The Best Mortgage Lenders in Stoughton, MA
Compare verified mortgage lenders serving Stoughton, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Stoughton
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Eastern Massachusetts, including Stoughton. Known for its digital-first approach and competitive rates, the company has earned high customer satisfaction for its efficient online application process and personalized service. With over two decades of experience, they offer a wide range of loan products and have consistently high ratings for transparency and speed in closing. Their Boston office serves the Stoughton area with dedicated local advisors.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with a robust presence in the South Shore region, including Stoughton. They are celebrated for exceptional customer service, competitive rates, and a wide array of loan options tailored to local needs. With nearly three decades in business, they have built a strong track record for reliability and community involvement. Customers frequently praise their responsive loan officers and smooth, stress-free closing processes, making them a top choice for homebuyers in the area.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a nationally recognized lender with a dedicated local team serving Stoughton and the broader South Shore area. They are known for their fast processing times, competitive rates, and strong emphasis on customer satisfaction. Founded in 2008, they have quickly grown into a trusted name, offering innovative loan products and a community-focused approach. Their high ratings stem from personalized service, transparency, and a commitment to making the mortgage process straightforward and accessible for all types of borrowers.
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Frequently Asked Questions
Common questions about mortgage lending in Stoughton, MA
What are the current mortgage rates like for homebuyers in Stoughton, MA?
Mortgage rates in Stoughton typically align with national averages but can vary based on local lender competition and property specifics. Currently, rates for 30-year fixed mortgages in the area range from 6.5% to 7.2%, though Stoughton buyers should check with local credit unions like Stoughton Co-operative Bank for potential member discounts. Your specific rate will depend on credit score, loan amount, and down payment percentage.
Are there any first-time homebuyer programs specifically for Stoughton residents?
Yes, Stoughton homebuyers can access Massachusetts' state-wide programs like MassHousing and ONE Mortgage, which offer competitive rates and low down payment options. Additionally, the Town of Stoughton occasionally partners with organizations like NeighborWorks Housing Solutions to provide homebuyer education and down payment assistance. These programs are particularly valuable given Stoughton's median home prices being slightly below Boston metro averages.
How does Stoughton's property tax rate affect my mortgage payments?
Stoughton's current property tax rate of $14.74 per $1,000 valuation means property taxes significantly impact your monthly mortgage payment, as lenders typically include them in escrow calculations. For a typical $500,000 Stoughton home, expect approximately $7,370 annually in property taxes ($614 monthly). This rate is moderately higher than some surrounding communities but lower than many other eastern Massachusetts towns.
What special considerations should I know about getting a mortgage for Stoughton's older homes?
Many Stoughton homes built before 1950 may require additional inspections and potentially FHA 203(k) or HomeStyle Renovation loans to address outdated electrical, plumbing, or foundation issues. Lenders often require thorough home inspections and may mandate repairs before closing, particularly for homes in Stoughton's historic districts. Budgeting for higher insurance and maintenance costs is also advisable with older properties.
Are there any local down payment assistance programs available in Stoughton?
While Stoughton doesn't have its own municipal program, buyers can access several Bristol County and Massachusetts programs. The MassDREAMS program offers forgivable grants up to $50,000 for eligible first-time buyers, and the ONE Mortgage program provides down payment assistance with just 3% down. Stoughton buyers should also explore programs through local lenders like HarborOne Bank that sometimes offer community-specific incentives.
Why Choose a Mortgage Lender in Stoughton?
Local Market Knowledge
Lenders who understand Stoughton'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 Stoughton and get competitive rates on your home loan.