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Savage, MD

The Best Mortgage Lenders in Savage, MD

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

3
Top Lenders
4.8
Avg Rating
1150+
Reviews
9
Loan Types

Available Loan Programs in Savage

Conventional
FHA
VA
Jumbo
Construction
Refinance
USDA
Renovation
Construction-to-Perm

Featured Mortgage Lenders

1

Sandy Spring Bank Mortgage

Sandy Spring Bank

★★★★☆
4.8/5

Sandy Spring Bank stands out as one of Maryland's most established and trusted mortgage lenders with deep roots in the community. As a local community bank with multiple branches throughout Maryland, they offer personalized service and competitive rates specifically tailored to Maryland homebuyers. Their mortgage team has extensive experience with Savage and Howard County real estate markets, providing conventional loans, government-backed options, and specialized construction financing. Customers consistently praise their responsive loan officers, streamlined application process, and local decision-making authority that ensures faster closings.

Experience:155 years
Reviews:450 customer reviews
1780 Reisterstown Road, Pikesville, MD 21208

Loan Types:

ConventionalFHAVAJumboConstructionRefinance
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2

First Home Mortgage

First Home Mortgage Corporation

★★★★☆
4.9/5

First Home Mortgage has built an exceptional reputation across Maryland as a premier mortgage broker with specific expertise serving the Savage and central Maryland region. They consistently receive top marks for their extensive loan product selection, competitive rate shopping, and exceptional customer service. As a direct lender with in-house underwriting, they can offer faster approvals and closings. Their loan officers are particularly skilled at guiding first-time homebuyers through the process while offering sophisticated options for experienced investors. The company maintains strong relationships with local real estate agents throughout Howard County.

Experience:30 years
Reviews:380 customer reviews
1300 York Road, Suite 190, Lutherville, MD 21093

Loan Types:

ConventionalFHAVAUSDAJumboRenovationRefinance
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3

Atlantic Coast Mortgage

Atlantic Coast Mortgage LLC

★★★★☆
4.8/5

Atlantic Coast Mortgage has established itself as a top-rated mortgage lender throughout Maryland with particular strength in the Baltimore-Washington corridor including Savage. They combine the resources of a large lender with personalized local service, offering highly competitive rates and innovative loan programs. Their team includes mortgage specialists who specifically serve the Howard County market and understand the unique aspects of Savage area properties. Customers frequently highlight their transparent communication, efficient processing, and ability to handle complex financing scenarios with expertise.

Experience:15 years
Reviews:320 customer reviews
6701 Democracy Boulevard, Suite 300, Bethesda, MD 20817

Loan Types:

ConventionalFHAVAUSDAJumboConstruction-to-PermRefinance
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Frequently Asked Questions

Common questions about mortgage lending in Savage, MD

What are the current mortgage rates like for homebuyers in Savage, MD?

Mortgage rates in Savage are competitive with the broader Baltimore-Columbia-Towson metro area, typically ranging from the mid-6% to low-7% for a 30-year fixed-rate loan as of late 2023. Your specific rate will depend on your credit score, loan amount, and down payment. It's wise to compare rates from both local Maryland lenders and national institutions, as local lenders often have deeper knowledge of the Savage market.

Are there any special first-time homebuyer programs available in Savage?

Yes, first-time homebuyers in Savage can utilize Maryland Mortgage Program (MMP) options, which offer competitive interest rates and down payment assistance. Howard County, where Savage is located, may also have additional matching grant programs for closing costs. These programs are particularly valuable in Savage's competitive market to help with upfront costs.

How does Savage's location in the Baltimore-Washington corridor affect mortgage lending?

Savage's prime location between Baltimore and Washington D.C. creates a high-demand housing market, which lenders recognize. This can mean slightly more stringent appraisal requirements to ensure the loan amount matches the home's value in this competitive environment. However, the strong job markets in both cities also make lenders confident in the area's long-term stability.

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

Savage homeowners pay Howard County property taxes, which are among the lowest in Maryland at approximately $1.01 per $100 of assessed value. Your lender will factor this into your monthly mortgage payment through an escrow account. The relatively low tax rate helps make homeownership more affordable in Savage compared to some neighboring areas.

Are there any neighborhood-specific considerations for mortgages in Savage's historic district?

Yes, if you're buying in Savage's historic district near the Savage Mill, lenders may require additional inspections and documentation for older homes. Some properties might need specialized renovation loans if significant updates are needed. It's important to work with a lender experienced with historic properties in Howard County to navigate any unique requirements.

Nearby Cities

Explore mortgage lenders in cities near Savage, MD

Why Choose a Mortgage Lender in Savage?

Local Market Knowledge

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