The Best Mortgage Lenders in Hull, MA
Compare verified mortgage lenders serving Hull, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hull
Featured Mortgage Lenders
Rockland Trust - Hull Branch
Rockland Trust Company
Rockland Trust is one of the most established and highly-rated community banks serving the South Shore region, with a physical branch conveniently located in Hull. They offer a comprehensive range of mortgage products with competitive local rates and have built a strong reputation for personalized service and community involvement. Their mortgage specialists provide in-person consultations and have deep knowledge of the unique coastal Hull real estate market, including flood zone considerations and waterfront properties common in the area.
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NFM Lending - Hingham Office
NFM Lending
NFM Lending's Hingham office serves the entire South Shore region including Hull and has earned exceptional ratings for their mortgage expertise and customer service. They specialize in finding creative financing solutions for diverse borrower profiles and have particular expertise with coastal properties. Their local loan officers understand the specific market dynamics of Hull and surrounding communities, offering competitive rates and streamlined digital processes while maintaining personalized service throughout the loan process.
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CrossCountry Mortgage - Quincy
CrossCountry Mortgage, LLC
CrossCountry Mortgage's Quincy location serves the entire South Shore area including Hull with excellent ratings for their comprehensive mortgage services. They offer a wide array of loan programs with competitive pricing and are known for their efficient processing and strong communication throughout the loan cycle. Their local team has extensive experience with the Massachusetts real estate market and provides personalized guidance for Hull homebuyers, particularly valuable for navigating the competitive coastal property market.
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Frequently Asked Questions
Common questions about mortgage lending in Hull, MA
What are current mortgage rates like for homes in Hull, MA?
Mortgage rates in Hull typically align with national averages but can be slightly influenced by the town's coastal location and higher insurance requirements. As of recent trends, you can expect rates in the 6.5-7% range for 30-year fixed loans, but working with a local lender who understands Hull's market can help you secure competitive terms. Rates can vary based on property type, especially for waterfront homes which may carry different risk assessments.
Are there any special mortgage considerations for buying a waterfront property in Hull?
Yes, waterfront properties in Hull often require additional considerations including higher insurance premiums for flood insurance, which lenders will factor into your debt-to-income ratio. You may also need specialized appraisals that account for coastal erosion risks and seawall conditions. Many lenders will require more substantial down payments for these properties due to their unique risk profile.
What first-time homebuyer programs are available specifically for Hull residents?
Hull homebuyers can access Massachusetts state programs like MassHousing and the ONE Mortgage program, which offer competitive rates and down payment assistance. Additionally, some local lenders may offer special programs considering Hull's seasonal economy and the need for year-round housing. The town also participates in community preservation initiatives that occasionally include affordable housing components.
How does Hull's seasonal rental market affect mortgage qualification for investment properties?
Lenders typically require 20-25% down for investment properties in Hull and may be cautious about relying solely on seasonal rental income for qualification. They'll want to see documented rental history and may only count a percentage of projected rental income, especially given the town's tourism-driven summer economy. Working with a lender familiar with Hull's seasonal market patterns is crucial.
What should I know about property taxes and insurance when getting a mortgage in Hull?
Hull property taxes are relatively high compared to many Massachusetts communities, currently around $12-14 per $1,000 of assessed value, which lenders will include in your monthly payment calculations. Additionally, due to Hull's coastal location, flood insurance is often required and can add $2,000-$5,000+ annually to your housing costs, which must be factored into your mortgage qualification.
Nearby Cities
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Why Choose a Mortgage Lender in Hull?
Local Market Knowledge
Lenders who understand Hull'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 Hull and get competitive rates on your home loan.