The Best Mortgage Lenders in Bedford, MA
Compare verified mortgage lenders serving Bedford, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bedford
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Greater Boston area, including Bedford. Known for its competitive rates and innovative digital platform, the company has consistently high customer satisfaction ratings due to its efficient loan processing, transparent communication, and wide range of loan products. With over two decades of experience, they excel in serving both first-time homebuyers and experienced investors, backed by numerous industry awards and positive reviews highlighting their reliability and expert guidance.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender serving Bedford and the broader Massachusetts region, praised for its personalized customer service and competitive loan options. With nearly three decades of experience, they have built a strong track record for closing loans quickly and efficiently, often highlighted in customer reviews for their attentive loan officers and community involvement. Their expertise in various loan types, including government-backed and jumbo loans, makes them a preferred choice for homebuyers seeking reliable and flexible financing solutions.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a significant presence in Massachusetts, including service to Bedford, known for its fast loan approvals and exceptional customer support. Founded in 2008, they combine technological innovation with a community-focused approach, earning high marks for transparency and responsiveness. Their commitment to simplifying the mortgage process and offering competitive rates has resulted in strong customer loyalty and positive feedback, making them a trusted option for home purchases and refinances in the area.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Bedford, MA
Are there any first-time homebuyer programs specific to Bedford, MA that can help with down payments?
Yes, the Massachusetts Housing Partnership's ONE Mortgage Program is popular in Bedford and offers a low down payment of just 3% with no private mortgage insurance. Additionally, the MassHousing Mortgage program provides competitive rates and down payment assistance that can be particularly helpful given Bedford's higher-than-average home prices.
How do Bedford's property tax rates affect my mortgage qualification and monthly payments?
Bedford's current property tax rate is approximately $14.17 per $1,000 of assessed value, which is relatively moderate for Middlesex County. Lenders will factor this into your debt-to-income ratio calculation, and your monthly mortgage payment will include escrow for these taxes. Given Bedford's higher home values, this can add several hundred dollars to your monthly payment.
What are the current mortgage rates like for Bedford homebuyers compared to national averages?
Mortgage rates in Bedford typically align with national averages but can vary slightly based on local market conditions and lender competition. Currently, rates in Bedford are competitive, but given the town's desirable school system and proximity to Boston, lenders may offer slightly different terms due to the stable housing market and lower default risk in this area.
Are jumbo loans common in Bedford given the higher home prices?
Yes, jumbo loans are very common in Bedford since the median home price exceeds the conforming loan limits ($ in 2024). Many Bedford buyers need jumbo financing, and local lenders often have specialized jumbo loan programs with competitive rates, though they typically require stronger credit scores and larger down payments than conventional loans.
Does Bedford have any local mortgage programs for historic home preservation or energy efficiency upgrades?
While Bedford doesn't have town-specific mortgage programs, Massachusetts offers several statewide programs that Bedford homeowners frequently use. The Mass Save HEAT Loan program provides 0% financing for energy efficiency upgrades, and some lenders offer special renovation loans that can be valuable for maintaining Bedford's many historic properties while improving energy efficiency.
Nearby Cities
Explore mortgage lenders in cities near Bedford, MA
Why Choose a Mortgage Lender in Bedford?
Local Market Knowledge
Lenders who understand Bedford'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 Massachusetts.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Bedford and get competitive rates on your home loan.