Top 5 VA Lenders in Massachusetts 2019
If you’re an active or retired member of the United States Armed Forces looking to purchase a home in Massachusetts, there are some amazing mortgage solutions available to you. Massachusetts is home to almost 7 million people, and with today’s mortgage rates as low as they are, the housing market is ready for serious home buyers. Home values have increased by roughly 5.4 percent between December of 2017 through 2018 and are forecasted to rise another 7.9% through 2019.
The rising home values make it essential for home buyers on the market for a mortgage loan to do everything they can to keep their housing costs as low as possible. Getting a great mortgage would probably be the best place to start. And, since VA loans offer amazing benefits that include low interest rates, zero down payment requirements, no prepayment penalties, and no required mortgage insurance, they’re often some of the most desirable loans for current or ex-military home buyers like you.
In this article, we’ll review the best VA approved lenders in Massachusetts and how they can help you on your quest to home ownership.
#1 Massachusetts VA Lender: Mortgage Network, Inc.
Mortgage Network, Inc. claims to be one of the most trusted mortgage lenders on the East Coast, and it has the reviews to back it up. Plus, Mortgage Network, Inc. is headquartered in Danvers, MA, so borrowers will be relieved to know they’re doing business locally. Though the company is based in Massachusetts and has more than 10 locations throughout the state, they also have branches in a variety of other states, including Maine, New Hampshire, Delaware, Florida, New Jersey, Maryland, South Carolina, and Rhode Island.
Mortgage Network, Inc. is not only approved to issue VA loans, but also originates FHA loans, USDA loans, and conventional loans, so even if you decide that an VA loan isn’t the right choice for you, Mortgage Network can still help you achieve home financing.
#2 Massachusetts VA Lender: Leader Bank, N.A.
Leader Bank, founded in Arlington, Massachusetts, in 2002, consistently ranks as one of the best local mortgage lenders in the Old Bay State. While the bank considers itself a community establishment, it isn’t quite a mom and pop shop; with over 250 employees, the bank closed more than $2 billion of residential and commercial loans in 2018 alone.
#3 Massachusetts VA Lender: New American Funding
The good folks over at New American Funding know how to give people a great mortgage experience. For first time home buyers, their commitment to providing affordable VA financing is nearly unrivaled.
The proof is in the reviews from past clients who consistently comment on the extraordinary diligence and overall sincerity of the New American Funding team. Home buyers who choose to finance their home purchase with NAF are in the hands of a knowledgeable and hard-working group.
The New American Funding team leaves no questions unanswered and is almost never out of reach. They are also quite adept at reducing the closing costs of mortgages down to the bare minimum, in an effort to provide home loans of the highest up-front affordability.
#4 Massachusetts VA Lender: Academy Mortgage Corporation
Academy Mortgage Corporation has been around since 1988, and has made a name for themselves on a national scale. The company is committed to responsible lending practices, especially with the ever-changing economy of today.
Unlike many mortgage brokers around, Academy Mortgage Corporation has the advantage of being a direct mortgage lender. This means that they handle all loan processing, underwriting, closings, and funding at their local branch offices.
Being a direct lender, means being able to close mortgage loan transactions as efficiently and quickly as possible, sometimes even in a matter of days! With the security and efficiency of their in-house loan origination and management, they are one of the best when it comes to speedy and affordable VA financing!
#5 Massachusetts VA Lender: CrossCountry Mortgage
CrossCountry Mortgage is one of the largest and fastest growing lenders in the United States. Since it was founded in 2003, CrossCountry Mortgage has done its best to meet the rapidly changing needs of the consumer. While it started as simply a small mortgage brokerage, today, CrossCountry Mortgage offers a wide variety of loans, including VA home loans, refinancing, home equity loans, and more.
While the company does have a robust online presence, with applications that can easily be filled out online, it also boasts a strong workforce of mortgage brokers. Its website even has an easy search function that allows potential borrowers to search for a mortgage broker by name or by branch location.
Shop Around Before You Get a Massachusetts VA Loan
Our picks for the best VA lenders in Massachusetts may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best VA lender in your area, don't hesitate to contact a home.loans mortgage expert!