The Best Mortgage Lenders in West Chesterfield, MA
Compare verified mortgage lenders serving West Chesterfield, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in West Chesterfield
Featured Mortgage Lenders
Michael J. Moriarty Jr.
Moriarty Mortgage
Moriarty Mortgage is one of Western Massachusetts' most highly-rated independent mortgage brokers, serving the West Chesterfield area with exceptional personalized service. With over two decades of experience, Michael Moriarty and his team have built a stellar reputation for competitive rates, transparent communication, and guiding borrowers through complex loan scenarios. They specialize in both purchase and refinance loans with particular expertise in first-time homebuyer programs and government-backed loans. Their 4.9-star rating across multiple review platforms reflects their commitment to customer satisfaction and deep knowledge of the local real estate market.
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Member Services
UMassFive College Federal Credit Union
UMassFive College Federal Credit Union has been serving Western Massachusetts residents for over 55 years, including the West Chesterfield community. As a member-owned financial cooperative, they offer highly competitive mortgage rates and personalized service that consistently earns top ratings. Their mortgage team provides comprehensive guidance through the entire home financing process, with special programs for first-time buyers and flexible underwriting. The credit union's not-for-profit structure allows them to offer lower fees and better terms than many traditional banks, while their deep community roots ensure understanding of local market conditions.
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Mortgage Department
Freedom Mortgage
Freedom Mortgage is a nationally-recognized lender with strong presence throughout Massachusetts, including service to West Chesterfield homeowners. As one of the top VA and FHA lenders in the country, they bring extensive expertise in government-backed loan programs while offering competitive conventional financing. With over three decades of experience, they've helped thousands of Massachusetts residents achieve homeownership through their efficient digital platform and knowledgeable loan officers. Their high volume allows for competitive pricing, while their extensive review history demonstrates consistent customer satisfaction across a wide range of loan scenarios and borrower profiles.
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Frequently Asked Questions
Common questions about mortgage lending in West Chesterfield, MA
What are the current mortgage rates like for homes in West Chesterfield, MA?
Mortgage rates in West Chesterfield are generally competitive with national averages, but can be influenced by the town's rural nature and property types. For conventional 30-year fixed loans, rates typically range from the mid-6% to low-7% range as of 2024. It's wise to compare rates from both local Massachusetts lenders and national institutions, as some local lenders may offer special programs for rural properties common in West Chesterfield.
Are there any special mortgage programs for first-time homebuyers in West Chesterfield?
Yes, Massachusetts offers several first-time homebuyer programs that apply to West Chesterfield, including the MassHousing Mortgage with down payment assistance and favorable terms. Additionally, the USDA Rural Development Loan is particularly relevant for West Chesterfield given its rural designation, offering 100% financing with no down payment required for eligible borrowers and properties.
How does West Chesterfield's rural location affect the mortgage process?
West Chesterfield's rural setting can impact appraisals, as comparable properties may be farther apart, potentially requiring appraisers with specific local knowledge. Lenders may also consider factors like well and septic systems more carefully than in urban areas. The town's designation as a rural area makes many properties eligible for USDA loans, which can be advantageous for qualified buyers.
What should I know about property taxes and insurance when getting a mortgage in West Chesterfield?
West Chesterfield has relatively moderate property tax rates compared to larger Massachusetts cities, currently around $17.74 per $1,000 of assessed value. Homeowners insurance may be slightly higher than urban areas due to factors like distance from fire stations and the prevalence of older homes. Your lender will help you estimate these costs for your mortgage escrow account.
Are there any local down payment assistance programs specific to West Chesterfield homebuyers?
While there aren't programs exclusive to West Chesterfield, Hampshire County residents can access the ONE Mortgage Program, which offers low down payments and income-based assistance. The town's location also qualifies buyers for USDA Section 502 Direct Loans, which provide payment assistance to reduce mortgage payments for low-income applicants in rural areas like West Chesterfield.
Nearby Cities
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Why Choose a Mortgage Lender in West Chesterfield?
Local Market Knowledge
Lenders who understand West Chesterfield'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 West Chesterfield and get competitive rates on your home loan.