The Best Mortgage Lenders in Onset, MA
Compare verified mortgage lenders serving Onset, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Onset
Featured Mortgage Lenders
Michael Fitzgerald
Bay Coast Mortgage
Bay Coast Mortgage is one of the most highly-rated local mortgage lenders serving the Onset area, with exceptional customer satisfaction ratings and deep roots in the South Coast Massachusetts community. As a local mortgage broker with over two decades of experience, they offer personalized service and access to competitive rates from multiple lenders. Their team specializes in helping borrowers navigate the unique coastal Massachusetts real estate market and provides extensive guidance through the entire mortgage process.
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Brian O'Connell
Plymouth Home Mortgage
Plymouth Home Mortgage has built an outstanding reputation throughout Southeastern Massachusetts, including serving the Onset community with exceptional mortgage services. With two decades of experience, they combine local market expertise with competitive lending options. Customers consistently praise their responsive communication, transparent process, and ability to close loans efficiently. They specialize in both purchase and refinance mortgages with particular expertise in coastal property financing.
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Mortgage Department
St. Anne's Credit Union
St. Anne's Credit Union has been serving the financial needs of Onset and surrounding communities for generations, with their mortgage department earning excellent ratings for customer service and competitive rates. As a local credit union, they offer member-focused mortgage solutions with personalized attention and local decision-making. Their mortgage specialists are known for providing exceptional guidance to first-time homebuyers and offering some of the most competitive rates in the South Coast region.
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Frequently Asked Questions
Common questions about mortgage lending in Onset, MA
What are the current mortgage rates like for homes in Onset, MA?
Mortgage rates in Onset are generally competitive with national averages but can be slightly influenced by local market demand, especially given the town's popularity as a coastal community. As of late 2023, rates for a 30-year fixed mortgage typically range from the mid-6% to low-7% range, but it's wise to check with local lenders who understand seasonal fluctuations in this waterfront market.
Are there any special mortgage programs for first-time homebuyers in Onset?
Yes, Massachusetts offers several programs through MassHousing that are accessible to Onset homebuyers, including the MassHousing Mortgage with down payment assistance. Additionally, the ONE Mortgage Program provides affordable financing options with lower interest rates and down payments as low as 3%, which can be particularly helpful in Onset's competitive market.
How does Onset's coastal location affect mortgage lending requirements?
Due to Onset's position on Buzzards Bay, many properties may require additional flood insurance, which lenders will factor into your debt-to-income ratio. Some waterfront homes might also need specialized inspections for seawalls or erosion control, potentially affecting appraisal values and loan approval conditions.
What should I know about property taxes when getting a mortgage in Onset?
Onset falls under Wareham's tax jurisdiction, with a current residential tax rate of approximately $10.79 per $1,000 of assessed value (FY2024). Lenders will include these property taxes in your monthly escrow payments, and it's important to note that tax rates can change annually, potentially affecting your overall housing payment.
Are there any local down payment assistance programs specific to Onset homebuyers?
While there aren't programs exclusive to Onset, the Massachusetts Housing Partnership's ONE+Boston program (available statewide) and local credit unions like BayCoast Bank often offer competitive first-time homebuyer programs with down payment assistance. The Wareham Housing Authority may also have information about local affordable housing opportunities that include favorable mortgage terms.
Nearby Cities
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Why Choose a Mortgage Lender in Onset?
Local Market Knowledge
Lenders who understand Onset'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 Onset and get competitive rates on your home loan.