The Best Mortgage Lenders in North Falmouth, MA
Compare verified mortgage lenders serving North Falmouth, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in North Falmouth
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation of Cape Cod
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation of Cape Cod is consistently rated as one of the top mortgage lenders serving the Cape Cod region, including North Falmouth. With exceptional 4.9-star ratings across multiple review platforms, this locally-operated branch of the national lender combines the resources of a major mortgage company with personalized Cape Cod expertise. They specialize in coastal property financing and have deep experience with the unique real estate market dynamics of Falmouth and surrounding communities. Their team provides comprehensive guidance through the entire mortgage process with particular strength in jumbo loans and vacation home financing common in the area.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage's Sandwich office serves the entire Upper Cape region including North Falmouth with outstanding customer service and competitive rates. With a 4.8-star rating and nearly 200 reviews, they've built a strong reputation for efficient processing and personalized service. Their local loan officers have extensive knowledge of Falmouth's housing market, including waterfront properties and seasonal homes. The company is known for their innovative technology platform that streamlines the mortgage process while maintaining the personal touch crucial for complex coastal property transactions.
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Cape Cod Five Cents Savings Bank
The Cape Cod Five Cents Savings Bank
As the most established financial institution specifically serving Cape Cod communities, Cape Cod Five Cents Savings Bank has deep roots in North Falmouth with their nearby Falmouth branch. With over 160 years of community banking experience and a 4.7-star rating, they offer unparalleled local market knowledge and long-term relationship banking. Their mortgage specialists understand the specific challenges and opportunities of Falmouth real estate, including conservation restrictions, historic properties, and coastal zoning regulations. The bank consistently receives high marks for their responsive service and competitive local lending programs tailored to Cape Cod residents.
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Frequently Asked Questions
Common questions about mortgage lending in North Falmouth, MA
What are the current mortgage rates like in North Falmouth, MA?
Mortgage rates in North Falmouth typically align with national averages but can be slightly higher due to the Cape Cod coastal market. Currently, 30-year fixed rates range from 6.5% to 7.2% depending on credit score and loan type. Local lenders familiar with Falmouth's market can often provide competitive rates for both primary residences and vacation properties.
Are there any special mortgage programs for first-time homebuyers in North Falmouth?
Yes, Massachusetts offers several first-time homebuyer programs that apply in North Falmouth, including the MassHousing Mortgage with down payment assistance. Additionally, the Cape Cod Commission provides resources for affordable housing opportunities. These programs can help with lower down payments and competitive interest rates specifically for qualifying buyers in Barnstable County.
How does North Falmouth's coastal location affect mortgage requirements?
North Falmouth's coastal location often requires additional flood insurance for properties in flood zones, which lenders will factor into your debt-to-income ratio. Some lenders may have specific requirements for properties near the water, including higher insurance coverage. It's important to work with a local lender experienced with Cape Cod coastal properties to navigate these requirements.
What should I know about jumbo loans in North Falmouth's real estate market?
Given North Falmouth's higher-than-average home prices, jumbo loans are common here. These typically require stronger credit profiles (often 700+ FICO) and larger down payments (usually 15-20% minimum). Local lenders understand the Cape Cod market's unique appraisal challenges for luxury and waterfront properties that often require jumbo financing.
Are there property tax considerations I should factor into my mortgage in North Falmouth?
North Falmouth has property tax rates around $8.70 per $1,000 of assessed value, which is relatively moderate for Cape Cod. However, many homes have higher assessments due to waterfront or vacation property status. Lenders will escrow for these taxes, so factor in approximately 1.2-1.5% of the home's value annually for property taxes when calculating your total housing payment.
Nearby Cities
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Why Choose a Mortgage Lender in North Falmouth?
Local Market Knowledge
Lenders who understand North Falmouth'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 North Falmouth and get competitive rates on your home loan.