The Best Mortgage Lenders in Weymouth, MA
Compare verified mortgage lenders serving Weymouth, Massachusetts. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Weymouth
Featured Mortgage Lenders
Brian Sousa
CrossCountry Mortgage
CrossCountry Mortgage's Braintree office, led by Branch Manager Brian Sousa, is one of the highest-rated mortgage lenders serving the South Shore area including Weymouth. With over 15 years of experience and nearly 200 excellent reviews, this team is known for exceptional customer service, competitive rates, and expertise with various loan programs. Their local presence combined with national lending power provides Weymouth homebuyers with comprehensive mortgage solutions and personalized guidance throughout the entire process.
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Metro Credit Union
As Massachusetts' largest state-chartered credit union, Metro Credit Union has been serving Weymouth and the Greater Boston area for nearly a century. With outstanding member satisfaction ratings and deep community roots, they offer highly competitive mortgage rates and personalized service. Their mortgage specialists provide expert guidance on various loan programs with the added benefit of credit union member advantages, including lower fees and exceptional customer care throughout the homebuying journey.
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Michael McKeown
NFM Lending
NFM Lending's Hingham branch, serving the South Shore including Weymouth, is consistently ranked among the top mortgage lenders in Massachusetts. With over two decades of experience and exceptional customer satisfaction ratings, they specialize in providing personalized mortgage solutions with competitive rates. Their team, led by experienced loan officers, is particularly skilled with VA loans and first-time homebuyer programs, offering comprehensive support from application to closing with local expertise and national lending capabilities.
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Frequently Asked Questions
Common questions about mortgage lending in Weymouth, MA
Are there any first-time homebuyer programs specific to Weymouth, MA that can help with down payment or closing costs?
Yes, the Massachusetts Housing Partnership's ONE Mortgage Program is popular in Weymouth and offers a low down payment (as little as 3%), reduced mortgage insurance, and competitive interest rates. Additionally, the MassHousing Mortgage program provides down payment assistance to eligible first-time buyers purchasing in Weymouth, which can be particularly helpful given the town's median home prices.
How do Weymouth's property tax rates affect my mortgage payments and affordability?
Weymouth's property tax rate is approximately $12.20 per $1,000 of assessed value (FY2024), which is slightly above the state average. This means your monthly mortgage payment will include a higher escrow portion for property taxes compared to some neighboring towns. When calculating affordability, factor in an additional $300-500 monthly for taxes on a typical Weymouth home.
What special considerations should I know about getting a mortgage for Weymouth's older homes?
Many homes in Weymouth's historic districts and established neighborhoods were built before 1950, so mortgage lenders often require more thorough inspections and may mandate repairs for health/safety issues before closing. Consider an FHA 203(k) renovation loan if the home needs significant updates, as this allows you to finance both purchase and repairs in one mortgage.
Are there any local Weymouth mortgage lenders who understand the specific neighborhoods and market conditions better?
Several South Shore-based lenders like South Shore Bank and Rockland Trust have deep knowledge of Weymouth's unique market dynamics, including neighborhood variations between North Weymouth, South Weymouth, and East Weymouth. These local institutions often have more flexible underwriting for Weymouth properties and can provide valuable insights about specific areas.
How does Weymouth's coastal location impact mortgage requirements, particularly for flood insurance?
Many Weymouth properties near the Back River, Fore River, or coastal areas require flood insurance, which mortgage lenders will mandate if the home is in a FEMA-designated flood zone. This additional insurance cost ($500-$2,000+ annually) must be included in your debt-to-income ratio calculations and will be escrowed with your monthly mortgage payment.
Nearby Cities
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Why Choose a Mortgage Lender in Weymouth?
Local Market Knowledge
Lenders who understand Weymouth'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 Weymouth and get competitive rates on your home loan.