The Best Mortgage Lenders in Haverhill, MA
Compare verified mortgage lenders serving Haverhill, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Haverhill
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a nationally recognized mortgage lender with a strong local presence in Massachusetts, serving Haverhill and the Greater Boston area. They are highly rated for their competitive interest rates, efficient digital mortgage process, and exceptional customer service. With over two decades of experience, they offer a comprehensive range of loan products and have consistently high customer satisfaction scores, making them a top choice for homebuyers in Essex County.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is renowned for its fast loan closings and community-focused approach, with a significant presence in New England, including Haverhill. They boast high customer ratings for personalized service, transparency, and a wide variety of mortgage options. Their local loan officers are knowledgeable about the Haverhill market, and their commitment to customer satisfaction is reflected in numerous positive reviews and a strong track record of reliability.
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Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a top-rated lender with deep roots in Massachusetts, offering expert service to Haverhill residents. They are praised for their competitive rates, flexible loan programs, and hands-on support throughout the mortgage process. With nearly three decades of experience, their local team provides tailored solutions and has earned a reputation for reliability and high customer satisfaction, backed by extensive positive feedback from homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Haverhill, MA
Are there any special first-time homebuyer programs available specifically for Haverhill, MA?
Yes, Haverhill homebuyers can access the MassHousing Mortgage program, which offers competitive interest rates and down payment assistance. Additionally, the city sometimes partners with local organizations to provide grants or affordable housing opportunities for first-time buyers, particularly in designated neighborhood revitalization areas. It's worth checking with the Haverhill Office of Planning and Community Development for any active local initiatives.
How do property tax rates in Haverhill affect my mortgage payments?
Haverhill's property tax rate is approximately $14.24 per $1,000 of assessed value (FY2024), which is moderately high for Massachusetts. This will directly impact your monthly escrow payment included in your mortgage. When budgeting for your home purchase, factor in that property taxes can add several hundred dollars to your monthly payment depending on the home's value.
What are typical mortgage rates available to Haverhill homebuyers compared to national averages?
Haverhill mortgage rates typically align with Massachusetts state averages, which are often slightly higher than national averages due to the competitive Greater Boston housing market. However, local credit unions like Haverhill Bank often offer competitive rates, and working with lenders familiar with Merrimack Valley market conditions can sometimes secure better terms for qualified buyers.
Are there any neighborhood-specific lending considerations I should know about in Haverhill?
Yes, some lenders may have different requirements for Haverhill's various neighborhoods, particularly regarding older homes in historic districts like Bradford or downtown. Homes in these areas might require specialized inspections or have stricter appraisal requirements due to their age and preservation status. Additionally, flood zone considerations near the Merrimack River can affect insurance requirements and loan terms.
How does Haverhill's competitive housing market impact the mortgage pre-approval process?
Given Haverhill's popularity as an affordable alternative to Boston, having a strong pre-approval is crucial. Sellers often expect pre-approvals from local lenders who understand the market's pace and home values. A thorough pre-approval that includes underwriting review can make your offer more competitive in multiple-bid situations common in desirable Haverhill neighborhoods like Riverside.
Nearby Cities
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Why Choose a Mortgage Lender in Haverhill?
Local Market Knowledge
Lenders who understand Haverhill'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 Haverhill and get competitive rates on your home loan.