The Best Mortgage Lenders in Temple Hills, MD
Compare verified mortgage lenders serving Temple Hills, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Temple Hills
Featured Mortgage Lenders
Michael V. Hines
Atlantic Coast Mortgage
Atlantic Coast Mortgage is one of the highest-rated mortgage lenders in the Washington DC metropolitan area, serving Temple Hills and surrounding communities with exceptional expertise. With over two decades of experience, they specialize in making the mortgage process straightforward and transparent. Their team, led by experienced loan officers like Michael Hines, provides personalized service with competitive rates across all loan types. They are particularly noted for their expertise with VA loans and first-time homebuyer programs, earning numerous industry awards and maintaining an outstanding reputation for customer satisfaction throughout Southern Maryland.
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John R. McAllister
First Home Mortgage
First Home Mortgage has been serving Maryland homebuyers for over three decades with a strong focus on the Southern Maryland region including Temple Hills. They are known for their local processing and underwriting expertise, which allows for faster closings and personalized service. The company maintains an excellent reputation for competitive rates and flexible loan programs, particularly strong with government-backed loans and renovation financing. Their experienced team provides comprehensive guidance through the entire mortgage process, earning consistently high customer satisfaction ratings and industry recognition for their commitment to Maryland communities.
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Mortgage Department
Tower Federal Credit Union
As one of Maryland's largest and most established credit unions, Tower Federal Credit Union has been serving the Temple Hills area with exceptional mortgage services for decades. They offer highly competitive rates for members and are particularly strong with VA loans given their historical connection to military communities. Their mortgage team provides personalized service with local decision-making authority, offering a full range of loan products with lower fees than many traditional banks. With multiple branches throughout the region and a reputation for outstanding member service, they consistently rank among the top mortgage lenders in Southern Maryland for customer satisfaction and reliability.
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Frequently Asked Questions
Common questions about mortgage lending in Temple Hills, MD
What are the current average mortgage rates for homebuyers in Temple Hills, MD?
Mortgage rates in Temple Hills typically align with national averages but can vary based on property type and borrower qualifications. Currently, 30-year fixed rates range between 6.5-7.25% for conventional loans. It's important to compare rates from multiple local lenders as Prince George's County market conditions can affect individual offers.
Are there any special first-time homebuyer programs available specifically for Temple Hills residents?
Yes, Temple Hills homebuyers can access Maryland Mortgage Program (MMP) options, which include down payment assistance grants and favorable loan terms. Additionally, Prince George's County offers the 4DPF (4% Loan Program) which provides assistance with down payment and closing costs for eligible buyers in targeted areas including Temple Hills.
How does Temple Hills' proximity to Washington D.C. affect mortgage lending and housing affordability?
Temple Hills' location in the DC metro area creates higher housing demand, which can lead to competitive bidding situations. While home prices are generally more affordable than in DC proper, lenders may require stronger financial profiles due to the competitive market. Many lenders offer special programs for buyers who work for federal agencies or DC employers.
What should I know about property taxes and insurance when getting a mortgage in Temple Hills?
Prince George's County property taxes in Temple Hills average approximately 1.1% of assessed value, which lenders factor into your debt-to-income ratio. Additionally, some areas may require flood insurance, so it's crucial to work with a local lender familiar with specific neighborhood requirements in Temple Hills.
Are there any local mortgage programs that help with purchasing older homes in Temple Hills?
Yes, many Temple Hills homes built in the mid-20th century may qualify for Maryland's Renovate Maryland program, which allows buyers to finance both purchase and renovation costs into one mortgage. FHA 203(k) loans are also popular for older homes in the area, helping buyers address necessary repairs while maintaining affordable terms.
Why Choose a Mortgage Lender in Temple Hills?
Local Market Knowledge
Lenders who understand Temple Hills'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 Temple Hills and get competitive rates on your home loan.