The Best Mortgage Lenders in Unionville, MD
Compare verified mortgage lenders serving Unionville, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Unionville
Featured Mortgage Lenders
Sandy Spring Bank Mortgage Team
Sandy Spring Bank
Sandy Spring Bank is a premier regional financial institution with deep roots throughout Maryland, including serving the Unionville area. As a community-focused bank with over two decades of mortgage lending experience, they offer personalized service and local decision-making. Their mortgage team consistently receives high marks for responsive communication, competitive rates, and guiding borrowers through the entire process. With multiple branch locations throughout Central Maryland and expertise in both purchase and refinance loans, they understand the local real estate market dynamics that affect Unionville homebuyers.
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First Home Mortgage Corporation
First Home Mortgage Corporation
First Home Mortgage has been serving Maryland homebuyers for over three decades and is particularly renowned for their expertise in the Baltimore-Washington corridor, including Unionville. They operate as both a direct lender and mortgage broker, providing exceptional flexibility in loan options and rates. Their high customer satisfaction ratings stem from their streamlined processing, local underwriting, and dedicated loan officers who provide white-glove service. The company specializes in first-time homebuyer programs, government loans, and complex financing scenarios, making them a top choice for Unionville residents.
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New American Funding
New American Funding
New American Funding is a national lender with strong presence throughout Maryland, including dedicated loan officers serving the Unionville area. They are particularly noted for their innovative "I CAN Mortgage" program that uses alternative credit data to help borrowers qualify. With in-house processing and underwriting, they offer faster closing times and personalized service. Their diverse loan programs and competitive rates, combined with their extensive experience serving the Mid-Atlantic region, make them an excellent choice for Unionville homebuyers seeking a technology-forward lender with local expertise.
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Frequently Asked Questions
Common questions about mortgage lending in Unionville, MD
What are the current mortgage rates like in Unionville, MD compared to the rest of the state?
Mortgage rates in Unionville are generally competitive with statewide averages, but can be slightly influenced by the rural nature of the area and property types. As of late 2023, you can expect rates for a 30-year fixed mortgage to be in the mid-6% range, but it's crucial to get quotes from local lenders familiar with Frederick County's market dynamics for the most accurate pricing.
Are there any special loan programs for first-time homebuyers in Unionville?
Yes, Unionville homebuyers can access Maryland Mortgage Program (MMP) options, which offer competitive interest rates and down payment assistance. Specifically, the Frederick County Community Action Agency may offer local grants or programs. These are particularly valuable given Unionville's mix of historic properties and newer constructions, helping with upfront costs.
How does Unionville's rural location and property types affect the mortgage process?
Unionville's rural setting means you may encounter properties with wells, septic systems, or larger land parcels, which can require additional inspections and appraisals. Lenders will often order more detailed property assessments to ensure these systems meet standards, which can slightly extend the loan processing timeline compared to urban areas.
What should I know about property taxes and insurance when getting a mortgage in Unionville?
Unionville falls under Frederick County jurisdiction, where property tax rates are approximately 1.04% of assessed value. For insurance, you'll need to account for the area's rural character - premiums may be higher due to factors like distance from fire stations and potential for well/septic system issues, which lenders will factor into your debt-to-income ratio.
Are there any local Unionville considerations for jumbo loans in this market?
Given Unionville's proximity to both Frederick and Washington D.C. commuter areas, some properties may exceed conventional loan limits ($ in 2024), requiring jumbo financing. Local lenders familiar with Frederick County's market can help navigate these loans, which typically require stronger credit profiles (700+ scores) and larger down payments (often 20%+).
Nearby Cities
Explore mortgage lenders in cities near Unionville, MD
Why Choose a Mortgage Lender in Unionville?
Local Market Knowledge
Lenders who understand Unionville'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 Unionville and get competitive rates on your home loan.