What to Consider When Choosing the Best Mortgage Lender in Massachusetts

Not all mortgage lenders are the same. When you’re buying a home in Massachusetts, the lender you choose affects everything from your interest rate to how smoothly closing goes.

Here’s what to look for when comparing your options.

  • Is there a lender fee?
  • What do previous customers have to say about their experience?
  • How familiar are lenders with the local market?
  • How long does the lender typically take to close?
  • Does communication happen in a timely manner?
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Roger worked with me on an extremely complicated deal, and his knowledge, persistence and excellence helped to pull everythin…

Adam Merrill

My experience with Blue Water Mortgage was wonderful. As a first time home buyer, I had many questions and concerns. Laura pa…

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Laura was great to work with! She took the time to answer all my questions, kept me updated on the process, and helped to mak…

Amanda Hardman

We have worked with Blue Water Mortgage group several times over the years, they helped with our home purchase, sale and refi…

Angie Hoxie

We had a fantastic experience with Blue Water Mortgage. We were referred to them by two of our friends, we would definitely r…

Ashley Acksel

My wife and I just completed a closing with Blue Water and our experience was phenomenal. We had a very quick turnaround from…

Dan McKallagat

Hiccups are always to be expected with an FHA and a first time home buyer. I would recommend the organization and effort with…

Daniel Vermeersch

Blue Water Mortgage was recommended to us by our realtor and we are so glad she did! This is our third time buying a home and…

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My husband and I recently went through Blue Water Mortgage as first time home buyers with the assistance of Derek and Jay, wh…

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I have worked with at least a dozen loan officers at different mortgage companies over the past several decades and Lee is by…

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Our Massachusetts Loan Officers

The Blue Water Mortgage team combines local insight with years of experience to help you find the right Massachusetts mortgage. Get to know the team that’s here to guide you.

Meet Our Loan Officers

Find the Right Loan for Your Massachusetts Home
Every home buyer's situation is different. Whether you're putting down roots for the first time or refinancing to lower your monthly payment, Blue Water Mortgage has a loan program for you.
Fixed Rate
Lock in a consistent rate and payment for the life of your loan. With predictable monthly costs, there are no surprises.
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First Time Home Buyers
Learn about special programs and down payment assistance from a team that takes the time to walk you through every step.
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Conventional Loans
As the most common private-sector loans that are not government-backed, conventional loans appeal to many home buyers for flexible terms, competitive rates and no government fees.
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Non-Conventional Loans
If you’re self-employed, have filed for bankruptcy or have a history of unsteady employment, a non-conventional loan could be your ideal option.
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Adjustable Rate
Lower initial rates can allow buyers to start with a smaller monthly payment before market adjustments kick in.
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Why Blue Water Mortgage?
No Surprises
No Surprises
With over 150 years of collective experience, our mortgage brokers have seen it all. This level of expertise enables us to anticipate and quickly resolve any issues that might arise and close on time, every time.
Personalized Services
Personalized Services
Buying a home is one of the biggest purchases you’ll make in your entire life. That’s why our brokers are available via phone 24/7 to address any concerns or answer any questions you might have about the mortgage process.
Competitive Rates
Competitive Rates
Blue Water is locally owned, so we aren’t beholden to banks. That means we’re able to offer a more diverse portfolio of mortgage products tailored to your specific needs, as well as more competitive rates and lower closing costs.
Have Questions?
Whether you're buying your first home or your next investment property, this free eBook gives you answers to 105 of the most important mortgage questions.
Download the eBook
Have Questions?

Key Questions, Clear Answers

Are the mortgage requirements different for an investment property, or a property I might not be personally living in?

The short answer is yes. If you’re purchasing a property that won’t be your primary residence (with between one and four units), you fall into what’s called a non-owner occupied mortgage. Requirements for this type of loan are more stringent because they’re considered to have a higher risk of default by lenders.

Are the requirements different for a jumbo loan?

Yes. The requirements for a jumbo loan are stricter because more money is involved, which means it’s riskier for the lender. You will need an excellent credit score and a low debt-to-income ratio. You will also need to be able to prove you can cover your payments.

Are there any advantages to buying a short sale home?

If you’re a buyer looking for a bargain, a short sale is an option worth considering since sellers typically want to get rid of the property and are more apt to make a deal. Just keep in mind that this may be a lengthy process, and there’s always the chance that the property can still go into foreclosure during that time.

Are there any loans that don’t require a down payment?

Some government-backed programs, including USDA and VA loans, are designed to minimize upfront costs for eligible borrowers. Talk to a loan officer about which programs you may qualify for and what your down payment would look like.