Mortgages

The maximum percentage of your home's value depends on the purpose of your loan, how you use the property, and the loan type you choose, so the best way to determine what loan amount we can offer is to complete our online application.

Whether you're purchasing or refinancing, we're certain you'll find our service amazing! If you'll be purchasing but haven't found the perfect home yet, complete our application and we'll issue an approval for a mortgage loan now with no obligation. Complete our online pre-qualification application, and we'll pre-qualify you for a mortgage loan with no obligation.
 

There's no cost for submitting an application. After your loan is approved, you can decide whether you wish to pay the application deposit to cover the cost of the appraisal and final credit report so you can lock in an interest rate and we can begin the mortgage process.

Yes, Cedar Point provides financing for manufactured homes. We define manufactured housing as factory-built units with a steel undercarriage that remains as a structural component and limits the structure to a single story. These types of manufactured homes are sometimes known as mobile homes. We do not consider other factory-built housing (not built on a permanent chassis), such as modular, prefabricated, panelized, or sectional housing, to be manufactured housing. If your home is one of these types, please complete the application indicating that your home is a single-family home.
 

In order to qualify for our loan programs a manufactured home must meet the following requirements:
 

• Be a one-family dwelling that is legally classified as real property.
   
• The towing hitch, wheels, and axles must have been removed and the home must be permanently attached to a foundation system that meets state and local codes as well as the manufacturer’s requirements.
   
• The land on which the manufactured home is situated must be owned by you. We do not provide financing for manufactured homes located on rented or leased land.
   
• Must have been built in compliance with the Federal Manufactured Home Construction and Safety Standards that were established June 15, 1976. Generally, compliance with these standards will be evidenced by the presence of a HUD Data Plate that is affixed near the main electrical panel of the home or in another readily accessible and visible location.
   
• Must be at least 28 feet wide and have a minimum of 1300 square feet of gross living area and should be similar to other homes in the area.

With something as important as your home, it is always helpful to speak with knowledgeable representatives familiar with the area in which you live. Cedar Point employees work and live in this community and they are always ready to help you answer any questions you may have. They'll help make this process a walk-in-the-park for you and your family.

For many, refinancing now with Cedar Point would get you a lower rate and lower your monthly payment. However, you'll need to factor in closing costs. Have you refinanced this home before and paid closing costs at that time? You'll also want to consider the length of your loan terms. These are all factors to consider when deciding whether refinancing is the smartest option for you.

If you are a first-time home buyer or purchasing a new house, prequalification can be an important step to get the ball rolling. If you are looking to refinance, the best option is to call and speak with a representative about your options. This way we can help you understand if refinancing would be advantageous for you.

Cedar Point can extend home loans within the bounds of Calvert, Charles and St. Mary's counties.

Yes. If you're considering refinancing as an option, you're already familiar with the closing costs you paid when you purchased your home. Closing costs vary based on the mortgage loan type and typically include application fees, origination fees, appraisals, and more. However, you may be able to include the closing costs in your new loan amount if you qualify. Closing costs vary from lender to lender, so be sure to ask about closing costs while you're shopping around.