Cambridge Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Cambridge averaged 6.76% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.89% and one month ago for the week of 2023-02-09, the average rate was 6.18%.

    Cambridge's average rate one year ago was 3.81%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.88%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Cambridge 30 Year Fixed Rate 2023-03-16 6.76%
    Cambridge 30 Year Fixed Rate Refi 2023-03-16 6.88%
    Cambridge 15 Year Fixed Rate 2023-03-16 6.12%
    Cambridge 15 Year Fixed Rate Refi 2023-03-16 6.01%
    Cambridge 30 Year FHA 2023-03-16 6.33%
    Cambridge 30 Year FHA Refi 2023-03-16 6.24%
    Cambridge 30 Year USDA 2023-03-16 6.42%
    Cambridge 30 Year USDA Refi 2023-03-16 6.27%
    Cambridge 30 Year VA 2023-03-16 6.33%
    Cambridge 30 Year VA Refi 2023-03-16 6.06%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Cambridge, MD.

    Cambridge 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 Cambridge, MD 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.).

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    QUICKEN LOANS, LLC 69 3.03% $5,353
    HOME POINT FINANCIAL CORPORATION 47 3.24% $4,123
    FIRST HOME MORTGAGE CORPORATION 33 3.21% $4,966
    MCLEAN MORTGAGE CORPORATION 19 3.09% $4,033
    SOUTHERN TRUST MORTGAGE, LLC 18 3.31% $2,750
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 15 2.87% $3,941
    Bank of America 14 2.71% $3,921
    Wells Fargo Bank 12 3.03% $3,288
    AMERISAVE MORTGAGE CORPORATION 12 3.04% $4,006
    UNITED WHOLESALE MORTGAGE, LLC 11 2.91% $6,585
    Truist 11 2.98% $3,862
    Mortgage Network, Inc. 11 3.12% $5,046
    GUARANTEED RATE, INC. 9 3.17% $4,121
    BAY CAPITAL MORTGAGE CORPORATION 9 3.00% $3,773
    Sierra Pacific Mortgage Company, Inc. 9 3.07% $3,334
    Mr. Cooper ( Nationstar Mortgage ) 7 3.18% $3,842
    ACADEMY MORTGAGE CORPORATION 7 3.09% $3,643
    PARTNERS 1ST Federal Credit Union 6 2.98% $3,368
    LOANDEPOT.COM, LLC 6 3.31% $4,027
    Towne Bank 6 3.25% $3,744
    PNC Bank 6 2.98% $3,966
    EMM LOANS LLC 5 3.10% $3,401
    NAVY FEDERAL CREDIT UNION 5 4.10% $6,862
    M&T Bank 5 3.18% $4,381
    JPMorgan Chase Bank 5 3.00% $3,796
    APEX HOME LOANS, INC. 4 3.15% $3,839
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 3.19% $4,773
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 3.34% $6,587
    Prosperity Home Mortgage, LLC 4 3.59% $3,951
    HOMESIDE FINANCIAL, LLC 4 3.09% $3,803
    TOWER 4 2.91% $4,303
    CROSSCOUNTRY MORTGAGE, LLC 4 3.59% $6,345
    MidAtlantic Farm Credit, ACA 4 4.63% $4,134
    SEVERN SAVINGS BANK, FSB DBA SEVERN BANK 3 3.50% $3,188
    Nations Lending Corporation 3 3.21% $5,024
    NFM, INC. 3 3.25% $4,181
    PENNYMAC LOAN SERVICES, LLC 3 3.37% $4,093
    George Mason Mortgage, LLC 3 3.04% $3,905
    GUARANTEED RATE AFFINITY, LLC 3 3.00% $3,417
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 3.46% $5,815
    InterContinental Capital Group, Inc 3 3.58% $5,106
    AgFirst Farm Credit Bank 3 3.17% $3,287
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 3 3.21% $4,506
    Flagstar Bank, FSB 2 3.25% $2,732
    Hebron Savings Bank 2 4.25% $3,379
    Atlantic Coast Mortgage, LLC 2 3.19% $3,629
    BROKER SOLUTIONS, INC. 2 3.19% $3,680
    MOVEMENT MORTGAGE, LLC 2 3.16% $3,774
    CALIBER HOME LOANS, INC. 2 3.22% $5,100
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 2.81% $3,570
    EMBRACE HOME LOANS, INC. 2 3.31% $5,922
    MUTUAL OF OMAHA MORTGAGE, INC. 2 3.56% $6,076
    EagleBank 2 3.25% $3,523
    Keystone Funding, Inc. 2 3.06% $3,741
    DIRECT MORTGAGE LOANS, LLC 2 3.19% $3,904
    DEPARTMENT OF COMMERCE 2 2.63% $14,350
    NETWORK CAPITAL FUNDING CORPORATION 2 3.38% $4,247
    TIDEWATER MORTGAGE SERVICES, INC. 2 3.25% $3,558
    Fulton Bank 2 3.50% $5,299
    Gateway First Bank 2 2.94% $3,764
    CMG MORTGAGE, INC. 2 3.31% $7,017
    Congressional Bank 2 2.75% $2,767
    FREEDOM MORTGAGE CORPORATION 2 3.44% $2,274
    ZILLOW HOME LOANS, LLC 1 3.38% $3,494
    AMERICAN FINANCIAL NETWORK, INC. 1 2.50% $6,903
    AMERICAN FINANCING CORPORATION 1 3.63% $3,993
    AmeriHome Mortgage Company, LLC 1 3.38% $2,184
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.12% $5,835
    Bank-Fund Staff Federal Credit Union 1 2.63% $7,748
    BETTER MORTGAGE CORPORATION 1 3.00% $10,481
    Capital Bank 1 2.63% $2,547
    Carrington Mortgage Services, LLC 1 3.38% $3,903
    Chicago Mortgage Solutions LLC 1 2.74% $1,249
    CHURCHILL MORTGAGE CORPORATION 1 2.99% $5,601
    Citizens Bank 1 3.13% $7,011
    DRAPER AND KRAMER MORTGAGE CORP. 1 2.99% $3,406
    FBC MORTGAGE, LLC 1 3.49% $2,458
    First National Bank of America 1 7.50% $7,908
    FIRST SAVINGS MORTGAGE CORPORATION 1 3.25% $5,206
    HOMESPIRE MORTGAGE CORPORATION 1 3.00% $5,312
    HSBC BANK USA, NATIONAL ASSOCIATION 1 2.51% $6,303
    INTERCOASTAL MORTGAGE COMPANY 1 2.99% $4,191
    LENDERFI, INC. 1 3.25% $1,038
    Meridian Bank Corporation 1 3.50% $3,946
    MISSION MORTGAGE LLC 1 2.75% $3,466
    Morgan Stanley Private Bank 1 2.60% $7,627
    MORIA DEVELOPMENT, INC. 1 2.88% $3,717
    NASA Federal Credit Union 1 2.88% $3,245
    NEWREZ LLC 1 2.75% $4,703
    NJ LENDERS CORP. 1 3.63% $4,751
    Northpointe Bank 1 3.25% $4,370
    ON Q FINANCIAL, INC. 1 3.50% $3,262
    PENTAGON FEDERAL CREDIT UNION 1 2.75% $6,126
    POLARIS HOME FUNDING CORP. 1 3.50% $7,626
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 3.25% $4,342
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 3.50% $1,685
    Sandy Spring Bank 1 3.13% $4,885
    Signal Financial Federal Credit Union 1 2.75% $3,865
    SIRVA MORTGAGE, INC. 1 2.75% $0
    SOFI LENDING CORP. 1 3.00% $2,268
    SWBC MORTGAGE CORPORATION 1 2.75% $3,889
    TD Bank 1 3.25% $6,887
    The Federal Savings Bank 1 2.88% $3,481
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 3.13% $8,157
    Univest Bank and Trust Co. 1 3.38% $3,492
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.25% $4,469
    Vellum Mortgage, Inc. 1 3.63% $5,871
    WesBanco Bank, Inc. 1 2.88% $3,791
    ABSOLUTE HOME MORTGAGE CORPORATION 1 3.75% $3,404

    Cambridge Average Closing Costs & Other Stats

    Cambridge, MD's 109 lenders originated 1,317 loans during 2021. The total origination value was $292,225,000, with an average loan value of $221,887.

    Cambridge's average closing costs are $5,182.

    The top Cambridge lender as defined by loan originations is QUICKEN LOANS, LLC, with 69 loans originated. Their average total fees are $5,353, which is $1,230 higher than the next largest lender, HOME POINT FINANCIAL CORPORATION.

    The lowest fee Cambridge lenders (with over 10 loans originated) are SOUTHERN TRUST MORTGAGE, LLC ($2,750), Wells Fargo Bank ($3,288), Truist ($3,862), Bank of America ($3,921) and STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED ($3,941).

    The lowest rate Cambridge lenders (with over 10 loans originated) are Bank of America (2.71%), STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED (2.87%), UNITED WHOLESALE MORTGAGE, LLC (2.91%), Truist (2.98%) and QUICKEN LOANS, LLC (3.03%).

    Cambridge, MD 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    QUICKEN LOANS, LLC $17,940,000 $29,775,000 66.0% 10.2%
    HOME POINT FINANCIAL CORPORATION $11,010,000 $21,760,000 97.6% 7.4%
    FIRST HOME MORTGAGE CORPORATION $12,255,000 $13,265,000 8.2% 4.5%
    SOUTHERN TRUST MORTGAGE, LLC $3,395,000 $9,680,000 185.1% 3.3%
    MCLEAN MORTGAGE CORPORATION $4,135,000 $9,390,000 127.1% 3.2%
    Provident State Bank, Inc. $6,365,000 $8,955,000 40.7% 3.1%
    Bank of America $5,445,000 $8,505,000 56.2% 2.9%
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED $4,210,000 $7,965,000 89.2% 2.7%
    FREEDOM MORTGAGE CORPORATION $5,620,000 $7,065,000 25.7% 2.4%
    UNITED WHOLESALE MORTGAGE, LLC $6,365,000 $6,885,000 8.2% 2.4%
    Truist Bank $4,255,000 $6,140,000 44.3% 2.1%
    Wells Fargo Bank $5,490,000 $5,605,000 2.1% 1.9%
    CROSSCOUNTRY MORTGAGE, LLC $2,220,000 $4,550,000 105.0% 1.6%
    AMERISAVE MORTGAGE CORPORATION $1,205,000 $4,395,000 264.7% 1.5%
    Sierra Pacific Mortgage Company, Inc. $3,040,000 $4,210,000 38.5% 1.4%
    Mortgage Network, Inc. $1,295,000 $4,185,000 223.2% 1.4%
    LOANDEPOT.COM, LLC $2,370,000 $4,130,000 74.3% 1.4%
    The Queenstown Bank of Maryland $590,000 $3,970,000 572.9% 1.4%
    GUARANTEED RATE, INC. $2,115,000 $3,945,000 86.5% 1.3%
    BAY CAPITAL MORTGAGE CORPORATION $6,665,000 $3,940,000 -40.9% 1.3%
    Shore United Bank $2,650,000 $3,635,000 37.2% 1.2%
    PARTNERS 1ST Federal Credit Union $935,000 $3,200,000 242.2% 1.1%
    Mr. Cooper ( Nationstar Mortgage ) $1,345,000 $3,125,000 132.3% 1.1%
    PENNYMAC LOAN SERVICES, LLC $1,355,000 $3,105,000 129.2% 1.1%
    JPMorgan Chase Bank $1,565,000 $3,095,000 97.8% 1.1%
    NAVY FEDERAL CREDIT UNION $1,735,000 $3,070,000 76.9% 1.1%
    MOVEMENT MORTGAGE, LLC $1,645,000 $2,990,000 81.8% 1.0%
    ACADEMY MORTGAGE CORPORATION $2,405,000 $2,870,000 19.3% 1.0%
    TIDEWATER MORTGAGE SERVICES, INC. $1,650,000 $2,750,000 66.7% 0.9%
    NEWREZ LLC $1,680,000 $2,675,000 59.2% 0.9%
    PNC Bank $415,000 $2,660,000 541.0% 0.9%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,495,000 $2,640,000 76.6% 0.9%
    Manufacturers and Traders Trust Company $4,210,000 $2,575,000 -38.8% 0.9%
    CALIBER HOME LOANS, INC. $4,215,000 $2,235,000 -47.0% 0.8%
    Hebron Savings Bank $2,395,000 $2,060,000 -14.0% 0.7%
    EMBRACE HOME LOANS, INC. $2,120,000 $2,010,000 -5.2% 0.7%
    Nations Lending Corporation $1,680,000 $1,995,000 18.8% 0.7%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,900,000 n/a 0.7%
    Keystone Funding, Inc. $1,895,000 n/a 0.6%
    DIRECT MORTGAGE LOANS, LLC $1,260,000 $1,795,000 42.5% 0.6%
    Mortgage Research Center, LLC $2,140,000 $1,735,000 -18.9% 0.6%
    Towne Bank $1,965,000 $1,715,000 -12.7% 0.6%
    Carrington Mortgage Services, LLC $1,440,000 $1,710,000 18.8% 0.6%
    Atlantic Coast Mortgage, LLC $345,000 $1,610,000 366.7% 0.6%
    Prosperity Home Mortgage, LLC $1,905,000 $1,590,000 -16.5% 0.5%
    TOWER $215,000 $1,525,000 609.3% 0.5%
    BETTER MORTGAGE CORPORATION $965,000 $1,420,000 47.2% 0.5%
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC $95,000 $1,390,000 1,363.2% 0.5%
    DEPARTMENT OF COMMERCE $765,000 $1,390,000 81.7% 0.5%
    GUARANTEED RATE AFFINITY, LLC $905,000 $1,280,000 41.4% 0.4%
    EMM LOANS LLC $2,775,000 $1,210,000 -56.4% 0.4%
    AgFirst Farm Credit Bank $435,000 $1,185,000 172.4% 0.4%
    PENTAGON FEDERAL CREDIT UNION $615,000 $1,180,000 91.9% 0.4%
    HOMESIDE FINANCIAL, LLC $185,000 $1,175,000 535.1% 0.4%
    APEX HOME LOANS, INC. $105,000 $1,150,000 995.2% 0.4%
    FIRST SAVINGS MORTGAGE CORPORATION $470,000 $1,140,000 142.6% 0.4%
    AMERICAN FINANCIAL NETWORK, INC. $635,000 $1,110,000 74.8% 0.4%
    NFM, INC. $1,950,000 $1,105,000 -43.3% 0.4%
    Fulton Bank $1,065,000 n/a 0.4%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $225,000 $1,065,000 373.3% 0.4%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $885,000 $1,050,000 18.6% 0.4%
    MidAtlantic Farm Credit, ACA $250,000 $1,050,000 320.0% 0.4%
    ON Q FINANCIAL, INC. $640,000 $1,045,000 63.3% 0.4%
    Flagstar Bank, FSB $1,030,000 n/a 0.4%
    Northpointe Bank $1,025,000 n/a 0.4%
    Morgan Stanley Private Bank $1,015,000 n/a 0.3%
    CMG MORTGAGE, INC. $990,000 n/a 0.3%
    HOMESPIRE MORTGAGE CORPORATION $985,000 n/a 0.3%
    InterContinental Capital Group, Inc $115,000 $975,000 747.8% 0.3%
    NEW DAY FINANCIAL, LLC $1,770,000 $970,000 -45.2% 0.3%
    George Mason Mortgage, LLC $1,790,000 $955,000 -46.6% 0.3%
    VILLAGE CAPITAL & INVESTMENT LLC $355,000 $940,000 164.8% 0.3%
    HSBC BANK USA, NATIONAL ASSOCIATION $905,000 n/a 0.3%
    TOWNE MORTGAGE COMPANY $5,115,000 $885,000 -82.7% 0.3%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $155,000 $760,000 390.3% 0.3%
    SWBC MORTGAGE CORPORATION $460,000 $755,000 64.1% 0.3%
    SEVERN SAVINGS BANK, FSB DBA SEVERN BANK $145,000 $750,000 417.2% 0.3%
    SUN WEST MORTGAGE COMPANY, INC. $325,000 $750,000 130.8% 0.3%
    Chicago Mortgage Solutions LLC $735,000 n/a 0.3%
    EQUITY RESOURCES, INC. $680,000 $730,000 7.4% 0.2%
    The Federal Savings Bank $390,000 $725,000 85.9% 0.2%
    TD Bank $715,000 n/a 0.2%
    Paramount Residential Mortgage Group, Inc. $705,000 n/a 0.2%
    USAA Federal Savings Bank $1,260,000 $685,000 -45.6% 0.2%
    LAKEVIEW LOAN SERVICING, LLC $420,000 $670,000 59.5% 0.2%
    NETWORK CAPITAL FUNDING CORPORATION $605,000 n/a 0.2%
    Gateway First Bank $580,000 n/a 0.2%
    Sandy Spring Bank $125,000 $565,000 352.0% 0.2%
    Vellum Mortgage, Inc. $545,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $710,000 $510,000 -28.2% 0.2%
    BROKER SOLUTIONS, INC. $280,000 $505,000 80.4% 0.2%
    Wyndham Capital Mortgage, Inc. $355,000 $495,000 39.4% 0.2%
    Presidential Bank, FSB $490,000 n/a 0.2%
    NATIONS DIRECT MORTGAGE, LLC $450,000 n/a 0.2%
    TJC Mortgage, Inc. $1,190,000 $440,000 -63.0% 0.2%
    UNIVERSAL MORTGAGE & FINANCE, INC. $420,000 n/a 0.1%
    RELIANCE FIRST CAPITAL, LLC $165,000 $415,000 151.5% 0.1%
    Bank of England $410,000 n/a 0.1%
    Ameris Bank $700,000 $405,000 -42.1% 0.1%
    EagleBank $310,000 $400,000 29.0% 0.1%
    NJ LENDERS CORP. $395,000 n/a 0.1%
    Meridian Bank Corporation $550,000 $390,000 -29.1% 0.1%
    CLEARPATH LENDING $450,000 $370,000 -17.8% 0.1%
    Citizens Bank $1,705,000 $365,000 -78.6% 0.1%
    Congressional Bank $360,000 n/a 0.1%
    CHURCHILL MORTGAGE CORPORATION $350,000 n/a 0.1%
    First Mortgage Solutions, LLC $345,000 n/a 0.1%
    ROUNDPOINT MORTGAGE SERVICING CORPORATION $420,000 $335,000 -20.2% 0.1%
    The Huntington National Bank $335,000 n/a 0.1%
    INTERCOASTAL MORTGAGE COMPANY $410,000 $315,000 -23.2% 0.1%
    Univest Bank and Trust Co. $315,000 n/a 0.1%
    The Freedom Bank of Virginia $205,000 $305,000 48.8% 0.1%
    UNION HOME MORTGAGE CORP. $305,000 n/a 0.1%
    MORIA DEVELOPMENT, INC. $105,000 $290,000 176.2% 0.1%
    Capital Bank $285,000 n/a 0.1%
    Bank-Fund Staff Federal Credit Union $665,000 $275,000 -58.6% 0.1%
    DAS Acquisition Company, LLC $275,000 n/a 0.1%
    OCEANSIDE MORTGAGE COMPANY $195,000 $265,000 35.9% 0.1%
    LENDINGHOME FUNDING CORPORATION $260,000 n/a 0.1%
    AMERICAN FINANCING CORPORATION $255,000 n/a 0.1%
    Citibank $255,000 n/a 0.1%
    Plains Commerce Bank $255,000 n/a 0.1%
    SIRVA MORTGAGE, INC. $255,000 n/a 0.1%
    SOFI LENDING CORP. $255,000 n/a 0.1%
    The Farmers Bank of Willards $255,000 n/a 0.1%
    Waterstone Mortgage Corporation $690,000 $245,000 -64.5% 0.1%
    Low VA Rates, LLC $235,000 n/a 0.1%
    Northwest Federal Credit Union $235,000 n/a 0.1%
    WesBanco Bank, Inc. $520,000 $235,000 -54.8% 0.1%
    Wilmington Savings Fund Society, FSB $320,000 $235,000 -26.6% 0.1%
    Prime Choice Funding Inc. $225,000 n/a 0.1%
    STEARNS LENDING, LLC $515,000 $225,000 -56.3% 0.1%
    Texana Bank $225,000 n/a 0.1%
    1ST PREFERENCE MORTGAGE CORP. $105,000 $215,000 104.8% 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $205,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $205,000 n/a 0.1%
    U.S. Bank $395,000 $200,000 -49.4% 0.1%
    1ST FINANCIAL, INC. $195,000 n/a 0.1%
    Colten Mortgage, LLC $195,000 n/a 0.1%
    PLANET HOME LENDING, LLC $1,190,000 $190,000 -84.0% 0.1%
    Atlantic Home Loans, Inc. $185,000 n/a 0.1%
    FBC MORTGAGE, LLC $145,000 $185,000 27.6% 0.1%
    POLARIS HOME FUNDING CORP. $185,000 n/a 0.1%
    Victorian Finance, LLC $185,000 n/a 0.1%
    AmeriHome Mortgage Company, LLC $235,000 $175,000 -25.5% 0.1%
    BAYSHORE MORTGAGE FUNDING, LLC $165,000 n/a 0.1%
    EDUCATIONAL SYSTEMS $210,000 $165,000 -21.4% 0.1%
    Financial Freedom Mortgage, LLC $165,000 n/a 0.1%
    MISSION MORTGAGE LLC $165,000 n/a 0.1%
    Equity Prime Mortgage LLC $155,000 n/a 0.1%
    HomePromise Corporation $155,000 n/a 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $885,000 $145,000 -83.6% 0.0%
    FIRST FINANCIAL OF MARYLAND $145,000 n/a 0.0%
    First Guaranty Mortgage Corporation $300,000 $145,000 -51.7% 0.0%
    Magnolia Bank $165,000 $145,000 -12.1% 0.0%
    ZILLOW HOME LOANS, LLC $145,000 n/a 0.0%
    Deere Employees Credit Union $140,000 n/a 0.0%
    First Heritage Mortgage, LLC $135,000 n/a 0.0%
    First National Bank of America $85,000 $135,000 58.8% 0.0%
    LENDERFI, INC. $365,000 $135,000 -63.0% 0.0%
    NASA Federal Credit Union $135,000 n/a 0.0%
    Signal Financial Federal Credit Union $135,000 n/a 0.0%
    VELOCITY COMMERCIAL CAPITAL, LLC $135,000 n/a 0.0%
    ARK-LA-TEX FINANCIAL SERVICES, LLC. $740,000 $125,000 -83.1% 0.0%
    Mid-Continent Funding, Inc. $125,000 n/a 0.0%
    RESIDENTIAL HOME FUNDING CORP. $125,000 n/a 0.0%
    TRIAD FINANCIAL SERVICES, INC. $120,000 n/a 0.0%
    Metro City Bank $115,000 n/a 0.0%
    VANDERBILT MORTGAGE AND FINANCE, INC. $110,000 $115,000 4.5% 0.0%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $105,000 n/a 0.0%
    DEL-ONE FEDERAL CREDIT UNION $85,000 n/a 0.0%
    First Shore Federal Savings and Loan Association $130,000 $80,000 -38.5% 0.0%
    TIDEMARK FEDERAL CREDIT UNION $145,000 $75,000 -48.3% 0.0%
    ABSOLUTE HOME MORTGAGE CORPORATION $55,000 n/a 0.0%
    Baxter Credit Union $55,000 n/a 0.0%
    SPRING EQ, LLC $45,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $35,000 $35,000 0.0% 0.0%
    AMERICAN ADVISORS GROUP $35,000 n/a 0.0%
    Mid-Atlantic Federal Credit Union $65,000 $35,000 -46.2% 0.0%
    Home Loan Investment Bank, F.S.B. $15,000 $25,000 66.7% 0.0%

    Cambridge's top lender by overall market share is QUICKEN LOANS, LLC, with 10.2% market share. In second place, with 7.4%, is HOME POINT FINANCIAL CORPORATION, having originated $21,760,000 in loans. In third place, with 4.5%, is FIRST HOME MORTGAGE CORPORATION, having originated $13,265,000 in loans. In fourth place, with 3.3%, is SOUTHERN TRUST MORTGAGE, LLC, having originated $9,680,000 in loans. In fifth place, with 3.2%, is MCLEAN MORTGAGE CORPORATION, having originated $9,390,000 in loans.

    Cambridge Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Cambridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $198,725 (14.9%) $317,188 (25.8%) 0.00 220
    2018-02-01 $197,425 (12.8%) $317,628 (23.1%) 0.00 227
    2018-03-01 $199,900 (7.4%) $322,018 (24.9%) 0.00 224
    2018-04-01 $205,000 (6.9%) $298,122 (2.0%) 0.00 233
    2018-05-01 $213,125 (10.6%) $300,307 (3.5%) 0.00 255
    2018-06-01 $219,900 (11.9%) $305,691 (4.6%) 0.00 263
    2018-07-01 $223,200 (11.6%) $307,313 (5.5%) 0.00 261
    2018-08-01 $222,375 (11.2%) $305,011 (6.0%) 0.00 265
    2018-09-01 $229,000 (4.6%) $279,072 (-14.5%) 0.00 255
    2018-10-01 $239,450 (8.3%) $300,188 (-7.2%) 0.00 246
    2018-11-01 $239,063 (19.5%) $325,500 (4.8%) 0.00 233
    2018-12-01 $225,000 (12.6%) $327,229 (4.6%) 0.00 221
    2019-01-01 $199,925 (0.6%) $310,954 (-2.0%) 0.00 202
    2019-02-01 $207,400 (5.1%) $312,674 (-1.6%) 0.00 213
    2019-03-01 $202,086 (1.1%) $306,610 (-4.8%) 0.00 224
    2019-04-01 $207,475 (1.2%) $299,846 (0.6%) 0.00 243
    2019-05-01 $212,475 (-0.3%) $298,372 (-0.6%) 0.00 252
    2019-06-01 $229,000 (4.1%) $304,824 (-0.3%) 0.00 248
    2019-07-01 $229,000 (2.6%) $307,841 (0.2%) 0.00 249
    2019-08-01 $236,927 (6.5%) $308,385 (1.1%) 0.00 236
    2019-09-01 $232,468 (1.5%) $308,188 (10.4%) 0.00 228
    2019-10-01 $226,975 (-5.2%) $308,056 (2.6%) 0.00 224
    2019-11-01 $235,500 (-1.5%) $330,580 (1.6%) 0.00 219
    2019-12-01 $223,000 (-0.9%) $325,083 (-0.7%) 0.00 205
    2020-01-01 $216,000 (8.0%) $321,987 (3.6%) 0.00 193
    2020-02-01 $220,000 (6.1%) $321,593 (2.9%) 0.00 186
    2020-03-01 $231,175 (14.4%) $323,436 (5.5%) 0.00 201
    2020-04-01 $224,900 (8.4%) $308,739 (3.0%) 0.00 193
    2020-05-01 $224,900 (5.9%) $308,558 (3.4%) 0.00 185
    2020-06-01 $229,900 (0.4%) $323,327 (6.1%) 0.00 168
    2020-07-01 $239,000 (4.4%) $331,669 (7.7%) 0.00 144
    2020-08-01 $232,250 (-2.0%) $303,353 (-1.6%) 0.00 141
    2020-09-01 $207,175 (-10.9%) $294,984 (-4.3%) 0.00 137
    2020-10-01 $241,000 (6.2%) $408,997 (32.8%) 0.00 136
    2020-11-01 $236,495 (0.4%) $429,458 (29.9%) 0.00 132
    2020-12-01 $225,000 (0.9%) $456,950 (40.6%) 0.00 106
    2021-01-01 $237,990 (10.2%) $477,988 (48.5%) 0.00 91
    2021-02-01 $249,000 (13.2%) $511,079 (58.9%) 0.00 86
    2021-03-01 $247,400 (7.0%) $555,486 (71.8%) 0.00 75
    2021-04-01 $269,245 (19.7%) $572,563 (85.5%) 0.00 69
    2021-05-01 $302,495 (34.5%) $584,024 (89.3%) 0.00 82
    2021-06-01 $301,175 (31.0%) $591,931 (83.1%) 0.00 91
    2021-07-01 $289,900 (21.3%) $527,060 (58.9%) 0.00 113
    2021-08-01 $287,749 (23.9%) $461,459 (52.1%) 0.00 111
    2021-09-01 $299,800 (44.7%) $476,342 (61.5%) 0.00 111
    2021-10-01 $299,900 (24.4%) $358,503 (-12.4%) 0.00 110
    2021-11-01 $286,945 (21.3%) $373,144 (-13.1%) 0.00 115
    2021-12-01 $292,875 (30.2%) $360,323 (-21.2%) 0.00 110
    2022-01-01 $299,000 (25.6%) $359,368 (-24.8%) 0.00 90
    2022-02-01 $293,995 (18.1%) $336,017 (-34.3%) 0.00 80
    2022-03-01 $286,225 (15.7%) $331,858 (-40.3%) 0.00 100
    2022-04-01 $275,000 (2.1%) $323,218 (-43.6%) 0.00 117
    2022-05-01 $292,000 (-3.5%) $332,929 (-43.0%) 0.00 128
    2022-06-01 $282,450 (-6.2%) $327,567 (-44.7%) 0.00 136
    2022-07-01 $285,000 (-1.7%) $334,334 (-36.6%) 0.00 140
    2022-08-01 $274,723 (-4.5%) $339,991 (-26.3%) 0.00 147
    2022-09-01 $279,745 (-6.7%) $346,733 (-27.2%) 0.00 134
    2022-10-01 $283,995 (-5.3%) $414,406 (15.6%) 0.00 126
    2022-11-01 $280,000 (-2.4%) $365,246 (-2.1%) 0.00 126
    2022-12-01 $267,990 (-8.5%) $339,043 (-5.9%) 0.00 127
    2023-01-01 $269,950 (-9.7%) $362,851 (1.0%) 0.00 118
    2023-02-01 $269,743 (-8.3%) $355,320 (5.7%) 0.00 121
    Cambridge's median listing price for 2023-02-01 was $269,743, a difference of $-24,252 (-8.3%) versus the prior year and $-207 versus the prior month.

    Cambridge's median listing price comes in at 0% of the national average.

    Cambridge's average listing price for 2023-02-01 was $355,320, a difference of $19,303 (5.7%) versus the prior year and $-7,531 versus the prior month.

    For the 2023-02-01 period, Cambridge had 121 MLS listings, a difference of 3 listings (3%) versus the prior month and 41 listings (51%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Cambridge (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,728 sqft
    2018-02-01 0 days 1,690 sqft
    2018-03-01 0 days 1,712 sqft
    2018-04-01 0 days 1,737 sqft
    2018-05-01 0 days 1,711 sqft
    2018-06-01 0 days 1,695 sqft
    2018-07-01 0 days 1,696 sqft
    2018-08-01 0 days 1,677 sqft
    2018-09-01 0 days 1,680 sqft
    2018-10-01 0 days 1,767 sqft
    2018-11-01 0 days 1,760 sqft
    2018-12-01 0 days 1,792 sqft
    2019-01-01 0 days 1,738 sqft
    2019-02-01 0 days 1,747 sqft
    2019-03-01 0 days 1,726 sqft
    2019-04-01 0 days 1,710 sqft
    2019-05-01 0 days 1,680 sqft
    2019-06-01 0 days 1,710 sqft
    2019-07-01 0 days 1,708 sqft
    2019-08-01 0 days 1,725 sqft
    2019-09-01 0 days 1,732 sqft
    2019-10-01 0 days 1,732 sqft
    2019-11-01 0 days 1,762 sqft
    2019-12-01 0 days 1,718 sqft
    2020-01-01 0 days 1,708 sqft
    2020-02-01 0 days 1,720 sqft
    2020-03-01 0 days 1,782 sqft
    2020-04-01 0 days 1,739 sqft
    2020-05-01 0 days 1,739 sqft
    2020-06-01 0 days 1,734 sqft
    2020-07-01 0 days 1,751 sqft
    2020-08-01 0 days 1,720 sqft
    2020-09-01 0 days 1,664 sqft
    2020-10-01 0 days 1,740 sqft
    2020-11-01 0 days 1,700 sqft
    2020-12-01 0 days 1,642 sqft
    2021-01-01 0 days 1,720 sqft
    2021-02-01 0 days 1,731 sqft
    2021-03-01 0 days 1,715 sqft
    2021-04-01 0 days 1,633 sqft
    2021-05-01 0 days 1,808 sqft
    2021-06-01 0 days 1,724 sqft
    2021-07-01 0 days 1,720 sqft
    2021-08-01 0 days 1,678 sqft
    2021-09-01 0 days 1,638 sqft
    2021-10-01 0 days 1,639 sqft
    2021-11-01 0 days 1,606 sqft
    2021-12-01 0 days 1,643 sqft
    2022-01-01 0 days 1,660 sqft
    2022-02-01 0 days 1,564 sqft
    2022-03-01 0 days 1,562 sqft
    2022-04-01 0 days 1,596 sqft
    2022-05-01 0 days 1,579 sqft
    2022-06-01 0 days 1,584 sqft
    2022-07-01 0 days 1,664 sqft
    2022-08-01 0 days 1,615 sqft
    2022-09-01 0 days 1,605 sqft
    2022-10-01 0 days 1,596 sqft
    2022-11-01 0 days 1,674 sqft
    2022-12-01 0 days 1,672 sqft
    2023-01-01 0 days 1,720 sqft
    2023-02-01 0 days 1,567 sqft
    Cambridge's median listing age (time on market) for 2023-02-01 was 0 days.

    Cambridge's median square footage for active listings during the 2023-02-01 period was 1,567 sqft. One year prior, the average listing was 1,564 sqft.

    Cambridge, MD Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 592 $147,170,000 $248,598
    Refi 439 $90,795,000 $206,822
    Cash Out Refi 242 $48,290,000 $199,545
    Other 27 $3,765,000 $139,444
    Home Improvement 17 $2,205,000 $129,706

    Cambridge's most frequently cited loan purpose was Home Purchase, with 592 originations. The 2nd most popular reason was Refi, with 439 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 512 $119,170,000 $232,754
    3-4% 443 $94,015,000 $212,223
    <2.5% 222 $51,050,000 $229,955
    4-5% 42 $7,860,000 $187,143
    5-6% 10 $1,090,000 $109,000
    Over 8% 5 $415,000 $83,000
    6-7% 3 $95,000 $31,667
    7-8% 3 $245,000 $81,667

    During 2021, Cambridge's most frequently originated rate bucket was 2.5-3%, with 512 originations.

    Loan Sizing (Cambridge, MD MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 560 $150,620,000 $268,964
    $100k-200k 535 $80,465,000 $150,402
    $100,000 or less 131 $9,015,000 $68,817
    $400k-600k 71 $34,515,000 $486,127
    $600k-1000k 15 $10,925,000 $728,333
    $Over $1MM 5 $6,685,000 $1,337,000

    Cambridge's loan sizing saw the bucket of loans from $200k-400k with 560 originations, totaling $150,620,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 538 $126,700,000 $235,502
    60-80% 401 $95,285,000 $237,618
    40-60% 152 $29,010,000 $190,855
    20-40% 64 $8,500,000 $132,813
    Under 20% 26 $1,210,000 $46,538
    Over 100% 20 $5,780,000 $289,000

    Cambridge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 538 originations, totaling $126,700,000 in origination value.