The Best Mortgage Lenders in West Yarmouth, MA
Compare verified mortgage lenders serving West Yarmouth, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in West Yarmouth
Featured Mortgage Lenders
Guaranteed Rate
Guaranteed Rate, Inc.
Guaranteed Rate is a top-rated national mortgage lender with a strong local presence in Hyannis, serving West Yarmouth and the broader Cape Cod area. Known for its competitive rates and innovative digital mortgage platform, the company has earned high customer satisfaction scores for its efficient processing and personalized service. With over two decades of experience, they specialize in a wide range of loan products, including first-time homebuyer programs and jumbo loans, backed by numerous industry awards and a commitment to transparency.
Loan Types:
Fairway Independent Mortgage
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage is a highly reputable lender with a dedicated office in Mashpee, providing extensive mortgage services to West Yarmouth residents. Praised for exceptional customer service and competitive rates, they offer a comprehensive suite of loan options, including government-backed programs and construction loans. Their team of local experts ensures a smooth, personalized experience, supported by high review ratings and a long track record of reliability in the Cape Cod market.
Loan Types:
Cape Cod Five Cents Savings Bank
Cape Cod Five Cents Savings Bank
As a cornerstone of the Cape Cod community, Cape Cod Five Cents Savings Bank offers deeply rooted, personalized mortgage lending services directly in West Yarmouth. With over a century of experience, they are renowned for their local expertise, competitive rates, and strong customer relationships. They provide a full range of mortgage products, including specialized options for vacation homes and investment properties, and are consistently highly rated for their reliability and community involvement.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in West Yarmouth, MA
What are the current mortgage rates like for homes in West Yarmouth, MA?
Mortgage rates in West Yarmouth typically align with national averages but can be slightly influenced by Cape Cod's seasonal market fluctuations. Currently, rates for 30-year fixed mortgages range from 6.5% to 7.25% depending on credit score and loan type. It's advisable to work with a local lender familiar with Barnstable County's unique market conditions.
Are there any special mortgage programs for first-time homebuyers in West Yarmouth?
Yes, Massachusetts offers several programs through MassHousing that are particularly beneficial for West Yarmouth buyers. These include the MassHousing Mortgage with down payment assistance and the ONE Mortgage program for first-time buyers with lower incomes. Additionally, Cape Cod-specific programs may offer additional support for year-round residents in this seasonal community.
How does West Yarmouth's coastal location affect mortgage lending requirements?
West Yarmouth's coastal position requires special considerations, particularly flood insurance for properties in flood zones. Lenders typically require elevation certificates and may have stricter requirements for homes near the water. Properties within designated flood zones will require flood insurance as a condition of the mortgage, adding to your monthly housing costs.
What should I know about property taxes when getting a mortgage in West Yarmouth?
West Yarmouth property taxes are collected by the Town of Yarmouth, with current rates around $9.12 per $1,000 of assessed value. Your mortgage lender will typically require you to escrow for property taxes, meaning you'll pay 1/12 of the annual tax bill with each mortgage payment. Be aware that tax rates can change annually based on town budget needs.
Are there specific loan considerations for purchasing seasonal/vacation properties in West Yarmouth?
Yes, investment property or second home mortgages in West Yarmouth often require larger down payments (typically 20-30%) and may have slightly higher interest rates than primary residence loans. Lenders may also require proof of rental income potential if you plan to rent the property during summer months. These requirements are particularly relevant in West Yarmouth's popular vacation market.
Nearby Cities
Explore mortgage lenders in cities near West Yarmouth, MA
Why Choose a Mortgage Lender in West Yarmouth?
Local Market Knowledge
Lenders who understand West Yarmouth'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 Yarmouth and get competitive rates on your home loan.