The Best Mortgage Lenders in Upper Marlboro, MD
Compare verified mortgage lenders serving Upper Marlboro, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Upper Marlboro
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a highly-rated national mortgage lender with a strong local presence in the Maryland area, including Upper Marlboro. Known for its competitive rates, digital mortgage platform, and exceptional customer service, the company has consistently high satisfaction ratings. They offer a wide range of loan products and are praised for their efficient processing and transparency, making them a top choice for homebuyers in the region.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a reputation for personalized service and competitive financing options. They have multiple offices in the Washington D.C. metropolitan area, including service to Upper Marlboro, and are known for their community involvement and fast loan approvals. Customers highlight their responsiveness and expertise in various loan types, contributing to their high customer satisfaction.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is renowned for its customer-focused approach and rapid closing times, serving the Upper Marlboro area with dedication. They offer a comprehensive suite of loan products and are highly rated for their local support and community engagement. Their commitment to simplifying the mortgage process and providing competitive rates has earned them strong reviews and loyalty from Maryland homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Upper Marlboro, MD
What are the current mortgage rates like in Upper Marlboro, MD?
Mortgage rates in Upper Marlboro are generally competitive with national averages but can vary based on local market conditions and lender competition in the Prince George's County area. As of recent trends, rates for 30-year fixed mortgages typically range from the mid-6% to low-7% range, though this fluctuates regularly. Working with a local lender who understands Upper Marlboro's specific market can help you secure the best available rate.
Are there any special first-time homebuyer programs available specifically for Upper Marlboro residents?
Yes, Upper Marlboro homebuyers can access several Maryland-specific programs including the Maryland Mortgage Program (MMP), which offers competitive interest rates and down payment assistance. Prince George's County also offers additional assistance programs like the 4% Interest Rate Buy-Down Program. These programs are particularly valuable given Upper Marlboro's median home prices, which are above the state average.
How does Upper Marlboro's proximity to Washington D.C. affect mortgage lending and home buying?
Upper Marlboro's location in the Washington D.C. metro area means many lenders offer specialized loan products for federal employees and contractors working in the capital region. The strong job market and commuting patterns also mean lenders may be more flexible with debt-to-income ratios for buyers with D.C.-area employment. However, this desirable location also contributes to higher home values compared to more rural Maryland areas.
What should I know about property taxes and insurance when getting a mortgage in Upper Marlboro?
Prince George's County property taxes in Upper Marlboro currently run approximately 0.96% of assessed value, which is lower than many surrounding counties but still a significant factor in your monthly payment. Additionally, flood insurance may be required in certain Upper Marlboro neighborhoods near the Patuxent River or Western Branch, so it's important to factor this into your budget when calculating mortgage affordability.
Are there any local down payment assistance programs unique to Upper Marlboro or Prince George's County?
Prince George's County offers the "House Keys 4 Employees" program that provides down payment and closing cost assistance to county employees and first responders purchasing in the county, including Upper Marlboro. The county also partners with the MMP program to offer additional matching funds for down payment assistance. These programs are especially helpful given Upper Marlboro's housing market, where median home prices often require substantial down payments.
Nearby Cities
Explore mortgage lenders in cities near Upper Marlboro, MD
Why Choose a Mortgage Lender in Upper Marlboro?
Local Market Knowledge
Lenders who understand Upper Marlboro'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 Upper Marlboro and get competitive rates on your home loan.