Cambridge Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Cambridge averaged 7% 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 6.93% and one month ago for the week of 2025-05-15, the average rate was 6.8%.

Cambridge's average rate one year ago was 7.34%.

For refis of the same type during the week of 2025-06-18, the average rate was 7.41%.

Loan Type Date Rate
US 30 Year Fixed Rate 2025-06-18 6.81%
Cambridge 30 Year Fixed Rate 2025-06-18 7%
Cambridge 30 Year Fixed Rate Refi 2025-06-18 7.41%
Cambridge 15 Year Fixed Rate 2025-06-18 5.86%
Cambridge 15 Year Fixed Rate Refi 2025-06-18 6.06%
Cambridge 30 Year FHA 2025-06-18 0.17%
Cambridge 30 Year FHA Refi 2025-06-18 0.1%
Cambridge 30 Year USDA 2025-06-18 0.1%
Cambridge 30 Year USDA Refi 2025-06-18 0%
Cambridge 30 Year VA 2025-06-18 -0.1%
Cambridge 30 Year VA Refi 2025-06-18 0.2%
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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
QUICKEN LOANS, LLC 28 6.65% $6,739
NFM, INC. 20 7.35% $6,809
FIRST HOME MORTGAGE CORPORATION 16 6.83% $8,630
MOVEMENT MORTGAGE, LLC 12 6.67% $6,342
Truist 11 6.67% $6,955
BAY CAPITAL MORTGAGE CORPORATION 9 6.87% $6,439
DHI MORTGAGE COMPANY, LTD. 8 6.04% $4,177
RADIUS FINANCIAL GROUP INC. 6 7.37% $4,633
NVR Mortgage Finance, Inc. 6 6.83% $6,356
GUARANTEED RATE, INC. 5 6.76% $8,985
EMM LOANS LLC 5 6.98% $7,118
UNITED WHOLESALE MORTGAGE, LLC 5 6.75% $7,819
Sierra Pacific Mortgage Company, Inc. 4 6.50% $8,931
Towne Bank 4 6.81% $4,388
Prosperity Home Mortgage, LLC 4 7.44% $8,009
ENVOY MORTGAGE, LTD 4 7.12% $8,993
Bank of America 4 6.19% $4,209
NAVY FEDERAL CREDIT UNION 3 5.83% $8,684
Shore United Bank 3 6.54% $3,860
JPMorgan Chase Bank 3 7.08% $6,328
LOANDEPOT.COM, LLC 3 7.08% $6,332
PRIMELENDING, A PLAINSCAPITAL COMPANY 3 7.13% $4,764
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.88% $10,119
M&T Bank 3 6.13% $5,717
TIDEWATER MORTGAGE SERVICES, INC. 2 7.19% $6,714
Citizens Bank 2 6.62% $5,013
CMG MORTGAGE, INC. 2 6.31% $6,687
CROSSCOUNTRY MORTGAGE, LLC 2 7.25% $5,422
DIRECT MORTGAGE LOANS, LLC 2 6.94% $5,606
EMBRACE HOME LOANS, INC. 2 6.99% $7,132
FREEDOM MORTGAGE CORPORATION 2 7.31% $5,406
GUILD MORTGAGE COMPANY 2 7.12% $8,435
Keystone Funding, Inc. 2 6.50% $7,071
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.81% $22,898
OceanFirst Bank 2 6.75% $3,621
OCMBC, INC. 2 10.12% $10,311
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 2 6.25% $6,613
U.S. Bank 2 7.06% $12,652
WesBanco 2 6.94% $7,882
First National Bank of America 1 9.24% $7,999
AMERICAN FINANCING CORPORATION 1 5.13% $4,805
First Federal Bank 1 7.00% $6,149
NEWREZ LLC 1 9.88% $5,205
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $6,190
Northpointe Bank 1 6.00% $3,170
Encompass Lending Group, LP 1 6.99% $7,343
USAA Federal Savings Bank 1 6.63% $6,001
Wilmington Savings Fund Society, FSB 1 6.88% $7,695
PARTNERS 1ST Federal Credit Union 1 9.25% $3,717
Plains Commerce Bank 1 6.50% $6,490
POINT BREEZE 1 5.88% $6,206
Presidential Bank, FSB 1 7.13% $7,517
DELTA COMMUNITY CREDIT UNION 1 6.25% $3,396
DAS Acquisition Company, LLC 1 6.75% $4,683
City Lending Inc. 1 7.13% $16,223
PROVIDENT FUNDING ASSOCIATES, L.P. 1 6.88% $3,651
Charles Schwab Bank, SSB 1 6.10% $5,091
CAPITAL CENTER, L.L.C. 1 6.88% $1,776
ROYAL UNITED MORTGAGE LLC 1 7.00% $7,905
Sandy Spring Bank 1 8.00% $5,642
BAYSHORE MORTGAGE FUNDING, LLC 1 6.99% $6,941
BAY EQUITY LLC 1 6.63% $3,967
SIRVA MORTGAGE, INC. 1 7.13% $2,845
Wells Fargo Bank 1 6.88% $5,821
SWBC MORTGAGE CORPORATION 1 7.50% $4,651
The Huntington National Bank 1 7.25% $4,609
Alcova Mortgage LLC 1 6.49% $13,101
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 11.75% $4,673
AMERISAVE MORTGAGE CORPORATION 1 7.13% $4,868
UNION HOME MORTGAGE CORP. 1 6.63% $12,744
GEO-CORP, INC. 1 7.00% $4,501
LOANPAL, LLC 1 6.88% $5,016
Meridian Bank Corporation 1 7.63% $5,571
MidAtlantic Farm Credit, ACA 1 7.15% $3,835
FIRST SAVINGS MORTGAGE CORPORATION 1 7.75% $5,382
Mr. Cooper ( Nationstar Mortgage ) 1 6.99% $8,993

Cambridge Average Closing Costs & Other Stats

Cambridge, MD's 76 lenders originated 786 loans during 2024. The total origination value was $185,460,000, with an average loan value of $235,954.

Cambridge's average closing costs are $6,417.

The top Cambridge lender as defined by loan originations is QUICKEN LOANS, LLC, with 28 loans originated. Their average total fees are $6,739, which is $71 lower than the next largest lender, NFM, INC..

The lowest fee Cambridge lenders (with over 10 loans originated) are MOVEMENT MORTGAGE, LLC ($6,342), QUICKEN LOANS, LLC ($6,739), NFM, INC. ($6,809), Truist ($6,955) and FIRST HOME MORTGAGE CORPORATION ($8,630).

The lowest rate Cambridge lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (6.65%), MOVEMENT MORTGAGE, LLC (6.67%), Truist (6.67%), FIRST HOME MORTGAGE CORPORATION (6.83%) and NFM, INC. (7.35%).

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 2023 Loan Value 2024 Loan Value % Change 2024 Market Share
QUICKEN LOANS, LLC $8,285,000 $14,605,000 76.3% 7.9%
DHI MORTGAGE COMPANY, LTD. $9,075,000 $11,125,000 22.6% 6.0%
NVR Mortgage Finance, Inc. $13,650,000 $9,150,000 -33.0% 4.9%
FIRST HOME MORTGAGE CORPORATION $5,760,000 $9,085,000 57.7% 4.9%
NFM, INC. $4,505,000 $7,655,000 69.9% 4.1%
UNITED WHOLESALE MORTGAGE, LLC $4,485,000 $7,540,000 68.1% 4.1%
BAY CAPITAL MORTGAGE CORPORATION $1,400,000 $6,020,000 330.0% 3.2%
FREEDOM MORTGAGE CORPORATION $2,235,000 $5,870,000 162.6% 3.2%
Truist $3,130,000 $5,290,000 69.0% 2.9%
MOVEMENT MORTGAGE, LLC $4,120,000 $4,825,000 17.1% 2.6%
ENVOY MORTGAGE, LTD $6,335,000 $4,005,000 -36.8% 2.2%
Shore United Bank $2,965,000 $3,795,000 28.0% 2.0%
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED $4,075,000 $3,085,000 -24.3% 1.7%
M&T Bank $2,395,000 $3,075,000 28.4% 1.7%
Meridian Bank Corporation $1,290,000 $3,070,000 138.0% 1.7%
Mortgage Research Center, LLC $2,360,000 $2,775,000 17.6% 1.5%
Bank of America $3,945,000 $2,515,000 -36.2% 1.4%
The Queenstown Bank of Maryland $4,190,000 $2,500,000 -40.3% 1.3%
PRIMELENDING, A PLAINSCAPITAL COMPANY $920,000 $2,445,000 165.8% 1.3%
PENNYMAC LOAN SERVICES, LLC $1,700,000 $2,390,000 40.6% 1.3%
TIDEWATER MORTGAGE SERVICES, INC. $2,730,000 $2,260,000 -17.2% 1.2%
CMG MORTGAGE, INC. $3,295,000 $2,175,000 -34.0% 1.2%
GUARANTEED RATE, INC. $2,975,000 $2,060,000 -30.8% 1.1%
NAVY FEDERAL CREDIT UNION $1,255,000 $2,020,000 61.0% 1.1%
JPMorgan Chase Bank $390,000 $1,810,000 364.1% 1.0%
EMBRACE HOME LOANS, INC. $1,745,000 $1,785,000 2.3% 1.0%
CROSSCOUNTRY MORTGAGE, LLC $730,000 $1,765,000 141.8% 1.0%
Prosperity Home Mortgage, LLC $1,055,000 $1,730,000 64.0% 0.9%
EMM LOANS LLC $1,900,000 $1,705,000 -10.3% 0.9%
PRIMARY RESIDENTIAL MORTGAGE, INC. $965,000 $1,700,000 76.2% 0.9%
MidAtlantic Farm Credit, ACA $195,000 $1,470,000 653.8% 0.8%
OCMBC, INC. $485,000 $1,465,000 202.1% 0.8%
RADIUS FINANCIAL GROUP INC. $215,000 $1,465,000 581.4% 0.8%
Towne Bank $1,455,000 $1,460,000 0.3% 0.8%
LOANDEPOT.COM, LLC $270,000 $1,430,000 429.6% 0.8%
DIRECT MORTGAGE LOANS, LLC $1,730,000 $1,395,000 -19.4% 0.8%
The Peoples Bank $1,365,000 n/a 0.7%
U.S. Bank $420,000 $1,315,000 213.1% 0.7%
MUTUAL OF OMAHA MORTGAGE, INC. $1,255,000 $1,190,000 -5.2% 0.6%
Sierra Pacific Mortgage Company, Inc. $1,180,000 n/a 0.6%
WesBanco $515,000 $1,180,000 129.1% 0.6%
Mr. Cooper ( Nationstar Mortgage ) $890,000 $1,150,000 29.2% 0.6%
GUILD MORTGAGE COMPANY $570,000 $1,145,000 100.9% 0.6%
1ST FINANCIAL, INC. $1,095,000 n/a 0.6%
First Shore Federal Savings and Loan Association $240,000 $1,090,000 354.2% 0.6%
VILLAGE CAPITAL MORTGAGE $990,000 $895,000 -9.6% 0.5%
BayVanguard Bank $1,290,000 $825,000 -36.0% 0.4%
Fulton Bank $1,625,000 $805,000 -50.5% 0.4%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $715,000 $735,000 2.8% 0.4%
Hebron Savings Bank $1,170,000 $700,000 -40.2% 0.4%
Wells Fargo Bank $965,000 $675,000 -30.1% 0.4%
Ameris Bank $665,000 n/a 0.4%
City Lending Inc. $650,000 n/a 0.4%
Alcova Mortgage LLC $645,000 n/a 0.3%
Fleetwood Bank $615,000 n/a 0.3%
Capital Bank $390,000 $600,000 53.8% 0.3%
USAA Federal Savings Bank $850,000 $590,000 -30.6% 0.3%
OceanFirst Bank $580,000 n/a 0.3%
Carrington Mortgage Services, LLC $845,000 $550,000 -34.9% 0.3%
AmRes Corporation $540,000 n/a 0.3%
Charles Schwab Bank, SSB $525,000 n/a 0.3%
PNC Bank $1,085,000 $525,000 -51.6% 0.3%
RELIANCE FIRST CAPITAL, LLC $520,000 n/a 0.3%
SPRING EQ, LLC $25,000 $520,000 1,980.0% 0.3%
Northpointe Bank $515,000 n/a 0.3%
The Huntington National Bank $515,000 n/a 0.3%
Keystone Funding, Inc. $600,000 $500,000 -16.7% 0.3%
POINT BREEZE $485,000 n/a 0.3%
Citizens Bank $80,000 $475,000 493.8% 0.3%
Encompass Lending Group, LP $475,000 n/a 0.3%
Waterstone Mortgage Corporation $825,000 $440,000 -46.7% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $430,000 n/a 0.2%
First Heritage Mortgage, LLC $985,000 $430,000 -56.3% 0.2%
MORTGAGE SOLUTIONS OF COLORADO, LLC $415,000 $425,000 2.4% 0.2%
Plains Commerce Bank $450,000 $420,000 -6.7% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $415,000 n/a 0.2%
PARTNERS 1ST Federal Credit Union $330,000 $410,000 24.2% 0.2%
LENDINGHOME FUNDING CORPORATION $135,000 $405,000 200.0% 0.2%
SWBC MORTGAGE CORPORATION $305,000 $405,000 32.8% 0.2%
Wilmington Savings Fund Society, FSB $1,005,000 $405,000 -59.7% 0.2%
The Loan Store, Inc. $395,000 n/a 0.2%
GEO-CORP, INC. $390,000 n/a 0.2%
Nations Lending Corporation $155,000 $385,000 148.4% 0.2%
TOWER $505,000 $385,000 -23.8% 0.2%
UNION HOME MORTGAGE CORP. $75,000 $385,000 413.3% 0.2%
Sandy Spring Bank $165,000 $380,000 130.3% 0.2%
Woodsboro Bank $375,000 n/a 0.2%
FIRST SAVINGS MORTGAGE CORPORATION $205,000 $365,000 78.0% 0.2%
ZILLOW HOME LOANS, LLC $360,000 n/a 0.2%
EQUITY RESOURCES, INC. $335,000 $355,000 6.0% 0.2%
ATLANTIC BAY MORTGAGE GROUP, L.L.C. $340,000 n/a 0.2%
NEWREZ LLC $465,000 $340,000 -26.9% 0.2%
Presidential Bank, FSB $1,520,000 $325,000 -78.6% 0.2%
First National Bank of Pennsylvania $1,005,000 $315,000 -68.7% 0.2%
Summit Community Bank, Inc. $1,560,000 $310,000 -80.1% 0.2%
SIRVA MORTGAGE, INC. $305,000 n/a 0.2%
SUCCESS MORTGAGE PARTNERS, INC. $305,000 $305,000 0.0% 0.2%
CLEARPATH LENDING $300,000 n/a 0.2%
MY MORTGAGE, INC. $295,000 n/a 0.2%
PENTAGON FEDERAL CREDIT UNION $225,000 $295,000 31.1% 0.2%
PROVIDENT FUNDING ASSOCIATES, L.P. $295,000 n/a 0.2%
Residential Acceptance Corporation $295,000 n/a 0.2%
Evolve Bank & Trust $165,000 $285,000 72.7% 0.2%
GUARANTEED RATE AFFINITY, LLC $685,000 $275,000 -59.9% 0.1%
Flagstar Bank, FSB $265,000 n/a 0.1%
GENEVA FINANCIAL, LLC $260,000 n/a 0.1%
AMERICAN FINANCIAL NETWORK, INC. $245,000 n/a 0.1%
DELTA COMMUNITY CREDIT UNION $245,000 n/a 0.1%
Credence Funding Corporation $235,000 n/a 0.1%
NBKC BANK $235,000 n/a 0.1%
AMERICAN HERITAGE LENDING, INC. $520,000 $230,000 -55.8% 0.1%
BAYSHORE MORTGAGE FUNDING, LLC $125,000 $225,000 80.0% 0.1%
Equity Prime Mortgage LLC $225,000 n/a 0.1%
FIDELITY DIRECT MORTGAGE, LLC $225,000 $225,000 0.0% 0.1%
First Federal Bank $225,000 n/a 0.1%
CARDINAL FINANCIAL $830,000 $205,000 -75.3% 0.1%
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. $205,000 n/a 0.1%
BROKER SOLUTIONS, INC. $620,000 $200,000 -67.7% 0.1%
21ST MORTGAGE CORPORATION $65,000 $195,000 200.0% 0.1%
Hometown Equity Mortgage, LLC $195,000 n/a 0.1%
Figure Lending LLC $55,000 $190,000 245.5% 0.1%
Acre Mortgage and Financial Inc $185,000 n/a 0.1%
RF Renovo Management Company, LLC $185,000 n/a 0.1%
AMERISAVE MORTGAGE CORPORATION $310,000 $175,000 -43.5% 0.1%
CAPITAL CENTER, L.L.C. $175,000 n/a 0.1%
MidFirst Bank $175,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $285,000 $175,000 -38.6% 0.1%
DAS Acquisition Company, LLC $255,000 $165,000 -35.3% 0.1%
TRIAD FINANCIAL SERVICES, INC. $75,000 $160,000 113.3% 0.1%
DOMINION FINANCIAL SERVICES, LLC $155,000 n/a 0.1%
First National Bank of America $260,000 $145,000 -44.2% 0.1%
Logan Finance Corporation $145,000 n/a 0.1%
TOP FLITE FINANCIAL, INC. $135,000 n/a 0.1%
QUORUM FEDERAL CREDIT UNION $125,000 n/a 0.1%
VANDERBILT MORTGAGE AND FINANCE, INC. $130,000 $125,000 -3.8% 0.1%
BAY EQUITY LLC $365,000 $115,000 -68.5% 0.1%
FINANCE OF AMERICA REVERSE LLC $105,000 n/a 0.1%
TD Bank $55,000 $105,000 90.9% 0.1%
TIDEMARK FEDERAL CREDIT UNION $820,000 $105,000 -87.2% 0.1%
Burke & Herbert Bank & Trust Company $95,000 n/a 0.1%
ROYAL UNITED MORTGAGE LLC $115,000 $95,000 -17.4% 0.1%
Home Loan Investment Bank, F.S.B. $40,000 $75,000 87.5% 0.0%
LOANPAL, LLC $75,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $95,000 $55,000 -42.1% 0.0%
EDUCATIONAL SYSTEMS $45,000 $55,000 22.2% 0.0%
ABERDEEN PROVING GROUND FEDERAL CREDIT UNION $45,000 n/a 0.0%
LAKEVIEW LOAN SERVICING, LLC $35,000 n/a 0.0%

Cambridge's top lender by overall market share is QUICKEN LOANS, LLC, with 7.9% market share. In second place, with 6.0%, is DHI MORTGAGE COMPANY, LTD., having originated $11,125,000 in loans. In third place, with 4.9%, is NVR Mortgage Finance, Inc., having originated $9,150,000 in loans. In fourth place, with 4.9%, is FIRST HOME MORTGAGE CORPORATION, having originated $9,085,000 in loans. In fifth place, with 4.1%, is NFM, INC., having originated $7,655,000 in loans.

Cambridge, MD Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 513 $140,495,000 $273,869
Cash Out Refi 107 $19,825,000 $185,280
Refi 81 $17,545,000 $216,605
Other 47 $4,465,000 $95,000
Home Improvement 38 $3,130,000 $82,368

Cambridge's most frequently cited loan purpose was Home Purchase, with 513 originations. The 2nd most popular reason was Cash Out Refi, with 107 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 323 $82,585,000 $255,681
7-8% 159 $41,355,000 $260,094
5-6% 132 $35,240,000 $266,970
Over 8% 118 $14,350,000 $121,610
4-5% 10 $2,940,000 $294,000
<2.5% 8 $590,000 $73,750
2.5-3% 2 $470,000 $235,000

During 2024, Cambridge's most frequently originated rate bucket was 6-7%, with 323 originations.

Loan Sizing (Cambridge, MD MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 403 $112,555,000 $279,293
$100k-200k 188 $27,980,000 $148,830
$100,000 or less 128 $7,120,000 $55,625
$400k-600k 49 $22,635,000 $461,939
$600k-1000k 14 $9,890,000 $706,429
$Over $1MM 4 $5,280,000 $1,320,000

Cambridge's loan sizing saw the bucket of loans from $200k-400k with 403 originations, totaling $112,555,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 385 $107,275,000 $278,636
60-80% 140 $37,390,000 $267,071
20-40% 70 $7,310,000 $104,429
Under 20% 60 $3,140,000 $52,333
40-60% 53 $10,795,000 $203,679
Over 100% 17 $5,475,000 $322,059

Cambridge's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 385 originations, totaling $107,275,000 in origination value.