The Best Mortgage Lenders in Revere, MA
Compare verified mortgage lenders serving Revere, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Revere
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong presence in the Boston metropolitan area, including Revere. Founded in 2000, it has built a reputation for competitive rates, efficient online application processes, and excellent customer service. With over 24 years of experience, the company offers a wide range of loan products and is known for its quick closing times and high customer satisfaction scores. Their local office in Boston ensures personalized service for Revere residents, backed by numerous positive reviews highlighting professionalism and reliability.
Loan Types:
CrossCountry Mortgage
CrossCountry Mortgage, LLC
CrossCountry Mortgage is a highly regarded lender serving Revere and the greater New England region since 2003. With 21 years of experience, they are praised for their extensive loan options, including government-backed programs, and their commitment to customer education and support. The company has a strong local presence with offices in nearby Beverly, offering personalized service and competitive rates. Reviews frequently highlight their responsive communication and smooth loan processes, making them a trusted choice for homebuyers in the area.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a reputable lender founded in 2008, known for its community-focused approach and efficient service in the Boston area, including Revere. With 16 years of experience, they specialize in various loan types and are recognized for their competitive rates and fast processing times. The company emphasizes local engagement and customer satisfaction, with many reviews commending their helpful staff and straightforward application process. Their Boston office provides accessible support for Revere clients, ensuring a reliable and positive mortgage experience.
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Frequently Asked Questions
Common questions about mortgage lending in Revere, MA
What are the current mortgage rates like for homes in Revere, MA?
Mortgage rates in Revere typically align with national averages but can be slightly influenced by Massachusetts' competitive housing market. As of recent trends, rates for 30-year fixed mortgages in the area range from 6.5% to 7%, though this varies by lender and borrower qualifications. It's wise to compare local lenders and credit unions who understand Revere's specific market dynamics.
Are there any first-time homebuyer programs specific to Revere that can help with down payments?
Yes, Revere homebuyers can access Massachusetts state programs like MassHousing and ONE Mortgage, which offer low down payment options and competitive rates. Additionally, the City of Revere occasionally partners with organizations to provide down payment assistance grants for income-eligible buyers. These programs are particularly valuable given Revere's proximity to Boston and rising home prices.
How does Revere's coastal location affect mortgage lending requirements?
Revere's coastal properties may require additional flood insurance, which lenders typically mandate for homes in FEMA-designated flood zones. This can affect your overall monthly payment and loan approval process. It's crucial to work with a lender familiar with coastal Massachusetts properties who can help you account for these additional costs during pre-approval.
What types of properties are most common in Revere's mortgage market?
Revere's housing stock primarily consists of multi-family homes (two and three-family), single-family residences, and condominiums. Multi-family properties are particularly popular as they can generate rental income to help offset mortgage costs. Lenders in Revere are experienced with financing these property types, though condos may have additional review requirements from the lender.
How competitive is the mortgage pre-approval process in Revere's housing market?
Given Revere's desirable location near Boston and relatively affordable prices compared to surrounding areas, the market remains competitive. A strong pre-approval with local lender verification is essential when making offers. Many successful buyers work with lenders who can provide quick underwriting turnarounds and understand the pace of Revere's real estate market.
Why Choose a Mortgage Lender in Revere?
Local Market Knowledge
Lenders who understand Revere'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 Revere and get competitive rates on your home loan.