The Best Mortgage Lenders in White Plains, MD
Compare verified mortgage lenders serving White Plains, Maryland. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in White Plains
Featured Mortgage Lenders
Atlantic Coast Mortgage
Atlantic Coast Mortgage, LLC
Atlantic Coast Mortgage is a top-rated regional lender with a strong presence in Southern Maryland, including White Plains. Known for exceptional customer service and competitive rates, they specialize in a wide range of loan products and have built a reputation for smooth, efficient closings. Their local expertise in Charles County and high ratings reflect their commitment to personalized service and community involvement, making them a trusted choice for homebuyers in the area.
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New American Funding
New American Funding, LLC
New American Funding is a highly-rated national lender with a significant footprint in Maryland, serving White Plains and surrounding areas. They offer diverse loan options and are praised for their competitive rates, bilingual services, and dedicated support. With a focus on underserved communities and a strong track record of customer satisfaction, they provide tailored solutions and have received numerous industry awards for excellence in mortgage lending.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender with a strong regional presence that includes service to White Plains, MD. They are known for their fast processing times, competitive rates, and community-focused approach. With an emphasis on transparency and customer care, they have consistently high ratings and offer a variety of loan programs to meet different needs, supported by local loan officers who understand the Charles County market.
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Frequently Asked Questions
Common questions about mortgage lending in White Plains, MD
What are the current average mortgage rates for homebuyers in White Plains, MD?
Mortgage rates in White Plains typically align with national averages but can vary based on local lender competition and property specifics. As of recent trends, 30-year fixed rates generally range from 6.5% to 7.25%, though Charles County's strong growth can sometimes secure slightly better terms. It's best to compare offers from both local Maryland lenders and national institutions for the most competitive rates.
Are there any first-time homebuyer programs specifically available in White Plains, MD?
Yes, White Plains homebuyers can access Maryland Mortgage Program (MMP) options, which offer competitive interest rates and down payment assistance grants. Charles County also provides additional assistance programs like the Purchase Assistance Program, which can help with closing costs. These programs are particularly valuable given White Plains' proximity to DC and its competitive housing market.
How does White Plains' location in the DC metro area affect mortgage lending requirements?
White Plains' position in the Washington DC metro area means lenders often consider the strong regional employment market when qualifying borrowers, which can be beneficial for applicants working in DC or Northern Virginia. However, lenders may also apply slightly stricter debt-to-income ratios due to the area's higher cost of living compared to other Maryland regions. The commuter-friendly location can sometimes help offset these requirements with stable employment verification.
What unique closing costs should I expect when getting a mortgage in White Plains, MD?
Beyond standard closing costs, White Plains homebuyers should budget for Maryland's state transfer taxes (typically split between buyer and seller) and Charles County recording fees. You'll also encounter typical Maryland mortgage costs like the upfront mortgage tax. Given White Plains' growth, some newer developments may have additional community development fees or HOA setup costs that factor into closing.
How competitive is the mortgage pre-approval process in White Plains' housing market?
White Plains' housing market remains competitive due to its affordability relative to nearby DC suburbs, making strong pre-approvals essential. Local lenders familiar with Charles County's market dynamics can often process pre-approvals more efficiently. Given the area's popularity with first-time buyers and military families, having a pre-approval with flexible closing timelines can provide a significant advantage in multiple-offer situations.
Why Choose a Mortgage Lender in White Plains?
Local Market Knowledge
Lenders who understand White Plains'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 White Plains and get competitive rates on your home loan.