The Best Mortgage Lenders in Hyannis, MA
Compare verified mortgage lenders serving Hyannis, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hyannis
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Hyannis, known for its competitive rates and innovative digital mortgage platform. With over two decades of experience, they excel in customer satisfaction, offering a seamless online application process and personalized service from local loan officers. Their high ratings stem from transparency, fast closings, and a wide range of loan products tailored to Cape Cod homebuyers and refinancers.
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Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with deep roots in the Hyannis area, praised for exceptional customer service and community involvement. Founded in 1996, they combine local expertise with national resources, providing competitive rates and flexible loan options. Their dedicated loan officers build strong relationships with clients, ensuring a smooth mortgage process from application to closing, backed by numerous positive reviews for reliability and support.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage stands out for its commitment to fast, efficient service and community engagement in Hyannis. Since 2008, they have built a strong reputation for personalized mortgage solutions and competitive rates, with a focus on streamlining the loan process for quick approvals. Their local agents are known for going the extra mile, supported by a culture of giving back to the Cape Cod community, making them a trusted choice for homebuyers seeking reliability and high customer satisfaction.
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Frequently Asked Questions
Common questions about mortgage lending in Hyannis, MA
What are the current mortgage rates like in Hyannis, MA compared to the rest of Massachusetts?
Mortgage rates in Hyannis are generally in line with state and national averages, but can be slightly influenced by the Cape's seasonal economy and higher insurance costs. It's wise to compare offers from both local Cape Cod lenders and national institutions, as local lenders may have more experience with the unique aspects of the Hyannis market, such as flood zone considerations.
Are there any special loan programs for first-time homebuyers in Hyannis?
Yes, the Massachusetts Housing Partnership's "ONE Mortgage" program is a popular option for first-time buyers in Hyannis, offering a low down payment and no private mortgage insurance. Additionally, the Barnstable County-based "Housing Assistance Corporation" (HAC) offers down payment assistance and homebuyer education courses specifically tailored to the financial realities of living on Cape Cod.
How does Hyannis being in a coastal area affect the mortgage process?
Purchasing a home in Hyannis often requires a separate flood insurance policy, as many properties are in FEMA-designated flood zones. Your lender will require a flood certification, and this mandatory insurance cost must be factored into your debt-to-income ratio, which can impact your borrowing power and monthly housing expenses.
What is a typical down payment needed for a condo in Hyannis?
For a condo in Hyannis, lenders often require a higher down payment, typically 15-25%, especially for older buildings or complexes that may not meet all Fannie Mae warrantability guidelines. This is a common consideration in the Cape's mature condo market, and a local mortgage broker can help you navigate the specific requirements for your chosen property.
How does the seasonal tourism economy in Hyannis impact mortgage approval for local workers?
If your income is seasonal or reliant on tips (common in Hyannis's tourism and service industries), mortgage lenders will typically require a two-year history of such earnings and will average your income over that period. You'll need to provide thorough documentation, such as tax returns and profit/loss statements, to demonstrate stable and predictable earnings.
Nearby Cities
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Why Choose a Mortgage Lender in Hyannis?
Local Market Knowledge
Lenders who understand Hyannis'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 Hyannis and get competitive rates on your home loan.