The Best Mortgage Lenders in Fiskeville, RI
Compare verified mortgage lenders serving Fiskeville, Rhode Island. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Fiskeville
Featured Mortgage Lenders
People's Credit Union Mortgage Department
People's Credit Union
People's Credit Union is one of Rhode Island's most trusted financial institutions with deep roots in the community. While headquartered in Cranston (just minutes from Fiskeville), they serve the entire state with exceptional mortgage services. Their mortgage team receives consistently outstanding reviews for personalized service, competitive rates, and guiding borrowers through the entire process. As a local credit union, they offer unique benefits including lower fees, community-focused lending, and specialized first-time homebuyer programs specifically designed for Rhode Island residents.
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Narragansett Mortgage Company
Narragansett Mortgage Company
Narragansett Mortgage Company has been a premier mortgage lender serving Rhode Island homeowners for three decades. Located in nearby Warwick, they have extensive experience serving the Fiskeville area and throughout the state. They consistently earn nearly perfect ratings for their exceptional customer service, deep local market knowledge, and ability to secure competitive rates. As a local mortgage broker, they work with multiple lenders to find the best possible terms for each borrower's unique situation, making them particularly valuable for complex financing needs.
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Washington Trust Mortgage Center
The Washington Trust Company
As New England's oldest community bank, Washington Trust brings unparalleled stability and local expertise to mortgage lending throughout Rhode Island. While headquartered in Westerly, they have multiple branches serving the greater Providence area including Fiskeville. Their mortgage division receives excellent reviews for competitive rates, transparent process, and exceptional long-term customer relationships. With over two centuries of serving Rhode Island communities, they offer deep local market knowledge and specialized mortgage programs tailored to the state's unique housing market.
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Frequently Asked Questions
Common questions about mortgage lending in Fiskeville, RI
Are there any special first-time homebuyer programs available specifically for Fiskeville, RI?
Yes, Rhode Island Housing offers statewide programs like the FirstHomes loan with competitive rates and down payment assistance, which are accessible to Fiskeville buyers. Additionally, it's wise to check with local lenders who may have knowledge of any municipal or regional grants or programs specific to the Smithfield/Scituate area that could provide additional closing cost assistance.
How do property taxes in Fiskeville, RI, impact my mortgage payments and affordability?
Fiskeville is part of the town of Scituate, which has a property tax rate that is generally lower than the Rhode Island state average. Your lender will calculate an escrow payment for taxes as part of your monthly mortgage payment. It's crucial to factor in Scituate's current tax rate (and any potential revaluation impacts) when determining your total monthly housing cost, as this directly affects your debt-to-income ratio.
What are typical down payment requirements for homes in Fiskeville's market?
While 20% down is standard to avoid private mortgage insurance (PMI), many buyers in Fiskeville utilize conventional loans with 3-5% down or FHA loans with 3.5% down, especially given the area's mix of single-family homes and more affordable condos. Local lenders familiar with the market can advise on the best structure, as some older homes in the area may have appraisal considerations that affect loan type.
Does Fiskeville's location in a rural part of Rhode Island affect mortgage loan options?
Potentially, yes. Some properties in and around Fiskeville may qualify for USDA Rural Development loans, which offer 100% financing with no down payment. A lender can determine if a specific property's address falls within an eligible USDA zone, which can be a significant advantage for eligible buyers in this community.
How competitive is the mortgage rate environment for a buyer in Fiskeville compared to the rest of Rhode Island?
Mortgage rates are primarily set by national markets, so Fiskeville buyers will see similar rates to those in Providence or Warwick. However, your final rate will depend on your personal credit profile and the specific lender. Working with a local credit union or community bank in Rhode Island can sometimes provide more personalized service and potentially competitive terms for in-state borrowers.
Why Choose a Mortgage Lender in Fiskeville?
Local Market Knowledge
Lenders who understand Fiskeville'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 Rhode Island.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Fiskeville and get competitive rates on your home loan.