The Best Mortgage Lenders in Templeville, MD
Compare verified mortgage lenders serving Templeville, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Templeville
Featured Mortgage Lenders
Mark Potter
Prosperity Home Mortgage, LLC
Prosperity Home Mortgage stands out as a top-rated regional lender with extensive experience serving Maryland homebuyers. With over two decades in business and nearly 300 excellent reviews, they specialize in personalized mortgage solutions for both purchase and refinance transactions. Their team of experienced loan officers provides competitive rates on conventional, FHA, VA, and specialty loan products, making them particularly strong for first-time homebuyers and military families throughout the Eastern Shore region including Templeville.
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Kelly Bozman
Shore United Bank
As a community bank deeply rooted in Maryland's Eastern Shore for over a century, Shore United Bank offers exceptional local mortgage lending services with deep community knowledge. Their mortgage specialists understand the unique aspects of Templeville and surrounding Queen Anne's County real estate markets. They provide competitive rates with the personal service of a local institution, offering a full range of mortgage products including specialized construction loans and home equity solutions with the stability of a federally-insured bank.
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Chris Allnutt
Atlantic Coast Mortgage, LLC
Atlantic Coast Mortgage has built an outstanding reputation throughout Maryland and the Mid-Atlantic region with nearly perfect customer ratings across hundreds of reviews. They excel at providing customized mortgage solutions with exceptional customer service and competitive rates. Their experienced loan officers specialize in navigating complex financial situations and offer a comprehensive suite of loan products. With strong digital capabilities and personalized service, they efficiently serve Templeville area homebuyers while maintaining the responsiveness of a boutique lender.
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Frequently Asked Questions
Common questions about mortgage lending in Templeville, MD
What are the current mortgage rates like in Templeville, MD?
Mortgage rates in Templeville typically align with national averages but can vary based on local lenders and property types. Given Templeville's rural setting in Caroline County, some lenders may offer competitive rates for primary residences. It's best to compare rates from both local credit unions and regional banks serving the Eastern Shore area.
Are there any first-time homebuyer programs specific to Templeville or Caroline County?
Yes, the Maryland Mortgage Program (MMP) offers several options for Caroline County residents, including down payment assistance grants. Additionally, the MMP's Partner Match program can provide up to $5,000 in matching funds when combined with local lender programs. These are particularly valuable in Templeville's affordable housing market.
How does Templeville's rural location affect mortgage lending requirements?
Templeville's rural classification may qualify some properties for USDA loans, which offer 100% financing with no down payment. However, properties must meet specific USDA eligibility criteria for rural areas. Conventional loans may require additional property inspections due to the prevalence of well and septic systems in the area.
What should I know about property taxes when getting a mortgage in Templeville?
Caroline County property taxes are relatively low compared to urban Maryland areas, currently around 0.895% of assessed value. Your lender will typically escrow for taxes, but it's important to verify the assessment since properties in Templeville may have agricultural or conservation easements affecting tax rates.
Are there local lenders in Templeville who understand the unique aspects of the local market?
While Templeville itself has limited financial institutions, nearby towns like Denton and Goldsboro have community banks and credit unions familiar with Caroline County's real estate market. These local lenders often have better understanding of rural property valuations and can process USDA or rural development loans efficiently.
Why Choose a Mortgage Lender in Templeville?
Local Market Knowledge
Lenders who understand Templeville'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 Templeville and get competitive rates on your home loan.