CUMBERLAND Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Cumberland averaged
6.67%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
6.6% and
one month ago for the week of 2025-05-15, the
average rate was 6.87%.
Cumberland's average rate one year ago was 6.91%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Cumberland 30 Year Fixed Rate | 2025-06-18 | 6.67% |
| Cumberland 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
| Cumberland 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Cumberland 15 Year Fixed Rate Refi | 2025-06-18 | 5.96% |
| Cumberland 30 Year FHA | 2025-06-18 | 0.36% |
| Cumberland 30 Year FHA Refi | 2025-06-18 | 0% |
| Cumberland 30 Year USDA | 2025-06-18 | 0.35% |
| Cumberland 30 Year USDA Refi | 2025-06-18 | 0.1% |
| Cumberland 30 Year VA | 2025-06-18 | 0.31% |
| Cumberland 30 Year VA Refi | 2025-06-18 | 0% |
CUMBERLAND Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the CUMBERLAND, MD-WV market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
CUMBERLAND Average Closing Costs & Other Stats
CUMBERLAND, MD-WV's 82 lenders originated 1,394
loans during 2024. The total origination value was $204,280,000, with an average loan value of
$146,542.
CUMBERLAND's average closing costs are $4,428.
The top CUMBERLAND lender as defined by loan originations is FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION, with
90 loans originated. Their average total fees are
$3,396, which is $921
lower than the next largest lender,
Alcova Mortgage LLC.
The lowest fee CUMBERLAND lenders (with over 10 loans originated) are
CHESSIE ($3,100), FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION ($3,396), Truist ($3,432), STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED ($3,930) and Alcova Mortgage LLC ($4,317).
The lowest rate CUMBERLAND lenders (with over 10 loans originated) are
FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION (5.97%), CHESSIE (6.45%), MILLENNIUM FINANCIAL GROUP, INC. (6.46%), STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED (6.56%) and Truist (6.62%).
CUMBERLAND, MD-WV Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| Alcova Mortgage LLC | $11,425,000 | $25,280,000 | 121.3% | 12.4% |
| FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION | $26,255,000 | $21,530,000 | -18.0% | 10.5% |
| CHESSIE | $8,560,000 | $13,525,000 | 58.0% | 6.6% |
| QUICKEN LOANS, LLC | $10,125,000 | $11,185,000 | 10.5% | 5.5% |
| First United Corporation | $11,070,000 | $10,390,000 | -6.1% | 5.1% |
| Mortgage Research Center, LLC | $5,790,000 | $8,455,000 | 46.0% | 4.1% |
| C & F Mortgage Corporation | $7,940,000 | $7,025,000 | -11.5% | 3.4% |
| MILLENNIUM FINANCIAL GROUP, INC. | $3,625,000 | $6,815,000 | 88.0% | 3.3% |
| M&T Bank | $7,060,000 | $5,710,000 | -19.1% | 2.8% |
| Truist | $5,885,000 | $5,155,000 | -12.4% | 2.5% |
| FREEDOM MORTGAGE CORPORATION | $3,150,000 | $4,830,000 | 53.3% | 2.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,685,000 | $3,980,000 | 136.2% | 1.9% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $2,645,000 | $3,815,000 | 44.2% | 1.9% |
| WEPCO Federal Credit Union | $2,225,000 | $3,415,000 | 53.5% | 1.7% |
| NAVY FEDERAL CREDIT UNION | $1,485,000 | $2,845,000 | 91.6% | 1.4% |
| FIRST COLONY MORTGAGE CORPORATION | $430,000 | $2,665,000 | 519.8% | 1.3% |
| ENVOY MORTGAGE, LTD | $2,630,000 | n/a | 1.3% | |
| TIDEWATER MORTGAGE SERVICES, INC. | $3,370,000 | $2,440,000 | -27.6% | 1.2% |
| ACT 1ST FCU | $1,520,000 | $2,380,000 | 56.6% | 1.2% |
| PENNYMAC LOAN SERVICES, LLC | $2,435,000 | $2,325,000 | -4.5% | 1.1% |
| BROKER SOLUTIONS, INC. | $2,075,000 | $2,295,000 | 10.6% | 1.1% |
| USAA Federal Savings Bank | $2,210,000 | n/a | 1.1% | |
| FNB Bank, Inc. | $1,770,000 | $2,110,000 | 19.2% | 1.0% |
| The Grant County Bank | $1,650,000 | $2,000,000 | 21.2% | 1.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $455,000 | $1,780,000 | 291.2% | 0.9% |
| FIRST HOME MORTGAGE CORPORATION | $1,210,000 | $1,715,000 | 41.7% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $830,000 | $1,680,000 | 102.4% | 0.8% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $950,000 | $1,585,000 | 66.8% | 0.8% |
| Dollar Bank, Federal Savings Bank | $2,520,000 | $1,515,000 | -39.9% | 0.7% |
| UNION HOME MORTGAGE CORP. | $475,000 | $1,360,000 | 186.3% | 0.7% |
| Clear Mountain Bank | $195,000 | $1,090,000 | 459.0% | 0.5% |
| Integrity Home Mortgage Corp | $700,000 | $995,000 | 42.1% | 0.5% |
| FIDELITY DIRECT MORTGAGE, LLC | $8,645,000 | $990,000 | -88.5% | 0.5% |
| Capital Bank | $975,000 | n/a | 0.5% | |
| PNC Bank | $1,175,000 | $865,000 | -26.4% | 0.4% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $775,000 | n/a | 0.4% | |
| Burke & Herbert Bank & Trust Company | $750,000 | n/a | 0.4% | |
| SOMERSET TRUST COMPANY | $555,000 | $735,000 | 32.4% | 0.4% |
| Citizens Bank | $2,920,000 | $700,000 | -76.0% | 0.3% |
| Bank of Charles Town | $265,000 | $695,000 | 162.3% | 0.3% |
| NEWREZ LLC | $570,000 | $695,000 | 21.9% | 0.3% |
| LOANDEPOT.COM, LLC | $805,000 | $650,000 | -19.3% | 0.3% |
| ACNB Bank | $1,045,000 | $645,000 | -38.3% | 0.3% |
| JPMorgan Chase Bank | $650,000 | $630,000 | -3.1% | 0.3% |
| NFM, INC. | $640,000 | $620,000 | -3.1% | 0.3% |
| Prosperity Home Mortgage, LLC | $145,000 | $615,000 | 324.1% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $630,000 | $575,000 | -8.7% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $165,000 | $540,000 | 227.3% | 0.3% |
| AMERISAVE MORTGAGE CORPORATION | $350,000 | $525,000 | 50.0% | 0.3% |
| The Loan Store, Inc. | $525,000 | n/a | 0.3% | |
| Wells Fargo Bank | $935,000 | $505,000 | -46.0% | 0.2% |
| Woodsboro Bank | $825,000 | $505,000 | -38.8% | 0.2% |
| DIRECT MORTGAGE LOANS, LLC | $590,000 | $495,000 | -16.1% | 0.2% |
| PLANET HOME LENDING, LLC | $385,000 | $490,000 | 27.3% | 0.2% |
| RELIANCE FIRST CAPITAL, LLC | $490,000 | n/a | 0.2% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $350,000 | $475,000 | 35.7% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $470,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $170,000 | $460,000 | 170.6% | 0.2% |
| CNB Bank Inc. | $780,000 | $455,000 | -41.7% | 0.2% |
| Northwest Federal Credit Union | $445,000 | n/a | 0.2% | |
| Atlantic Coast Mortgage, LLC | $400,000 | $435,000 | 8.8% | 0.2% |
| Farmers Bank & Trust | $435,000 | n/a | 0.2% | |
| MOVEMENT MORTGAGE, LLC | $270,000 | $410,000 | 51.9% | 0.2% |
| VILLAGE CAPITAL MORTGAGE | $385,000 | n/a | 0.2% | |
| Ally Bank | $380,000 | n/a | 0.2% | |
| Bank of America | $625,000 | $375,000 | -40.0% | 0.2% |
| EMM LOANS LLC | $215,000 | $370,000 | 72.1% | 0.2% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $370,000 | n/a | 0.2% | |
| Farm Credit of the Virginias, ACA | $365,000 | n/a | 0.2% | |
| WesBanco | $365,000 | n/a | 0.2% | |
| AMERICAN HERITAGE LENDING, INC. | $355,000 | n/a | 0.2% | |
| HOMESPIRE MORTGAGE CORPORATION | $65,000 | $345,000 | 430.8% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $335,000 | n/a | 0.2% | |
| GUARANTEED RATE, INC. | $575,000 | $335,000 | -41.7% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $435,000 | $325,000 | -25.3% | 0.2% |
| AMERICAN FINANCIAL NETWORK, INC. | $135,000 | $315,000 | 133.3% | 0.2% |
| INTERCOASTAL MORTGAGE COMPANY | $370,000 | $310,000 | -16.2% | 0.2% |
| Sandy Spring Bank | $305,000 | n/a | 0.1% | |
| ROYAL UNITED MORTGAGE LLC | $55,000 | $290,000 | 427.3% | 0.1% |
| AMERICAN FINANCING CORPORATION | $115,000 | $285,000 | 147.8% | 0.1% |
| PATRIOT | $560,000 | $285,000 | -49.1% | 0.1% |
| FIRST FINANCIAL OF MARYLAND | $280,000 | n/a | 0.1% | |
| GUILD MORTGAGE COMPANY | $330,000 | $280,000 | -15.2% | 0.1% |
| AMERICAN FINANCIAL RESOURCES, INC. | $275,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $905,000 | $275,000 | -69.6% | 0.1% |
| Residential Mortgage Solutions, Inc. | $275,000 | n/a | 0.1% | |
| FIRST COMMUNITY MORTGAGE, INC. | $265,000 | n/a | 0.1% | |
| NBKC BANK | $250,000 | $265,000 | 6.0% | 0.1% |
| CMG MORTGAGE, INC. | $320,000 | $255,000 | -20.3% | 0.1% |
| MEMBERS 1ST FEDERAL CREDIT UNION | $255,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $245,000 | n/a | 0.1% | |
| FINANCE OF AMERICA REVERSE LLC | $85,000 | $240,000 | 182.4% | 0.1% |
| LENDINGHOME FUNDING CORPORATION | $105,000 | $240,000 | 128.6% | 0.1% |
| SPRING EQ, LLC | $235,000 | n/a | 0.1% | |
| First National Bank of Pennsylvania | $175,000 | $230,000 | 31.4% | 0.1% |
| Plains Commerce Bank | $560,000 | $220,000 | -60.7% | 0.1% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $215,000 | n/a | 0.1% | |
| Carrington Mortgage Services, LLC | $460,000 | $215,000 | -53.3% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $125,000 | $215,000 | 72.0% | 0.1% |
| 21ST MORTGAGE CORPORATION | $210,000 | n/a | 0.1% | |
| Presidential Bank, FSB | $205,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $520,000 | $190,000 | -63.5% | 0.1% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $185,000 | n/a | 0.1% | |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $185,000 | n/a | 0.1% | |
| SOUTHWEST STAGE FUNDING, LLC | $185,000 | n/a | 0.1% | |
| United Bank | $185,000 | n/a | 0.1% | |
| ABERDEEN PROVING GROUND FEDERAL CREDIT UNION | $130,000 | $180,000 | 38.5% | 0.1% |
| FIRST SAVINGS MORTGAGE CORPORATION | $180,000 | n/a | 0.1% | |
| Paramount Residential Mortgage Group, Inc. | $355,000 | $175,000 | -50.7% | 0.1% |
| The Federal Savings Bank | $420,000 | $175,000 | -58.3% | 0.1% |
| ZILLOW HOME LOANS, LLC | $290,000 | $175,000 | -39.7% | 0.1% |
| Atlantic Union Bank | $600,000 | $170,000 | -71.7% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $165,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $165,000 | n/a | 0.1% | |
| GSF Mortgage Corporation | $170,000 | $165,000 | -2.9% | 0.1% |
| LIMA ONE CAPITAL, LLC | $105,000 | $165,000 | 57.1% | 0.1% |
| NASA Federal Credit Union | $165,000 | n/a | 0.1% | |
| Quontic Bank | $165,000 | $165,000 | 0.0% | 0.1% |
| Shore United Bank | $165,000 | n/a | 0.1% | |
| SOUTHERN TRUST MORTGAGE, LLC | $2,360,000 | $165,000 | -93.0% | 0.1% |
| York Traditions Bank | $165,000 | n/a | 0.1% | |
| First Heritage Mortgage, LLC | $155,000 | n/a | 0.1% | |
| POLARIS HOME FUNDING CORP. | $155,000 | n/a | 0.1% | |
| Industrial Bank | $145,000 | n/a | 0.1% | |
| Figure Lending LLC | $25,000 | $140,000 | 460.0% | 0.1% |
| Summit Community Bank, Inc. | $1,190,000 | $140,000 | -88.2% | 0.1% |
| Coastal Community Bank | $130,000 | n/a | 0.1% | |
| Fifth Third Bank | $55,000 | $125,000 | 127.3% | 0.1% |
| Logan Finance Corporation | $125,000 | n/a | 0.1% | |
| Acre Mortgage and Financial Inc | $115,000 | n/a | 0.1% | |
| Vellum Mortgage, Inc. | $115,000 | n/a | 0.1% | |
| AMWEST FUNDING CORP. | $105,000 | n/a | 0.1% | |
| BAY EQUITY LLC | $105,000 | n/a | 0.1% | |
| Elements Financial Federal Credit Union | $105,000 | n/a | 0.1% | |
| EMBRACE HOME LOANS, INC. | $205,000 | $105,000 | -48.8% | 0.1% |
| Hometown Equity Mortgage, LLC | $105,000 | n/a | 0.1% | |
| MORTGAGE EQUITY PARTNERS LLC | $115,000 | $105,000 | -8.7% | 0.1% |
| Community Bank | $95,000 | n/a | 0.0% | |
| Farmers and Merchants Trust Company of Chambersburg | $95,000 | n/a | 0.0% | |
| PENTAGON FEDERAL CREDIT UNION | $95,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $95,000 | n/a | 0.0% | |
| TOWER | $90,000 | n/a | 0.0% | |
| RADIUS FINANCIAL GROUP INC. | $85,000 | n/a | 0.0% | |
| U.S. Bank | $285,000 | $85,000 | -70.2% | 0.0% |
| Discover Bank | $160,000 | $80,000 | -50.0% | 0.0% |
| Flagstar Bank, FSB | $125,000 | $65,000 | -48.0% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $65,000 | n/a | 0.0% | |
| Servion, Inc. | $65,000 | n/a | 0.0% | |
| MidFirst Bank | $55,000 | n/a | 0.0% | |
| Bank-Fund Staff Federal Credit Union | $45,000 | n/a | 0.0% | |
| JUSTICE Federal Credit Union | $25,000 | n/a | 0.0% | |
| Third Federal Savings and Loan Association of Cleveland | $25,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $15,000 | n/a | 0.0% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $15,000 | n/a | 0.0% |
CUMBERLAND's top lender by overall market share is Alcova Mortgage LLC, with 12.4% market share. In second place, with 10.5%, is FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION, having originated $21,530,000 in loans. In third place, with 6.6%, is CHESSIE, having originated $13,525,000 in loans. In fourth place, with 5.5%, is QUICKEN LOANS, LLC, having originated $11,185,000 in loans. In fifth place, with 5.1%, is First United Corporation, having originated $10,390,000 in loans.
CUMBERLAND, MD-WV Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 785 | $138,085,000 | $175,904 |
| Cash Out Refi | 278 | $31,130,000 | $111,978 |
| Refi | 167 | $23,665,000 | $141,707 |
| Other | 99 | $7,225,000 | $72,980 |
| Home Improvement | 65 | $4,175,000 | $64,231 |
Cumberland's most frequently cited loan purpose was Home Purchase, with 785 originations. The 2nd most popular reason was Cash Out Refi, with 278 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 566 | $90,020,000 | $159,046 |
| 7-8% | 275 | $39,305,000 | $142,927 |
| 5-6% | 178 | $33,180,000 | $186,404 |
| Over 8% | 175 | $12,835,000 | $73,343 |
| 4-5% | 34 | $6,140,000 | $180,588 |
| 3-4% | 4 | $670,000 | $167,500 |
| <2.5% | 3 | $35,000 | $11,667 |
During 2024, Cumberland's most frequently originated rate bucket was 6-7%, with 566 originations.
Loan Sizing (CUMBERLAND, MD-WV MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $100k-200k | 575 | $82,455,000 | $143,400 |
| $100,000 or less | 518 | $30,410,000 | $58,707 |
| $200k-400k | 256 | $67,590,000 | $264,023 |
| $400k-600k | 36 | $17,390,000 | $483,056 |
| $600k-1000k | 9 | $6,435,000 | $715,000 |
CUMBERLAND's loan sizing saw the bucket of loans from $100k-200k with 575 originations, totaling $82,455,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 569 | $106,305,000 | $186,828 |
| 60-80% | 249 | $39,155,000 | $157,249 |
| 20-40% | 150 | $10,240,000 | $68,267 |
| 40-60% | 114 | $14,740,000 | $129,298 |
| Under 20% | 107 | $4,005,000 | $37,430 |
| Over 100% | 16 | $3,640,000 | $227,500 |
CUMBERLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 569 originations, totaling $106,305,000 in origination value.