Cambridge VA Loan Rates, Closing Costs & Stats

Cambridge, MD

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Cambridge's 33 lenders originated 95 VA loans during 2024. The total origination value was $28,015,000, with an average VA loan value of $294,895.

    Cambridge VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Cambridge averaged 0.31% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Cambridge's average VA mortgage closing costs are $6,879.

    The average rate for the prior week (2025-06-13) was 6.85% and one month ago for the week of 2025-05-16, the average rate was 6.91%.

    The average rate one year ago was 7.01%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Cambridge VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Cambridge level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 11 5.99% $9,278
    Mortgage Research Center, LLC 11 6.70% $3,818
    DHI MORTGAGE COMPANY, LTD. 11 5.51% $6,575
    QUICKEN LOANS, LLC 8 6.15% $13,334
    FREEDOM MORTGAGE CORPORATION 6 6.29% $8,180
    NVR Mortgage Finance, Inc. 6 6.42% $3,883
    ENVOY MORTGAGE, LTD 4 6.44% $9,071
    VILLAGE CAPITAL MORTGAGE 3 5.41% $4,672
    MOVEMENT MORTGAGE, LLC 2 6.25% $4,303
    CLEARPATH LENDING 2 5.63% $3,705
    CROSSCOUNTRY MORTGAGE, LLC 2 6.91% $6,013
    EMBRACE HOME LOANS, INC. 2 5.94% $7,730
    1ST FINANCIAL, INC. 2 7.00% $16,915
    PENNYMAC LOAN SERVICES, LLC 2 5.37% $4,319
    Equity Prime Mortgage LLC 1 5.88% $795
    EMM LOANS LLC 1 6.25% $12,923
    USAA Federal Savings Bank 1 6.25% $5,212
    NAVY FEDERAL CREDIT UNION 1 6.50% $17,137
    NBKC BANK 1 6.13% $9,002
    NEW DAY FINANCIAL, LLC 1 7.99% $9,094
    NFM, INC. 1 6.75% $15,694
    DIRECT MORTGAGE LOANS, LLC 1 5.75% $8,926
    BAY CAPITAL MORTGAGE CORPORATION 1 6.63% $10,794
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $8,942
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 5.63% $625
    Credence Funding Corporation 1 5.38% $4,371
    RADIUS FINANCIAL GROUP INC. 1 7.13% $5,145
    Residential Acceptance Corporation 1 8.25% $9,451
    Sandy Spring Bank 1 5.63% $13,053
    Shore United Bank 1 6.63% $3,744
    CMG MORTGAGE, INC. 1 7.00% $3,966
    EQUITY RESOURCES, INC. 1 4.88% $11,542
    FIRST HOME MORTGAGE CORPORATION 1 5.63% $20,408

    The top Cambridge VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 11 VA loans originated. Their average total fees are $9,278, which is $5,460 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Cambridge VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($3,818), DHI MORTGAGE COMPANY, LTD. ($6,575), UNITED WHOLESALE MORTGAGE, LLC ($9,278), .

    The lowest rate Cambridge VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.51%), UNITED WHOLESALE MORTGAGE, LLC (5.99%), Mortgage Research Center, LLC (6.70%), .

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.