The Best Mortgage Lenders in Quincy, MA
Compare verified mortgage lenders serving Quincy, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Quincy
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in the Greater Boston area, including Quincy. Known for its competitive rates, digital mortgage process, and exceptional customer service, the company has consistently high ratings across multiple review platforms. With over two decades of experience, they offer a wide range of loan products and are praised for their efficiency and transparency in the home financing process.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly regarded lender with a dedicated office in Braintree, serving the Quincy area effectively. They are recognized for their fast loan closings, community involvement, and personalized service. With a focus on borrower education and support, they have built a strong reputation for reliability and customer satisfaction, making them a popular choice for homebuyers in Southeastern Massachusetts.
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Leader Bank
Leader Bank, N.A.
Leader Bank is a well-established community bank with a strong presence in the Greater Boston region, including Quincy. They are known for their competitive mortgage rates, local decision-making, and high level of customer care. With over 20 years of experience, they offer a variety of loan options and are frequently praised for their responsive service and expertise in the Massachusetts housing market.
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Frequently Asked Questions
Common questions about mortgage lending in Quincy, MA
What are the current mortgage rates like in Quincy, MA?
Mortgage rates in Quincy typically align with national averages but can be slightly higher than the national median due to the competitive Greater Boston housing market. As of late 2023, 30-year fixed rates in Quincy generally range between 6.5-7.5%, but it's essential to get personalized quotes from local lenders as rates fluctuate frequently based on credit score, loan type, and market conditions.
Are there any first-time homebuyer programs specifically for Quincy residents?
Yes, Quincy homebuyers can access Massachusetts' state-wide programs like MassHousing and the ONE Mortgage Program, which offer competitive interest rates, down payment assistance, and lower mortgage insurance requirements. Additionally, some local lenders may offer special programs for Quincy teachers, municipal employees, or healthcare workers given the city's significant employment in these sectors.
How does Quincy's proximity to Boston affect mortgage lending requirements?
Quincy's status as a Boston metro area city means lenders often apply stricter debt-to-income ratios and require stronger credit profiles due to the higher cost of living and competitive market. You'll typically need a higher income to qualify for mortgages in Quincy compared to more rural Massachusetts areas, and lenders may require additional documentation to verify employment stability given the commuter-heavy workforce.
What special considerations should I know about getting a mortgage for Quincy's older homes?
Many Quincy homes built before 1950 may require specialized FHA 203(k) or HomeStyle Renovation loans to address potential lead paint, outdated electrical systems, or foundation issues common in New England's historic properties. Lenders often require more thorough inspections and may mandate escrow holds for necessary repairs before finalizing the mortgage, particularly in neighborhoods like Wollaston or Merrymount with many century-old properties.
Are there any city-specific property tax considerations that affect mortgages in Quincy?
Quincy offers a residential exemption that can reduce property taxes for owner-occupants, which lenders consider when calculating your overall housing payment affordability. However, Quincy's property tax rates are above the state average, so lenders will carefully assess your ability to handle both mortgage payments and higher property taxes, particularly in desirable areas like Adams Shore or Marina Bay where assessments have risen significantly.
Why Choose a Mortgage Lender in Quincy?
Local Market Knowledge
Lenders who understand Quincy'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 Quincy and get competitive rates on your home loan.