When it comes time to selling or buying a Boston condo, hiring the right real estate agent makes your life so much easier throughout the process – but have you considered how much of a difference landing a good lender makes?

Why? Not all lenders are trustworthy.

Choosing a lender that understands you, and you trust, helps significantly when working towards a timely and successful closing. Here are a few ways to find a good lender:

Have your real estate agent refer a lender when buying a Boston condo for sale

Know that many brokerages have in-house mortgage lending businesses, but a good agent will not limit their recommendation to only their in-house lender. An experienced downtown Boston condo broker will most likely have a firm relationship with a preferred lender they have worked with in the past. A proven track record is a good sign that you are making the right decision.

Have your friends refer a lender

If you have friends or family that have recently purchased a Boston Seaport condo, ask them who their lender was and if they feel that they received a fair exchange. You can assess the whole experience from their perspective, and evaluate whether or not they chose a reputable lender that was enjoyable to work with. Ask them if the rates they were promised were the ones they got.

Compare mortgage lenders by asking questions

  • Asking the right questions is the best way to find a trustworthy lender:
  • What are your fees and how are they broken down?
  • What are your points?
  • How much do you stand to earn from this loan?
  • Can you get this done in time for closing?
  • Where will you get approval for my loan from?
  • How much is the estimate for my closing costs?
  • Can I see the HUD-1 closing statements for the last two or three deals you completed?

Compare the different answers each lender gives you to determine which one really seems to be putting forth the best effort to meet your goals. In addition, Google reviews on the mortgage lenders you are interviewing to see what others have to say about their reputation. You can always contact the Better Business Bureau for more information.

It might be in your best interest to follow up with several of their former clients to see if they followed through on their terms and agreements.

Related Links –

What credit score do I need to have to buy a Boston condo for sale

What’s the difference between pre-qualified letter and commitment letter

How much of a downpayemt do I need to buy a Boston condo for sale?

10 steps in buying a Boston condo[ box]

When in doubt, read the contract before choosing a lender

Go over the fees, closing costs, interest payments and hidden costs in the contract, and if you have any questions, be sure to ask for clarification.

Lenders that ask for a deposit in the form of “earnest money” or a Good Faith Estimate may have clauses allowing them to keep your deposit whether or not you choose them as your lender.

Newest Boston condos for sale

Sorry we are experiencing system issues. Please try again.

Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



Call Now