Finding the right commercial Washington, DC mortgage lending companies should be your chief concern whether you are building a new business or buying an existing company. Not all mortgage lenders in Washington, D.C. will be a match for your company. It is essential that you find one that is honest and follows ethical standards. These DC mortgage lenders, whether they are direct lenders or brokers, are finance experts that can help you decide which type of mortgage is best for your corporation as well as get you the best rate obtainable.

The first step in finding the right mortgage in Washington, DC is to think about the type of service you want. Consider these options to help you choose your lender:

1. Use a DC mortgage company with a good reputation and a national presence.

2. Join forces with a mortgage lending company in Washington, DC that belongs to a trusted trade organization.

3. Consider hometown Washington, DC mortgage companies for local service.

Action Steps
The best contacts and resources to help you get it done

Look into mortgage lenders in DC that have branches throughout the region

If you prefer to work with a bigger company with numerous branches, consider using mortgage lending companies in Washington, DC that not only provide lending for commercial projects in your area, but also throughout the rest of the region as well.

I recommend: Wachovia Corporation is a nationwide lending company that has many mortgage options to meet your needs. They have offices throughout the DC area. RRML LLC offers several lending options to choose from. They have branches in Washington, DC as well as New Jersey, New York and Las Vegas.

Deal with trusted mortgage lenders in Washington, DC for security and peace of mind

We are hearing more and more about mortgage companies' deceptive lending practices. There are lenders, including DC mortgage lenders, who do not follow the rules of lending or a financial code of ethics. Doing business with a lender that belongs to a professional association will go a long way to protecting your business' resources.

I recommend: The Mortgage Bankers Association of Metropolitan Washington is the largest association of its kind in the DC area. They will put you in touch with the right lender. Mortgage Bankers Association is a nationally recognized association of professionals in the real estate finance industry. Use their search function to find a lender near you. The National Association of Mortgage Brokers can match you up with the right lender for your organization.

Use local mortgage companies in Washington, DC to keep your business in the neighborhood

Local mortgage lenders in DC can provide important information into the need for the type of commercial property you are looking into. They will have established relationships with real estate professionals in your area who can assist you in finding the right properties. Another benefit of using a local lender is the rapport you will develop with them over time. This can save you money in the future because they will know what mortgage rates in Washington, DC you are looking for and can tell you about any upcoming changes.

I recommend: Industrial Bank, which has an office in DC, can get you the right financing for your project. C.J. Cross Real Estate Services specializes in commercial mortgages. Their office is in McLean. Finally, Eagle Bancorp, Inc. will get you the right loan to meet your project’s needs and budget. They have several offices throughout Washington, DC.

Tips & Tactics

Helpful advice for making the most of this Guide

• •  Interview at least three mortgage companies in DC before choosing the one you will be working with. If possible, visit their offices at least once to get an idea of their level of professionalism.