The Best Mortgage Lenders in Middleboro, MA
Compare verified mortgage lenders serving Middleboro, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Middleboro
Featured Mortgage Lenders
Leader Bank
Leader Bank, N.A.
Leader Bank is a highly-rated local institution with deep roots in Eastern Massachusetts, known for exceptional customer service and competitive mortgage rates. They specialize in personalized lending solutions for homebuyers in Middleboro and surrounding areas, offering a full range of loan products with a focus on community engagement and swift, transparent processes. Their strong reputation is backed by numerous positive reviews highlighting reliability and expertise.
Loan Types:
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-ranked national mortgage lender with a significant presence in Massachusetts, offering innovative digital tools and competitive rates for Middleboro residents. They are praised for their efficient application process, extensive loan options, and high customer satisfaction scores. With decades of experience, they provide expert guidance and flexible solutions tailored to individual needs.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender known for its community-focused approach and fast closing times, serving Middleboro through local loan officers. They offer a wide array of mortgage products with an emphasis on customer education and support. Their strong track record, competitive rates, and dedication to service make them a preferred choice for homebuyers in the region.
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Frequently Asked Questions
Common questions about mortgage lending in Middleboro, MA
What are the current average mortgage rates for homebuyers in Middleboro, MA?
Mortgage rates in Middleboro typically align with national averages but can be influenced by local market conditions. As of recent data, 30-year fixed rates in the area generally range from 6.5% to 7.25%, though rates vary by lender, credit score, and loan type. It's advisable to compare offers from multiple local lenders and credit unions for the best Middleboro-specific rates.
Are there any first-time homebuyer programs specifically available in Middleboro?
Yes, Middleboro homebuyers can access Massachusetts state programs like MassHousing and the ONE Mortgage program, which offer competitive interest rates and low down payment options. Additionally, the Town of Middleboro may occasionally offer local down payment assistance programs, so checking with the Middleboro Town Hall or a local housing counselor is recommended for current availability.
How does Middleboro's property tax rate affect my mortgage payments?
Middleboro's property tax rate is approximately $14.92 per $1,000 of assessed value (FY2024), which is relatively moderate for southeastern Massachusetts. This tax rate will be factored into your monthly escrow payment as part of your total mortgage payment, adding roughly $249-$373 monthly for a $200,000-$300,000 home, depending on exact assessment.
What special considerations should I know about getting a mortgage for older homes in Middleboro's historic areas?
Many Middleboro homes, particularly in historic districts like the Four Corners area, were built before 1950 and may require specialized inspections and potentially FHA 203(k) renovation loans. Lenders may require additional documentation for older electrical, plumbing, or foundation systems, so working with a local lender experienced with Middleboro's historic properties is advantageous.
Are there any local Middleboro programs that help with down payments or closing costs?
While Middleboro doesn't currently have a town-specific program, homebuyers can utilize statewide programs like the MassHousing Down Payment Assistance program, which provides up to $15,000-$50,000 in assistance. Some Middleboro lenders also offer closing cost grants or special programs for educators, healthcare workers, or municipal employees serving the community.
Nearby Cities
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Why Choose a Mortgage Lender in Middleboro?
Local Market Knowledge
Lenders who understand Middleboro'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 Middleboro and get competitive rates on your home loan.