The Best Mortgage Lenders in Bridgewater, MA
Compare verified mortgage lenders serving Bridgewater, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Bridgewater
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Massachusetts, including service to Bridgewater. Known for competitive rates and a fully digital mortgage process, they have consistently high customer satisfaction ratings. Their extensive experience and innovative technology streamline applications, making them a preferred choice for homebuyers seeking efficiency and reliability. With numerous awards and a commitment to transparency, they offer personalized service through local loan officers.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly reputable lender with a branch in Raynham, MA, serving the Bridgewater area. They excel in customer service, offering a wide range of loan options and competitive rates. With decades of experience, they have built a strong track record for guiding clients through the mortgage process smoothly. Their local loan officers provide personalized attention, and they are praised for their responsiveness and community involvement, making them a trusted choice for home financing.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a significant presence in Massachusetts, including service to Bridgewater. They are known for their fast processing times and commitment to community support. With a focus on customer satisfaction, they offer a variety of loan products and have a reputation for transparent communication and competitive rates. Their local team provides dedicated service, and they have received high marks for making the mortgage experience straightforward and stress-free for borrowers.
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Frequently Asked Questions
Common questions about mortgage lending in Bridgewater, MA
What are the current mortgage rates like in Bridgewater, MA compared to the national average?
Mortgage rates in Bridgewater are generally competitive with national averages but can be slightly higher due to Massachusetts' overall higher cost of living and strong housing demand in the Greater Boston area. It's wise to compare rates from both local community banks, which are prominent in Bridgewater, and larger national lenders to find the best deal for your specific financial situation.
Are there any first-time homebuyer programs in Bridgewater that offer down payment assistance?
Yes, first-time homebuyers in Bridgewater should explore the MassHousing Mortgage program, which offers competitive interest rates and down payment assistance options like the "MI Plus" product. Additionally, the Town of Bridgewater may have local initiatives, so it's beneficial to consult with a mortgage advisor who is well-versed in Massachusetts-specific first-time homebuyer programs.
How does Bridgewater State University's presence impact the local mortgage and housing market?
The presence of Bridgewater State University creates a consistent demand for rental properties and housing from faculty, staff, and students, which can contribute to stable property values. For a mortgage applicant, this can be positive, but lenders may scrutinize debt-to-income ratios more closely if you're planning to purchase a multi-family home and rely on rental income from students.
What property taxes can I expect when getting a mortgage for a home in Bridgewater?
Bridgewater has a single tax rate for all property classes, which for Fiscal Year 2024 is $12.91 per $1,000 of assessed value. This is a key factor in your overall monthly mortgage payment, as lenders will include this in your escrow account. It's important to budget for this cost, as it directly affects your debt-to-income ratio in the eyes of a lender.
Are there specific condo mortgage guidelines I should be aware of in Bridgewater?
Yes, financing a condo in Bridgewater can have specific hurdles. Lenders will carefully review the condo association's budget, reserves, and the percentage of owner-occupants versus renters. In complexes popular with Bridgewater State University students, a high rental concentration could make it difficult to secure a conventional loan, potentially requiring an FHA loan instead.
Nearby Cities
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Why Choose a Mortgage Lender in Bridgewater?
Local Market Knowledge
Lenders who understand Bridgewater'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 Bridgewater and get competitive rates on your home loan.