The Best Mortgage Lenders in Saint Leonard, MD
Compare verified mortgage lenders serving Saint Leonard, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Leonard
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender with a strong reputation for competitive rates and exceptional customer service in Southern Maryland. They excel in offering a wide range of loan options, including specialized programs for first-time homebuyers and veterans, with many reviews praising their responsiveness, local expertise, and efficient closing processes. Their commitment to community involvement and personalized approach makes them a top choice for Saint Leonard residents.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is renowned for its fast, reliable service and strong local presence in the Annapolis and Southern Maryland areas. They prioritize customer satisfaction with a streamlined online application process and dedicated local loan officers, earning high marks for their transparency, competitive rates, and support throughout the mortgage journey. Their focus on building relationships and community engagement makes them a trusted lender for Saint Leonard homebuyers.
Loan Types:
First Home Mortgage
First Home Mortgage Corporation
First Home Mortgage has built a solid reputation over three decades as a leading mortgage provider in Maryland, with extensive experience serving Calvert County and Saint Leonard. They are praised for their knowledgeable staff, flexible loan options, and commitment to competitive pricing, backed by numerous positive reviews highlighting their reliability and hands-on customer care. Their deep local roots and comprehensive service offerings ensure a smooth mortgage experience for buyers in the region.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Saint Leonard, MD
What are the current mortgage rates like for homebuyers in Saint Leonard, MD?
Mortgage rates in Saint Leonard typically align with national averages but can vary based on local market conditions and lender competition. Currently, rates for 30-year fixed mortgages in Calvert County generally range from the mid-6% to low-7% range, though this fluctuates with market conditions. Working with a local lender who understands Southern Maryland's housing market can help you secure competitive rates.
Are there any first-time homebuyer programs specifically available in Saint Leonard?
Yes, Saint Leonard homebuyers can access Maryland Mortgage Program (MMP) options, which include down payment assistance and competitive interest rates. Additionally, Calvert County offers the Partnership Housing Program that provides closing cost assistance to eligible first-time buyers. These programs are particularly valuable given Saint Leonard's median home prices, which are generally more affordable than other parts of the DC metro area.
How does Saint Leonard's rural location affect mortgage lending requirements?
Saint Leonard's designation as a rural area can work to your advantage through USDA loans, which offer 100% financing with no down payment required for eligible properties and borrowers. However, some lenders may require additional documentation for properties with well and septic systems, which are common in this area. It's important to work with lenders experienced with rural property financing in Calvert County.
What should I know about property taxes and insurance when getting a mortgage in Saint Leonard?
Calvert County property taxes are relatively moderate compared to neighboring counties, currently around 0.91% of assessed value. For insurance, since Saint Leonard is in a coastal area, some lenders may require additional flood insurance depending on the property's location and elevation. Your mortgage lender will help you estimate these costs accurately for your monthly payment calculations.
Are there any local considerations for military families seeking mortgages in Saint Leonard?
Given Saint Leonard's proximity to Patuxent River Naval Air Station, many lenders are experienced with VA loans and understand military relocation timelines. VA loans are particularly popular here and often offer better terms than conventional loans. Local lenders are familiar with the base transfer process and can work with the specific timing needs of military families moving to the area.
Nearby Cities
Explore mortgage lenders in cities near Saint Leonard, MD
Why Choose a Mortgage Lender in Saint Leonard?
Local Market Knowledge
Lenders who understand Saint Leonard'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 Saint Leonard and get competitive rates on your home loan.