The Best Mortgage Lenders in Sunderland, MD
Compare verified mortgage lenders serving Sunderland, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sunderland
Featured Mortgage Lenders
Calvert Mortgage
Calvert Mortgage & Financial Services, Inc.
Calvert Mortgage is a highly-rated local mortgage broker serving Southern Maryland communities including Sunderland. With over two decades of experience, they specialize in personalized service and have built an exceptional reputation for guiding clients through the entire mortgage process. Their team of local experts understands the unique aspects of Calvert County and surrounding areas, offering competitive rates and flexible loan options. They're particularly noted for their expertise with first-time homebuyer programs and government-backed loans, with numerous reviews praising their responsiveness and attention to detail throughout the home financing journey.
Loan Types:
First Home Mortgage
First Home Mortgage Corporation
First Home Mortgage is a regional leader serving Maryland communities including Southern Maryland areas like Sunderland. With three decades of experience, they've established themselves as one of Maryland's most trusted mortgage lenders. They offer a comprehensive range of loan products and are particularly strong in construction lending and government-backed loans. Their team includes local loan officers who understand the Southern Maryland market dynamics. The company maintains an A+ rating with the BBB and receives consistent praise for their efficient processing, competitive rates, and exceptional customer service throughout the mortgage application and closing process.
Loan Types:
Wells Fargo Home Mortgage
Wells Fargo Bank, N.A.
Wells Fargo provides comprehensive mortgage services throughout Maryland, including the Sunderland area, with multiple branches serving Southern Maryland. As one of the nation's largest mortgage lenders, they offer competitive rates, extensive loan options, and digital tools that streamline the application process. Their local Annapolis branch serves Calvert County residents with personalized service while leveraging the resources of a major financial institution. Wells Fargo is particularly strong in conventional lending and offers special programs for first-time buyers, military families, and low-to-moderate income borrowers. Their long-standing presence and extensive experience make them a reliable choice for Sunderland homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Sunderland, MD
What are the current mortgage rates like for homes in Sunderland, MD?
Mortgage rates in Sunderland typically align with national averages but can vary based on local lenders and property types. Given Sunderland's proximity to the Chesapeake Bay, some lenders may offer specific rates for waterfront or flood-prone properties. It's best to compare rates from local credit unions and regional banks in Calvert County for the most competitive options.
Are there any first-time homebuyer programs specifically available in Sunderland?
Yes, first-time homebuyers in Sunderland can access Maryland Mortgage Program (MMP) options, which offer competitive interest rates and down payment assistance. Additionally, Calvert County offers the Moderate Income Housing Program that provides closing cost assistance to eligible buyers purchasing within the county, including Sunderland properties.
How does Sunderland's location near the Chesapeake Bay affect mortgage requirements?
Properties closer to the Chesapeake Bay often require additional flood insurance, which lenders will mandate as part of your mortgage. Some waterfront properties may also need specialized inspections that could affect loan approval. Lenders familiar with Sunderland's geography will help you navigate these specific requirements and associated costs.
What types of properties are most common for mortgage lending in Sunderland?
Sunderland features a mix of single-family homes, townhouses, and rural properties on larger lots. Many mortgages in the area finance traditional suburban homes, but there's also significant lending for properties with acreage. Lenders experienced in Sunderland understand the local market's blend of suburban and semi-rural property types.
Are there any local property tax considerations I should know about when getting a mortgage in Sunderland?
Sunderland falls under Calvert County's property tax system, which currently has one of Maryland's lower property tax rates. Your mortgage lender will calculate escrow payments based on Calvert County's tax assessment, and first-time Maryland buyers should be aware of the state's transfer tax and recordation fees that are typically included in closing costs.
Nearby Cities
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Why Choose a Mortgage Lender in Sunderland?
Local Market Knowledge
Lenders who understand Sunderland'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 Sunderland and get competitive rates on your home loan.