumboConstructionRefinance
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2

Mortgage Lending Division

ACNB Bank

★★★★☆
4.7/5

ACNB Bank has built a strong reputation throughout the region for reliable mortgage lending with excellent customer service. While headquartered in Pennsylvania, they actively serve the Rawlings, Maryland market and have received numerous positive reviews for their competitive rates and straightforward loan process. Their experienced loan officers specialize in helping buyers in rural and suburban markets, with particular expertise in USDA and FHA loans that are popular in the Rawlings area. Customers consistently praise their responsiveness and ability to close loans efficiently.

Experience:20 years
Reviews:120 customer reviews
16 Lincoln Way East, Chambersburg, PA 17201

Loan Types:

ConventionalFHAVAUSDAFirst-time HomebuyerRefinanceHome Equity
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3

Local Mortgage Office

Prosperity Home Mortgage, LLC

★★★★☆
4.6/5

Prosperity Home Mortgage maintains a strong local presence in the Cumberland area, directly serving Rawlings residents with personalized mortgage solutions. As part of the Long & Foster Companies, they leverage extensive real estate market knowledge while providing competitive rates and flexible loan options. Their local office features experienced loan officers who receive consistently high marks for communication, transparency, and guiding clients through complex mortgage scenarios. They're particularly noted for their expertise with both purchase and refinance transactions in Western Maryland markets.

Experience:15 years
Reviews:90 customer reviews
12724 McMullen Highway SW, Cumberland, MD 21502

Loan Types:

ConventionalFHAVAJumboRefinanceFirst-time Homebuyer
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Frequently Asked Questions

Common questions about mortgage lending in Rawlings, MD

What are the current average mortgage rates for homebuyers in Rawlings, MD?

Mortgage rates in Rawlings typically align with national averages but can vary based on local lenders and property types. Currently, 30-year fixed rates in Allegany County range from 6.5% to 7.25%, while FHA and VA loans often offer slightly lower rates. It's best to compare offers from local credit unions like First United Bank & Trust and larger regional lenders for the most competitive rates.

Are there any first-time homebuyer programs specifically available in Rawlings?

Yes, Rawlings homebuyers can access Maryland Mortgage Program (MMP) options, which include down payment assistance grants and favorable loan terms for first-time buyers. Additionally, the Maryland SmartBuy program can help buyers with student debt, and Allegany County offers local assistance programs that can be layered with state options for maximum benefit.

How does Rawlings' rural location affect mortgage lending options?

Rawlings' designation as a rural area makes USDA loans widely available, offering 100% financing with no down payment requirement. Many properties in the area qualify for these loans, which can be particularly advantageous given the area's moderate home prices. Local lenders are well-versed in rural property financing and can guide buyers through the specific requirements.

What should I know about property taxes when getting a mortgage in Rawlings?

Allegany County property taxes in Rawlings are relatively affordable compared to Maryland's urban areas, currently around 0.94% of assessed value. Lenders will factor this into your debt-to-income ratio, and you'll typically escrow 1-2 months' extra payments at closing. The stable tax environment makes long-term mortgage planning more predictable for Rawlings homeowners.

Are there special considerations for manufactured or mobile home financing in Rawlings?

Yes, given Rawlings' rural character, many lenders offer specialized financing for manufactured homes, though requirements are stricter than for traditional homes. The home must be permanently affixed to a foundation and meet HUD standards. Local credit unions and some community banks often have the most flexible terms for these property types in the Rawlings area.

Nearby Cities

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Why Choose a Mortgage Lender in Rawlings?

Local Market Knowledge

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