Covell Communities understands that purchasing a new home is a tremendous decision and likely the largest investment that you will ever make. To ensure your mortgage experience is effortless, convenient and cost-effective, our preferred lenders offer an array of mortgage programs to meet your individual needs. Construction perm, fixed-rate, adjustable-rate and government loans are available programs to maximize your loan options and the lenders will work with you to secure a loan that is best suited for you.
A construction-permanent mortgage (CP loan) is a one-time settlement prior to the start of construction. CP financing allows you to secure “today’s” interest rate and reduced closing costs.
Afixed interest rate loan is a loan where the interest rate doesn't fluctuate during the fixed rate period of the loan. This allows the borrower to accurately predict their future payments.
Adjustable Rate Mortgage (ARM) loans generally offer lower initial interest rates than comparable fixed-rate mortgages, which may increase your purchasing power.
The Federal Housing Administration (FHA) and the U.S. Department of Veteran's Affairs (VA) offer government-insured loans. These loans have low down payment requirements and more flexible guidelines that make them easier to obtain.
Old Line Bank- Jeff Donohue
Vice Presidnet, Mortgage Production
4201 Mitchellville Rd. # 100
Bowie, MD 21706
Caliber Home Loans- Mark Miller
10500 Little Patuxent Pkwy Suite 750
Columbia, MD 21044
Citizens One- Jeff Schroll
1997 Annapolis Exchange Pkwy , Suite 300
Annapolis, MD 21404
First Home Mortgage- Timothy K. Reinhart
1954 Greenspring Dr, Suite 420
Timonium, MD 21093
Counselors Title- John G. Nalls
4400 Jennifer St, Suite 220, NW
Washington, DC 20016