The Best Mortgage Lenders in Manomet, MA
Compare verified mortgage lenders serving Manomet, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Manomet
Featured Mortgage Lenders
Michael J. Arouca
Guaranteed Rate
Guaranteed Rate is one of the nation's largest retail mortgage lenders with a strong local presence in Plymouth County. Michael Arouca's Plymouth office has built an exceptional reputation for providing competitive rates and streamlined digital mortgage processes. They are particularly noted for their efficient closing times and excellent communication throughout the loan process. With hundreds of positive reviews highlighting their expertise in coastal Massachusetts properties, they serve Manomet homeowners with comprehensive loan options including specialized programs for waterfront and vacation properties common in the area.
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BayCoast Mortgage
BayCoast Bank
As a community-focused financial institution serving Southeastern Massachusetts, BayCoast Mortgage has deep roots in the region including Plymouth County. Their mortgage team receives consistent praise for personalized service and local underwriting expertise. They offer particularly strong first-time homebuyer programs and construction loans, which are valuable for Manomet's mix of historic properties and new construction. Customers frequently mention their competitive rates and the advantage of working with a local lender who understands the unique aspects of coastal Massachusetts real estate.
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Jason R. Ricker
Fairway Independent Mortgage Corporation
Jason Ricker's Fairway Independent Mortgage office in Plymouth has established itself as one of the top-rated mortgage lenders serving the Manomet area. With nearly two decades of experience, Ricker and his team specialize in providing customized mortgage solutions for South Shore homeowners. They are particularly recognized for their expertise in jumbo loans and investment property financing, which are relevant to Manomet's higher-value coastal properties. The team receives consistent praise for their responsiveness, attention to detail, and ability to navigate complex loan scenarios while maintaining competitive rates and smooth closing processes.
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Frequently Asked Questions
Common questions about mortgage lending in Manomet, MA
What are current mortgage rates like in Manomet, MA compared to the national average?
Mortgage rates in Manomet typically align with national averages but can be slightly higher due to Massachusetts' competitive coastal market. As of 2024, you can expect rates to range between 6.5-7.5% for 30-year fixed mortgages, though this varies by lender and borrower qualifications. Local lenders familiar with Plymouth County often offer competitive rates for Manomet properties.
Are there any special mortgage programs for first-time homebuyers in Manomet?
Yes, Massachusetts offers several first-time homebuyer programs that apply in Manomet, including the MassHousing Mortgage with down payment assistance and the ONE Mortgage program with reduced interest rates. Additionally, Plymouth County-specific programs sometimes offer closing cost assistance for qualified buyers purchasing in Manomet's coastal community.
How does Manomet's coastal location affect mortgage requirements?
Manomet's coastal position may require additional flood insurance for properties in designated flood zones, which lenders will factor into your debt-to-income ratio. Some lenders may also have specific requirements for properties near the shoreline, including higher down payments or additional inspections for homes exposed to coastal weather conditions.
What should I know about property taxes when getting a mortgage in Manomet?
Manomet follows Plymouth's property tax rates, which were approximately $14.22 per $1,000 of assessed value in 2024. Lenders will include these taxes in your monthly escrow payments, and it's important to note that Plymouth's tax rates have been gradually increasing, potentially affecting your overall housing payment calculation.
Are there any local down payment assistance programs specific to Manomet homebuyers?
While no programs are exclusive to Manomet, Plymouth County offers the HOME Investment Partnerships Program that provides down payment assistance to income-eligible buyers. The Town of Plymouth also occasionally offers community preservation funds that can be used for affordable housing, which may benefit Manomet residents meeting specific criteria.
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Why Choose a Mortgage Lender in Manomet?
Local Market Knowledge
Lenders who understand Manomet'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 Manomet and get competitive rates on your home loan.