The Best Mortgage Lenders in Cohasset, MA
Compare verified mortgage lenders serving Cohasset, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Cohasset
Featured Mortgage Lenders
South Shore Bank
South Shore Bank
South Shore Bank has been serving the Cohasset community and surrounding South Shore region for over 25 years with deep local expertise. As a community-focused bank with strong roots in Massachusetts, they offer personalized mortgage services and competitive rates. Their mortgage team specializes in both purchase and refinance loans with particular expertise in coastal properties common to Cohasset. Customers consistently praise their responsive service, local decision-making, and thorough guidance through the entire mortgage process.
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Rockland Trust
Rockland Trust Company
Rockland Trust has been a trusted mortgage lender throughout the South Shore region for over a century, with multiple branches serving Cohasset residents. They offer comprehensive mortgage solutions with local underwriting and decision-making. Their experienced loan officers provide personalized service for both first-time homebuyers and luxury property purchases, with special expertise in Massachusetts coastal community lending. The bank consistently receives high marks for customer satisfaction, competitive rates, and their deep understanding of local market conditions.
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Leader Bank
Leader Bank, N.A.
Leader Bank has established itself as one of Massachusetts' premier mortgage lenders with extensive experience serving the Greater Boston area including Cohasset. They are particularly renowned for their jumbo loan expertise, which is valuable in Cohasset's higher-priced real estate market. The bank offers competitive rates and streamlined digital processes while maintaining personalized service. Their mortgage team includes specialists familiar with Cohasset's unique coastal property requirements and local regulations, making them a top choice for sophisticated borrowers seeking responsive, professional service.
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Frequently Asked Questions
Common questions about mortgage lending in Cohasset, MA
What are the current mortgage rates like in Cohasset, MA compared to the national average?
Mortgage rates in Cohasset typically align with national averages but may be slightly higher due to Massachusetts' higher cost of living and property values. As of 2024, Cohasset buyers can expect rates approximately 0.125% to 0.25% above national averages for conventional loans. Working with local lenders familiar with Cohasset's luxury market can help secure competitive rates.
Are there any special mortgage programs for first-time homebuyers in Cohasset?
Yes, Massachusetts offers several programs through MassHousing that Cohasset buyers can utilize, including the MassHousing Mortgage with down payment assistance. However, given Cohasset's higher median home prices ($1.2M+), buyers should also explore jumbo loan options and consider the ONE Mortgage Program for income-eligible applicants in Norfolk County.
How does Cohasset's coastal location affect mortgage lending requirements?
Cohasset's coastal properties often require additional considerations like flood insurance, which can impact loan approval and monthly payments. Lenders typically require elevation certificates and may have stricter requirements for homes in flood zones. Properties very close to the water might need specialized insurance that affects debt-to-income ratio calculations.
What unique closing costs should I expect when getting a mortgage in Cohasset?
Cohasset homebuyers should budget for Massachusetts-specific costs including the deed excise tax (typically $4.56 per $1,000 of sale price) and higher attorney fees due to the complex title work often needed for historic or waterfront properties. Additionally, Cohasset's high property values mean larger absolute dollar amounts for standard closing costs like origination fees and title insurance.
How do Cohasset's historic preservation guidelines affect mortgage financing?
Purchasing historically designated properties in Cohasset's Historic District may require specialized lenders familiar with historic home requirements. Some properties might need preservation restrictions that affect loan terms, and lenders may require additional inspections. However, Massachusetts offers historic rehabilitation tax credits that can improve affordability for qualified properties.
Why Choose a Mortgage Lender in Cohasset?
Local Market Knowledge
Lenders who understand Cohasset'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 Cohasset and get competitive rates on your home loan.