The Best Mortgage Lenders in Harwich, MA
Compare verified mortgage lenders serving Harwich, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Harwich
Featured Mortgage Lenders
Cape Cod Five Cents Savings Bank
Cape Cod Five Cents Savings Bank
As a cornerstone of the Cape Cod community since 1855, Cape Cod Five Cents Savings Bank is highly regarded for its deep local roots and personalized mortgage services. With a branch directly in Harwich Port, they offer competitive rates, local underwriting decisions, and a commitment to customer satisfaction. Their extensive experience and high ratings reflect their reliability in handling various loan types, from first-time homebuyer programs to jumbo loans, making them a top choice for Harwich residents seeking trusted, community-focused lending.
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HarborOne Bank
HarborOne Bank
HarborOne Bank has built a strong reputation across New England, including Cape Cod, with its customer-centric approach and diverse mortgage products. Serving Harwich through nearby branches and online services, they are known for their flexible lending solutions, community involvement, and knowledgeable staff. With over a century of experience, they provide competitive rates and personalized support, earning high marks for customer satisfaction and reliability in the mortgage process.
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Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally acclaimed mortgage lender with a significant presence in Massachusetts, serving Harwich through its efficient online platform and local loan officers. Founded in 2000, they are praised for their competitive rates, rapid approval process, and high customer satisfaction scores. Their innovative technology combined with personalized service makes them a top option for borrowers in Harwich seeking a streamlined, reliable mortgage experience with a wide range of loan products.
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Frequently Asked Questions
Common questions about mortgage lending in Harwich, MA
What are the current mortgage rates like in Harwich, MA, and how do they compare to state averages?
Mortgage rates in Harwich are generally competitive with statewide Massachusetts averages but can be slightly influenced by the Cape Cod market's seasonal demand and higher property values. It's wise to compare offers from local lenders familiar with the Cape, as they may have specific programs. Rates can fluctuate, so locking in a rate during the off-season (fall/winter) might be advantageous.
Are there any special mortgage programs for first-time homebuyers in Harwich?
Yes, the Massachusetts Housing Partnership's "ONE Mortgage" program is a popular option for first-time buyers in Harwich, offering a low down payment and no private mortgage insurance. Additionally, the Cape Cod Commission and local lenders sometimes have resources for income-eligible buyers. These programs can be crucial for affording a home in Harwich's competitive market.
How does Harwich's location in a FEMA Flood Zone affect my mortgage process?
Many properties in Harwich, especially those near the coast or ponds, are in designated flood zones. Your lender will require a flood elevation certificate and mandate flood insurance as a condition of your mortgage. This is an essential and recurring cost to factor into your budget, as premiums can be significant depending on the property's risk level.
What should I know about property taxes and escrow when getting a mortgage in Harwich?
Harwich has its own property tax rate, which is typically included in your monthly mortgage payment via an escrow account. The lender will estimate your annual tax bill and collect a portion each month. It's important to note that tax assessments can change, especially after a home purchase, which may adjust your future escrow payments and monthly mortgage cost.
Are there specific considerations for getting a mortgage on a seasonal or vacation home in Harwich?
Absolutely. Financing a second home or investment property in Harwich often requires a larger down payment (typically 10-20% or more) and comes with a higher interest rate compared to a primary residence loan. Lenders will also scrutinize rental income potential if you plan to rent it out. Be prepared for stricter debt-to-income requirements and more documentation.
Nearby Cities
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Why Choose a Mortgage Lender in Harwich?
Local Market Knowledge
Lenders who understand Harwich'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 Harwich and get competitive rates on your home loan.