The Best Mortgage Lenders in Dedham, MA
Compare verified mortgage lenders serving Dedham, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Dedham
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Boston area, serving Dedham with competitive rates and a seamless digital application process. They are highly regarded for their extensive loan options, exceptional customer service, and fast closing times, with numerous awards and high customer satisfaction ratings highlighting their reliability and expertise in the Massachusetts market.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a highly respected lender with multiple offices in Massachusetts, including service to Dedham. Known for personalized service and competitive rates, they excel in various loan programs and have a reputation for transparency and community involvement. Their high customer ratings and long track record make them a trusted choice for homebuyers in the region.
Loan Types:
New American Funding
New American Funding
New American Funding is a nationally recognized mortgage lender with a strong presence in Massachusetts, offering dedicated service to Dedham residents. They are praised for their diverse loan products, including options for first-time homebuyers and underserved communities, and have a commitment to competitive pricing and customer education. Their high ratings and years of experience reflect their reliability and focus on customer satisfaction.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Dedham, MA
Are there any first-time homebuyer programs in Dedham, MA that offer down payment assistance?
Yes, Dedham homebuyers can access Massachusetts state programs like MassHousing and the ONE Mortgage program, which offer competitive interest rates and down payment assistance. Additionally, the Town of Dedham occasionally partners with local organizations to provide grants or affordable housing opportunities, so it's worth checking with the Dedham Housing Authority for current offerings.
How do Dedham's property tax rates compare to surrounding towns, and how does this affect my mortgage payment?
Dedham's property tax rate is typically lower than many surrounding communities like Newton or Brookline but higher than some others. For 2023, Dedham's rate was $13.30 per $1,000 of assessed value. This directly impacts your monthly mortgage payment if you escrow taxes, so factor this into your budget when determining how much house you can afford in Dedham.
What are typical mortgage rates available to Dedham homebuyers right now?
Current mortgage rates in Dedham generally align with national averages but can vary based on lender, loan type, and borrower qualifications. As of late 2023, rates for 30-year fixed mortgages in the Dedham area typically range from 6.5% to 7.5%, though Massachusetts-specific programs like MassHousing often offer slightly lower rates for eligible borrowers.
Does Dedham have any special mortgage considerations for historic homes?
Yes, if you're purchasing a home in one of Dedham's historic districts like East Dedham or Dedham Square, you may want to explore renovation loans like the FHA 203(k) or Fannie Mae HomeStyle loan. These can help finance both purchase and rehabilitation costs, which is important since historic homes often require specialized repairs that conventional mortgages might not cover.
How competitive is the Dedham housing market, and how can I strengthen my mortgage offer?
Dedham's housing market remains competitive, particularly for well-priced single-family homes in desirable neighborhoods. To strengthen your offer, consider getting pre-approved with a local lender who understands Dedham's market dynamics, being flexible with closing dates, and potentially offering a larger down payment. Many sellers prefer buyers using established Massachusetts lenders who can reliably close on time.
Why Choose a Mortgage Lender in Dedham?
Local Market Knowledge
Lenders who understand Dedham'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 Dedham and get competitive rates on your home loan.