CUMBERLAND Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Cumberland averaged 6.79% for the week of 2023-11-30, compared to the national average of 7.22% for the same period.

    The average rate for the prior week (2023-11-22) was 7.26% and one month ago for the week of 2023-10-26, the average rate was 7.36%.

    Cumberland's average rate one year ago was 6.45%.

    For refis of the same type during the week of 2023-11-30, the average rate was 6.62%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-11-30 7.22%
    Cumberland 30 Year Fixed Rate 2023-11-30 6.79%
    Cumberland 30 Year Fixed Rate Refi 2023-11-30 6.62%
    Cumberland 15 Year Fixed Rate 2023-11-30 6.36%
    Cumberland 15 Year Fixed Rate Refi 2023-11-30 5.18%
    Cumberland 30 Year FHA 2023-11-30 6.78%
    Cumberland 30 Year FHA Refi 2023-11-30 7.05%
    Cumberland 30 Year USDA 2023-11-30 6.65%
    Cumberland 30 Year USDA Refi 2023-11-30 7.2%
    Cumberland 30 Year VA 2023-11-30 6.67%
    Cumberland 30 Year VA Refi 2023-11-30 6.57%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within CUMBERLAND, MD-WV.

    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.).

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION 58 4.17% $2,857
    QUICKEN LOANS, LLC 56 5.37% $5,525
    CHESSIE 40 4.61% $2,728
    Alcova Mortgage LLC 36 5.53% $3,881
    C & F Mortgage Corporation 28 5.42% $4,518
    Citizens Bank 22 5.04% $3,969
    HOMESPIRE MORTGAGE CORPORATION 21 4.97% $5,531
    GUARANTY HOME MORTGAGE CORPORATION 17 4.88% $4,047
    M&T Bank 14 4.91% $4,969
    Dollar Bank, Federal Savings Bank 13 3.89% $2,956
    Truist 12 4.22% $3,617
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 12 3.83% $3,556
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 10 4.24% $4,125
    FREEDOM MORTGAGE CORPORATION 9 5.00% $4,015
    NAVY FEDERAL CREDIT UNION 9 6.19% $5,066
    TIDEWATER MORTGAGE SERVICES, INC. 7 5.11% $5,940
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 6.36% $6,702
    PENNYMAC LOAN SERVICES, LLC 6 4.52% $4,874
    LOANDEPOT.COM, LLC 6 5.47% $3,552
    Wells Fargo Bank 6 5.04% $3,226
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 6 5.44% $3,432
    Carrington Mortgage Services, LLC 4 4.06% $6,089
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 5.12% $3,894
    Mortgage Research Center, LLC 4 5.22% $4,485
    SOUTHERN TRUST MORTGAGE, LLC 4 5.09% $4,380
    MCLEAN MORTGAGE CORPORATION 3 5.42% $5,658
    DRAPER AND KRAMER MORTGAGE CORP. 3 5.88% $4,226
    EMBRACE HOME LOANS, INC. 3 5.54% $3,433
    JPMorgan Chase Bank 3 5.37% $2,425
    City National Bank of West Virginia 2 4.23% $2,021
    Ally Bank 2 4.44% $2,064
    ROYAL UNITED MORTGAGE LLC 2 6.50% $6,664
    Prosperity Home Mortgage, LLC 2 6.44% $4,408
    TOWER 2 5.06% $3,820
    Towne Bank 2 4.75% $3,375
    Atlantic Union Bank 2 5.00% $3,618
    UNION HOME MORTGAGE CORP. 2 4.38% $5,517
    First Federal Bank of the Midwest 2 5.13% $4,061
    USAA Federal Savings Bank 2 6.69% $5,842
    Discover Bank 2 4.62% $0
    Atlantic Coast Mortgage, LLC 2 5.69% $5,057
    Mr. Cooper ( Nationstar Mortgage ) 2 4.87% $6,243
    MOVEMENT MORTGAGE, LLC 2 6.00% $4,620
    BROKER SOLUTIONS, INC. 2 6.06% $7,345
    TD Bank 2 5.25% $4,726
    U.S. Bank 1 3.75% $3,526
    VANDERBILT MORTGAGE AND FINANCE, INC. 1 5.25% $6,063
    WesBanco 1 5.00% $3,921
    WESCOM CENTRAL CREDIT UNION 1 3.50% $4,831
    A&D Mortgage LLC 1 7.99% $11,469
    West Town Bank & Trust 1 3.87% $8,222
    AgFirst Farm Credit Bank 1 5.75% $4,350
    AMERICAN FINANCING CORPORATION 1 3.13% $5,138
    AmeriHome Mortgage Company, LLC 1 3.25% $2,724
    AMERISAVE MORTGAGE CORPORATION 1 2.88% $3,897
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 4.88% $6,508
    BAY CAPITAL MORTGAGE CORPORATION 1 6.13% $3,286
    BETTER MORTGAGE CORPORATION 1 3.38% $3,802
    Blue Ridge Bank 1 5.50% $3,540
    CHURCHILL MORTGAGE CORPORATION 1 3.38% $4,699
    Clear Mountain Bank 1 4.13% $2,856
    CMG MORTGAGE, INC. 1 6.75% $14,183
    DEVELOPER'S MORTGAGE COMPANY 1 3.75% $3,459
    DIRECT MORTGAGE LOANS, LLC 1 4.13% $8,432
    Farm Credit of the Virginias, ACA 1 5.75% $2,154
    First Federal Bank 1 3.50% $6,913
    FIRST HOME MORTGAGE CORPORATION 1 5.99% $3,700
    First National Bank of Pennsylvania 1 6.63% $4,081
    FIRST SAVINGS MORTGAGE CORPORATION 1 3.88% $5,389
    Flagstar Bank, FSB 1 6.50% $3,914
    GUARANTEED RATE AFFINITY, LLC 1 3.38% $3,631
    HOMESIDE FINANCIAL, LLC 1 5.63% $9,331
    INTERCOASTAL MORTGAGE COMPANY 1 4.88% $5,017
    LAKEVIEW LOAN SERVICING, LLC 1 6.00% $4,204
    LOANPAL, LLC 1 4.99% $5,159
    MILLENNIUM FINANCIAL GROUP, INC. 1 4.13% $2,492
    MORTGAGE ACCESS CORP. 1 4.38% $3,362
    MUTUAL OF OMAHA MORTGAGE, INC. 1 4.37% $4,589
    Nations Lending Corporation 1 4.63% $5,973
    NATIONWIDE MORTGAGE BANKERS, INC. 1 7.13% $5,528
    NEWREZ LLC 1 7.13% $3,073
    Paramount Residential Mortgage Group, Inc. 1 3.38% $4,149
    PHH Mortgage Corporation 1 7.13% $3,558
    PLAZA HOME MORTGAGE, INC. 1 6.63% $4,301
    PNC Bank 1 5.38% $3,372
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.88% $3,934
    Sandy Spring Bank 1 5.13% $4,187
    Sierra Pacific Mortgage Company, Inc. 1 4.50% $3,701
    SOMERSET TRUST COMPANY 1 4.13% $2,469
    Summit Community Bank, Inc. 1 6.13% $2,743
    The Federal Savings Bank 1 5.75% $4,170
    The Freedom Bank of Virginia 1 5.00% $6,696
    The Huntington National Bank 1 5.50% $7,618
    THE MORTGAGE LINK, INC. 1 5.99% $9,597
    UNITED WHOLESALE MORTGAGE, LLC 1 6.25% $4,937

    CUMBERLAND Average Closing Costs & Other Stats

    CUMBERLAND, MD-WV's 95 lenders originated 1,929 loans during 2022. The total origination value was $261,605,000, with an average loan value of $135,617.

    CUMBERLAND's average closing costs are $4,139.

    The top CUMBERLAND lender as defined by loan originations is FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION, with 58 loans originated. Their average total fees are $2,857, which is $2,668 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee CUMBERLAND lenders (with over 10 loans originated) are CHESSIE ($2,728), FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION ($2,857), Dollar Bank, Federal Savings Bank ($2,956), CREDIT UNION MORTGAGE ASSOCIATION, INC. ($3,556) and Truist ($3,617).

    The lowest rate CUMBERLAND lenders (with over 10 loans originated) are CREDIT UNION MORTGAGE ASSOCIATION, INC. (3.83%), Dollar Bank, Federal Savings Bank (3.89%), FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION (4.17%), Truist (4.22%) and STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED (4.24%).

    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 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION $37,170,000 $30,255,000 -18.6% 11.6%
    QUICKEN LOANS, LLC $38,635,000 $19,640,000 -49.2% 7.5%
    Alcova Mortgage LLC $27,740,000 $17,165,000 -38.1% 6.6%
    CHESSIE $24,990,000 $15,840,000 -36.6% 6.1%
    C & F Mortgage Corporation $19,895,000 $13,855,000 -30.4% 5.3%
    Citizens Bank $20,195,000 $9,875,000 -51.1% 3.8%
    M&T Bank $11,370,000 $9,165,000 -19.4% 3.5%
    First United Corporation $11,050,000 $8,710,000 -21.2% 3.3%
    HOMESPIRE MORTGAGE CORPORATION $11,430,000 $8,240,000 -27.9% 3.1%
    Truist $6,065,000 $7,525,000 24.1% 2.9%
    GUARANTY HOME MORTGAGE CORPORATION $5,185,000 $6,740,000 30.0% 2.6%
    Dollar Bank, Federal Savings Bank $5,495,000 n/a 2.1%
    Mortgage Research Center, LLC $7,505,000 $5,465,000 -27.2% 2.1%
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED $6,525,000 $4,710,000 -27.8% 1.8%
    The Grant County Bank $2,240,000 $4,370,000 95.1% 1.7%
    WEPCO Federal Credit Union $4,750,000 $4,115,000 -13.4% 1.6%
    SOUTHERN TRUST MORTGAGE, LLC $6,340,000 $3,800,000 -40.1% 1.5%
    CBRE MULTIFAMILY CAPITAL, INC. $3,755,000 n/a 1.4%
    FREEDOM MORTGAGE CORPORATION $12,445,000 $3,730,000 -70.0% 1.4%
    TIDEWATER MORTGAGE SERVICES, INC. $1,730,000 $3,415,000 97.4% 1.3%
    ACT 1ST FCU $2,065,000 $3,325,000 61.0% 1.3%
    PENNYMAC LOAN SERVICES, LLC $5,215,000 $3,190,000 -38.8% 1.2%
    CREDIT UNION MORTGAGE ASSOCIATION, INC. $3,855,000 $2,960,000 -23.2% 1.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $4,100,000 $2,475,000 -39.6% 0.9%
    NAVY FEDERAL CREDIT UNION $3,615,000 $2,365,000 -34.6% 0.9%
    George Mason Mortgage, LLC $1,510,000 $2,360,000 56.3% 0.9%
    Mr. Cooper ( Nationstar Mortgage ) $2,175,000 $2,340,000 7.6% 0.9%
    FNB Bank, Inc. $3,240,000 $2,230,000 -31.2% 0.9%
    BROKER SOLUTIONS, INC. $1,105,000 $2,125,000 92.3% 0.8%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $1,750,000 $1,875,000 7.1% 0.7%
    UNITED WHOLESALE MORTGAGE, LLC $990,000 $1,860,000 87.9% 0.7%
    Wells Fargo Bank $2,735,000 $1,830,000 -33.1% 0.7%
    LOANDEPOT.COM, LLC $3,870,000 $1,795,000 -53.6% 0.7%
    USAA Federal Savings Bank $875,000 $1,760,000 101.1% 0.7%
    FINANCE OF AMERICA MORTGAGE LLC $230,000 $1,655,000 619.6% 0.6%
    Cedar Rapids Bank and Trust Company $1,575,000 n/a 0.6%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,525,000 $1,190,000 -22.0% 0.5%
    Carrington Mortgage Services, LLC $960,000 $1,110,000 15.6% 0.4%
    SOMERSET TRUST COMPANY $1,005,000 $1,085,000 8.0% 0.4%
    AMERISAVE MORTGAGE CORPORATION $2,530,000 $895,000 -64.6% 0.3%
    Middletown Valley Bank $895,000 n/a 0.3%
    TD Bank $880,000 n/a 0.3%
    HOMESIDE FINANCIAL, LLC $845,000 n/a 0.3%
    EMBRACE HOME LOANS, INC. $485,000 $815,000 68.0% 0.3%
    Summit Community Bank, Inc. $1,830,000 $805,000 -56.0% 0.3%
    JPMorgan Chase Bank $1,125,000 $790,000 -29.8% 0.3%
    TOWER $55,000 $760,000 1,281.8% 0.3%
    Bank of Charles Town $1,965,000 $740,000 -62.3% 0.3%
    Clear Mountain Bank $640,000 $695,000 8.6% 0.3%
    West Town Bank & Trust $630,000 n/a 0.2%
    NFM, INC. $1,030,000 $625,000 -39.3% 0.2%
    NEW DAY FINANCIAL, LLC $1,010,000 $620,000 -38.6% 0.2%
    CMG MORTGAGE, INC. $615,000 n/a 0.2%
    INTERCOASTAL MORTGAGE COMPANY $755,000 $605,000 -19.9% 0.2%
    FIRST HOME MORTGAGE CORPORATION $1,990,000 $595,000 -70.1% 0.2%
    Integrity Home Mortgage Corp $1,035,000 $595,000 -42.5% 0.2%
    MCLEAN MORTGAGE CORPORATION $540,000 $525,000 -2.8% 0.2%
    PNC Bank $1,465,000 $525,000 -64.2% 0.2%
    Discover Bank $120,000 $520,000 333.3% 0.2%
    Farm Credit of the Virginias, ACA $520,000 n/a 0.2%
    MUTUAL OF OMAHA MORTGAGE, INC. $510,000 n/a 0.2%
    Atlantic Coast Mortgage, LLC $125,000 $505,000 304.0% 0.2%
    DEVELOPER'S MORTGAGE COMPANY $495,000 n/a 0.2%
    PLAZA HOME MORTGAGE, INC. $495,000 n/a 0.2%
    First National Bank of Pennsylvania $395,000 $480,000 21.5% 0.2%
    T2 FINANCIAL LLC $1,365,000 $470,000 -65.6% 0.2%
    CHURCHILL MORTGAGE CORPORATION $360,000 $435,000 20.8% 0.2%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $1,335,000 $430,000 -67.8% 0.2%
    DIRECT MORTGAGE LOANS, LLC $375,000 $410,000 9.3% 0.2%
    AMERICAN HERITAGE LENDING, INC. $405,000 n/a 0.2%
    Jefferson Security Bank $405,000 n/a 0.2%
    AMERICAN FINANCING CORPORATION $345,000 $400,000 15.9% 0.2%
    The Huntington National Bank $75,000 $390,000 420.0% 0.1%
    DRAPER AND KRAMER MORTGAGE CORP. $365,000 n/a 0.1%
    First Federal Bank of the Midwest $380,000 $350,000 -7.9% 0.1%
    Atlantic Union Bank $625,000 $345,000 -44.8% 0.1%
    EagleBank $325,000 n/a 0.1%
    NATIONS DIRECT MORTGAGE, LLC $185,000 $315,000 70.3% 0.1%
    ROYAL UNITED MORTGAGE LLC $255,000 $315,000 23.5% 0.1%
    Towne Bank $570,000 $315,000 -44.7% 0.1%
    VANDERBILT MORTGAGE AND FINANCE, INC. $350,000 $315,000 -10.0% 0.1%
    LAKEVIEW LOAN SERVICING, LLC $1,300,000 $305,000 -76.5% 0.1%
    MILLENNIUM FINANCIAL GROUP, INC. $1,240,000 $300,000 -75.8% 0.1%
    Flagstar Bank, FSB $275,000 $290,000 5.5% 0.1%
    MOVEMENT MORTGAGE, LLC $445,000 $280,000 -37.1% 0.1%
    RELIANCE FIRST CAPITAL, LLC $125,000 $280,000 124.0% 0.1%
    UNION HOME MORTGAGE CORP. $65,000 $280,000 330.8% 0.1%
    AgFirst Farm Credit Bank $570,000 $275,000 -51.8% 0.1%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $885,000 $275,000 -68.9% 0.1%
    Hometown Bank of Pennsylvania $260,000 n/a 0.1%
    Prosperity Home Mortgage, LLC $1,650,000 $260,000 -84.2% 0.1%
    THE MORTGAGE LINK, INC. $255,000 n/a 0.1%
    BAY CAPITAL MORTGAGE CORPORATION $495,000 $250,000 -49.5% 0.1%
    CROSSCOUNTRY MORTGAGE, LLC $1,875,000 $240,000 -87.2% 0.1%
    Sierra Pacific Mortgage Company, Inc. $1,185,000 $240,000 -79.7% 0.1%
    WesBanco Bank, Inc. $235,000 n/a 0.1%
    ACADEMY MORTGAGE CORPORATION $225,000 n/a 0.1%
    OCMBC, INC. $220,000 n/a 0.1%
    Sandy Spring Bank $300,000 $215,000 -28.3% 0.1%
    NEWREZ LLC $1,145,000 $210,000 -81.7% 0.1%
    AmeriHome Mortgage Company, LLC $220,000 $205,000 -6.8% 0.1%
    The Freedom Bank of Virginia $145,000 $205,000 41.4% 0.1%
    Barrington Bank & Trust Company, N.A. $545,000 $200,000 -63.3% 0.1%
    City National Bank of West Virginia $275,000 $200,000 -27.3% 0.1%
    A&D Mortgage LLC $195,000 n/a 0.1%
    BETTER MORTGAGE CORPORATION $2,905,000 $195,000 -93.3% 0.1%
    Chicago Mortgage Solutions LLC $210,000 $195,000 -7.1% 0.1%
    U.S. Bank $285,000 $190,000 -33.3% 0.1%
    Blue Ridge Bank $185,000 n/a 0.1%
    First Exchange Bank $185,000 n/a 0.1%
    First Federal Bank $365,000 $185,000 -49.3% 0.1%
    GENEVA FINANCIAL, LLC $185,000 n/a 0.1%
    GUILD MORTGAGE COMPANY $185,000 n/a 0.1%
    Hometown Lenders, Inc. $185,000 n/a 0.1%
    Ally Bank $180,000 n/a 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $180,000 n/a 0.1%
    Colonial Savings, F.A. $175,000 n/a 0.1%
    Gateway First Bank $135,000 $175,000 29.6% 0.1%
    HOME POINT FINANCIAL CORPORATION $885,000 $175,000 -80.2% 0.1%
    NBKC BANK $175,000 n/a 0.1%
    North American Savings Bank, F.S.B. $175,000 n/a 0.1%
    Paramount Residential Mortgage Group, Inc. $425,000 $175,000 -58.8% 0.1%
    UNIVERSAL MORTGAGE & FINANCE, INC. $175,000 n/a 0.1%
    Citadel Servicing Corporation $165,000 n/a 0.1%
    PLANET HOME LENDING, LLC $635,000 $165,000 -74.0% 0.1%
    US MORTGAGE CORPORATION $165,000 n/a 0.1%
    CONTOUR MORTGAGE CORPORATION $580,000 $155,000 -73.3% 0.1%
    SWBC MORTGAGE CORPORATION $155,000 n/a 0.1%
    CALIBER HOME LOANS, INC. $2,975,000 $145,000 -95.1% 0.1%
    GUARANTEED RATE AFFINITY, LLC $135,000 $145,000 7.4% 0.1%
    Nations Lending Corporation $75,000 $145,000 93.3% 0.1%
    Plains Commerce Bank $340,000 $145,000 -57.4% 0.1%
    SOUTHPOINT FINANCIAL SERVICES, INC. $145,000 n/a 0.1%
    The Federal Savings Bank $790,000 $145,000 -81.6% 0.1%
    Rosedale Federal Savings and Loan Association $75,000 $135,000 80.0% 0.1%
    Presidential Bank, FSB $125,000 n/a 0.0%
    AMERICAN ADVISORS GROUP $25,000 $120,000 380.0% 0.0%
    PENTAGON FEDERAL CREDIT UNION $300,000 $115,000 -61.7% 0.0%
    1ST FINANCIAL, INC. $105,000 n/a 0.0%
    BALTIMORE COUNTY EMPLOYEES $105,000 n/a 0.0%
    LENDINGHOME FUNDING CORPORATION $105,000 n/a 0.0%
    LIMA ONE CAPITAL, LLC $120,000 $105,000 -12.5% 0.0%
    TEMPLE VIEW CAPITAL FUNDING, LP $105,000 n/a 0.0%
    AMERICAN FINANCIAL RESOURCES, INC. $230,000 $95,000 -58.7% 0.0%
    APEX HOME LOANS, INC. $265,000 $95,000 -64.2% 0.0%
    First Guaranty Mortgage Corporation $140,000 $95,000 -32.1% 0.0%
    NATIONWIDE EQUITIES CORPORATION $95,000 n/a 0.0%
    PHH Mortgage Corporation $95,000 n/a 0.0%
    WESCOM CENTRAL CREDIT UNION $95,000 n/a 0.0%
    Bank of America $825,000 $85,000 -89.7% 0.0%
    FIRST SAVINGS MORTGAGE CORPORATION $225,000 $85,000 -62.2% 0.0%
    LEADERONE FINANCIAL CORPORATION $85,000 n/a 0.0%
    LOANPAL, LLC $85,000 n/a 0.0%
    MORTGAGE ACCESS CORP. $505,000 $75,000 -85.1% 0.0%
    NATIONWIDE MORTGAGE BANKERS, INC. $75,000 n/a 0.0%
    Citibank $65,000 n/a 0.0%
    Kish Bank $65,000 n/a 0.0%
    Lakeview Community Capital, LLC $65,000 n/a 0.0%
    PATRIOT $65,000 n/a 0.0%
    United Bank $135,000 $65,000 -51.9% 0.0%
    GUARANTEED RATE, INC. $1,075,000 $55,000 -94.9% 0.0%
    Pendleton Community Bank, Inc. $170,000 $55,000 -67.6% 0.0%
    Capon Valley Bank $15,000 $45,000 200.0% 0.0%
    Fulton Bank $35,000 n/a 0.0%
    SPRING EQ, LLC $35,000 n/a 0.0%
    21ST MORTGAGE CORPORATION $25,000 $30,000 20.0% 0.0%

    CUMBERLAND's top lender by overall market share is FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION, with 11.6% market share. In second place, with 7.5%, is QUICKEN LOANS, LLC, having originated $19,640,000 in loans. In third place, with 6.6%, is Alcova Mortgage LLC, having originated $17,165,000 in loans. In fourth place, with 6.1%, is CHESSIE, having originated $15,840,000 in loans. In fifth place, with 5.3%, is C & F Mortgage Corporation, having originated $13,855,000 in loans.

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

    Realtor.com - CUMBERLAND (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 $115,375 (5.0%) $149,910 (4.4%) 0.00 470
    2018-02-01 $119,000 (7.2%) $150,895 (4.1%) 0.00 451
    2018-03-01 $119,000 (8.5%) $153,266 (6.5%) 0.00 457
    2018-04-01 $118,950 (10.1%) $146,996 (2.6%) 0.00 491
    2018-05-01 $119,450 (8.1%) $147,110 (1.5%) 0.00 503
    2018-06-01 $119,900 (6.0%) $148,625 (1.5%) 0.00 522
    2018-07-01 $119,900 (4.7%) $146,855 (0.4%) 0.00 530
    2018-08-01 $120,450 (5.2%) $150,452 (3.5%) 0.00 535
    2018-09-01 $124,900 (8.6%) $150,185 (0.1%) 0.00 559
    2018-10-01 $119,950 (0.8%) $150,230 (-1.2%) 0.00 553
    2018-11-01 $116,825 (1.6%) $148,172 (-1.4%) 0.00 554
    2018-12-01 $116,150 (1.0%) $148,206 (0.5%) 0.00 550
    2019-01-01 $114,997 (-0.3%) $147,841 (-1.4%) 0.00 482
    2019-02-01 $119,450 (0.4%) $149,067 (-1.2%) 0.00 451
    2019-03-01 $117,428 (-1.3%) $147,804 (-3.6%) 0.00 451
    2019-04-01 $114,125 (-4.1%) $144,382 (-1.8%) 0.00 452
    2019-05-01 $114,900 (-3.8%) $147,413 (0.2%) 0.00 468
    2019-06-01 $119,000 (-0.8%) $151,098 (1.7%) 0.00 479
    2019-07-01 $119,900 (0.0%) $151,108 (2.9%) 0.00 485
    2019-08-01 $121,891 (1.2%) $153,433 (2.0%) 0.00 464
    2019-09-01 $124,877 (0.0%) $156,146 (4.0%) 0.00 442
    2019-10-01 $125,768 (4.9%) $157,954 (5.1%) 0.00 427
    2019-11-01 $119,900 (2.6%) $154,021 (4.0%) 0.00 427
    2019-12-01 $118,475 (2.0%) $147,720 (-0.3%) 0.00 414
    2020-01-01 $111,850 (-2.7%) $153,931 (4.1%) 0.00 382
    2020-02-01 $109,900 (-8.0%) $165,226 (10.8%) 0.00 353
    2020-03-01 $114,975 (-2.1%) $170,278 (15.2%) 0.00 339
    2020-04-01 $112,175 (-1.7%) $171,364 (18.7%) 0.00 325
    2020-05-01 $110,250 (-4.1%) $172,616 (17.1%) 0.00 303
    2020-06-01 $119,450 (0.4%) $186,201 (23.2%) 0.00 282
    2020-07-01 $124,975 (4.2%) $194,403 (28.7%) 0.00 260
    2020-08-01 $123,000 (0.9%) $208,861 (36.1%) 0.00 259
    2020-09-01 $125,225 (0.3%) $214,976 (37.7%) 0.00 254
    2020-10-01 $125,950 (0.1%) $206,651 (30.8%) 0.00 259
    2020-11-01 $128,975 (7.6%) $202,533 (31.5%) 0.00 256
    2020-12-01 $127,319 (7.5%) $213,893 (44.8%) 0.00 231
    2021-01-01 $126,950 (13.5%) $226,206 (47.0%) 0.00 199
    2021-02-01 $133,475 (21.5%) $247,997 (50.1%) 0.00 170
    2021-03-01 $134,950 (17.4%) $249,389 (46.5%) 0.00 155
    2021-04-01 $141,125 (25.8%) $260,274 (51.9%) 0.00 144
    2021-05-01 $135,000 (22.5%) $258,347 (49.7%) 0.00 146
    2021-06-01 $151,625 (26.9%) $266,461 (43.1%) 0.00 150
    2021-07-01 $140,450 (12.4%) $253,958 (30.6%) 0.00 173
    2021-08-01 $134,875 (9.7%) $239,153 (14.5%) 0.00 199
    2021-09-01 $129,950 (3.8%) $234,798 (9.2%) 0.00 206
    2021-10-01 $130,000 (3.2%) $229,328 (11.0%) 0.00 193
    2021-11-01 $129,950 (0.8%) $227,650 (12.4%) 0.00 196
    2021-12-01 $118,000 (-7.3%) $213,876 (0.0%) 0.00 189
    2022-01-01 $119,900 (-5.6%) $212,226 (-6.2%) 0.00 174
    2022-02-01 $121,500 (-9.0%) $178,825 (-27.9%) 0.00 158
    2022-03-01 $121,100 (-10.3%) $188,453 (-24.4%) 0.00 148
    2022-04-01 $127,000 (-10.0%) $194,118 (-25.4%) 0.00 131
    2022-05-01 $134,950 (0.0%) $221,777 (-14.2%) 0.00 147
    2022-06-01 $130,975 (-13.6%) $216,773 (-18.7%) 0.00 176
    2022-07-01 $134,000 (-4.6%) $222,036 (-12.6%) 0.00 193
    2022-08-01 $145,144 (7.6%) $228,380 (-4.5%) 0.00 202
    2022-09-01 $142,344 (9.5%) $220,074 (-6.3%) 0.00 205
    2022-10-01 $149,700 (15.2%) $212,266 (-7.4%) 0.00 210
    2022-11-01 $157,250 (21.0%) $208,674 (-8.3%) 0.00 207
    2022-12-01 $149,950 (27.1%) $221,550 (3.6%) 0.00 193
    2023-01-01 $162,450 (35.5%) $238,645 (12.5%) 0.00 164
    2023-02-01 $147,644 (21.5%) $228,947 (28.0%) 0.00 158
    2023-03-01 $156,200 (29.0%) $237,311 (25.9%) 0.00 154
    2023-04-01 $139,900 (10.2%) $199,090 (2.6%) 0.00 142
    2023-05-01 $139,800 (3.6%) $198,783 (-10.4%) 0.00 157
    2023-06-01 $140,675 (7.4%) $193,426 (-10.8%) 0.00 151
    2023-07-01 $139,900 (4.4%) $196,127 (-11.7%) 0.00 161
    2023-08-01 $152,125 (4.8%) $202,184 (-11.5%) 0.00 169
    2023-09-01 $155,250 (9.1%) $203,258 (-7.6%) 0.00 181
    2023-10-01 $159,950 (6.9%) $210,306 (-0.9%) 0.00 196
    2023-11-01 $159,900 (1.7%) $211,442 (1.3%) 0.00 207
    CUMBERLAND's median listing price for 2023-11-01 was $159,900, a difference of $2,650 (1.7%) versus the prior year and $-50 versus the prior month.

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

    CUMBERLAND's average listing price for 2023-11-01 was $211,442, a difference of $2,768 (1.3%) versus the prior year and $1,136 versus the prior month.

    For the 2023-11-01 period, CUMBERLAND had 207 MLS listings, a difference of 11 listings (6%) versus the prior month and 0 listings (0%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - CUMBERLAND (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,598 sqft
    2018-02-01 0 days 1,604 sqft
    2018-03-01 0 days 1,600 sqft
    2018-04-01 0 days 1,614 sqft
    2018-05-01 0 days 1,612 sqft
    2018-06-01 0 days 1,680 sqft
    2018-07-01 0 days 1,674 sqft
    2018-08-01 0 days 1,682 sqft
    2018-09-01 0 days 1,700 sqft
    2018-10-01 0 days 1,703 sqft
    2018-11-01 0 days 1,683 sqft
    2018-12-01 0 days 1,651 sqft
    2019-01-01 0 days 1,654 sqft
    2019-02-01 0 days 1,656 sqft
    2019-03-01 0 days 1,649 sqft
    2019-04-01 0 days 1,622 sqft
    2019-05-01 0 days 1,624 sqft
    2019-06-01 0 days 1,682 sqft
    2019-07-01 0 days 1,685 sqft
    2019-08-01 0 days 1,680 sqft
    2019-09-01 0 days 1,680 sqft
    2019-10-01 0 days 1,684 sqft
    2019-11-01 0 days 1,728 sqft
    2019-12-01 0 days 1,693 sqft
    2020-01-01 0 days 1,674 sqft
    2020-02-01 0 days 1,672 sqft
    2020-03-01 0 days 1,687 sqft
    2020-04-01 0 days 1,701 sqft
    2020-05-01 0 days 1,704 sqft
    2020-06-01 0 days 1,728 sqft
    2020-07-01 0 days 1,745 sqft
    2020-08-01 0 days 1,778 sqft
    2020-09-01 0 days 1,731 sqft
    2020-10-01 0 days 1,730 sqft
    2020-11-01 0 days 1,677 sqft
    2020-12-01 0 days 1,657 sqft
    2021-01-01 0 days 1,710 sqft
    2021-02-01 0 days 1,740 sqft
    2021-03-01 0 days 1,701 sqft
    2021-04-01 0 days 1,732 sqft
    2021-05-01 0 days 1,659 sqft
    2021-06-01 0 days 1,704 sqft
    2021-07-01 0 days 1,700 sqft
    2021-08-01 0 days 1,686 sqft
    2021-09-01 0 days 1,679 sqft
    2021-10-01 0 days 1,650 sqft
    2021-11-01 0 days 1,606 sqft
    2021-12-01 0 days 1,592 sqft
    2022-01-01 0 days 1,568 sqft
    2022-02-01 0 days 1,532 sqft
    2022-03-01 0 days 1,524 sqft
    2022-04-01 0 days 1,510 sqft
    2022-05-01 0 days 1,538 sqft
    2022-06-01 0 days 1,560 sqft
    2022-07-01 0 days 1,590 sqft
    2022-08-01 0 days 1,658 sqft
    2022-09-01 0 days 1,637 sqft
    2022-10-01 0 days 1,686 sqft
    2022-11-01 0 days 1,689 sqft
    2022-12-01 0 days 1,687 sqft
    2023-01-01 0 days 1,729 sqft
    2023-02-01 0 days 1,682 sqft
    2023-03-01 0 days 1,723 sqft
    2023-04-01 0 days 1,592 sqft
    2023-05-01 0 days 1,577 sqft
    2023-06-01 0 days 1,595 sqft
    2023-07-01 0 days 1,591 sqft
    2023-08-01 0 days 1,616 sqft
    2023-09-01 0 days 1,568 sqft
    2023-10-01 0 days 1,637 sqft
    2023-11-01 0 days 1,618 sqft
    CUMBERLAND's median listing age (time on market) for 2023-11-01 was 0 days.

    CUMBERLAND's median square footage for active listings during the 2023-11-01 period was 1,618 sqft. One year prior, the average listing was 1,689 sqft.

    CUMBERLAND, MD-WV Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    21501 Cumberland, MD-WV $520 $630 $790 $1,030 $1,320
    21502 Cumberland, MD-WV $510 $620 $770 $1,000 $1,280
    21503 Cumberland, MD-WV $520 $630 $790 $1,030 $1,320
    21505 Cumberland, MD-WV $520 $630 $790 $1,030 $1,320
    21521 Cumberland, MD-WV $500 $610 $760 $990 $1,270
    21524 Cumberland, MD-WV $580 $660 $810 $1,080 $1,340
    21528 Cumberland, MD-WV $520 $630 $790 $1,030 $1,320
    21529 Cumberland, MD-WV $520 $630 $790 $1,030 $1,320
    21530 Cumberland, MD-WV $530 $630 $790 $1,030 $1,320
    21532 Cumberland, MD-WV $560 $670 $840 $1,100 $1,400
    21539 Cumberland, MD-WV $500 $610 $760 $990 $1,260
    21540 Cumberland, MD-WV $500 $610 $760 $990 $1,260
    21542 Cumberland, MD-WV $500 $610 $760 $990 $1,260
    21543 Cumberland, MD-WV $560 $670 $840 $1,100 $1,400
    21545 Cumberland, MD-WV $540 $660 $820 $1,070 $1,370
    21555 Cumberland, MD-WV $550 $640 $780 $1,030 $1,290
    21556 Cumberland, MD-WV $520 $630 $790 $1,030 $1,320
    21557 Cumberland, MD-WV $680 $820 $1,030 $1,340 $1,720
    21562 Cumberland, MD-WV $500 $610 $760 $990 $1,260
    21750 Cumberland, MD-WV $520 $620 $790 $1,130 $1,370
    21766 Cumberland, MD-WV $520 $630 $790 $1,030 $1,320
    26710 Cumberland, MD-WV $740 $740 $960 $1,260 $1,640
    26717 Cumberland, MD-WV $500 $610 $760 $990 $1,260
    26719 Cumberland, MD-WV $500 $610 $760 $990 $1,260
    26726 Cumberland, MD-WV $500 $610 $760 $990 $1,260
    26731 Cumberland, MD-WV $500 $610 $760 $990 $1,260
    26743 Cumberland, MD-WV $510 $600 $760 $990 $1,260
    26750 Cumberland, MD-WV $500 $610 $760 $990 $1,260
    26753 Cumberland, MD-WV $510 $620 $770 $1,000 $1,280
    26757 Cumberland, MD-WV $740 $740 $960 $1,260 $1,640
    26763 Cumberland, MD-WV $740 $740 $960 $1,260 $1,640
    26767 Cumberland, MD-WV $580 $700 $870 $1,130 $1,450
    26852 Cumberland, MD-WV $740 $740 $960 $1,260 $1,640

    2022 Average & Median Rent Data Statistics
    CUMBERLAND, MD-WV average 1BR rent: $648, median: $630
    CUMBERLAND, MD-WV average 2BR rent: $813, median: $790
    CUMBERLAND, MD-WV average 3BR rent: $1,065, median: $1,030

    CUMBERLAND, MD-WV Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 975 $151,725,000 $155,615
    Cash Out Refi 407 $50,605,000 $124,337
    Refi 323 $43,905,000 $135,929
    Other 120 $8,270,000 $68,917
    Home Improvement 104 $7,100,000 $68,269

    Cumberland's most frequently cited loan purpose was Home Purchase, with 975 originations. The 2nd most popular reason was Cash Out Refi, with 407 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    3-4% 432 $58,200,000 $134,722
    5-6% 406 $61,190,000 $150,714
    4-5% 374 $52,830,000 $141,257
    6-7% 197 $28,255,000 $143,426
    2.5-3% 144 $16,650,000 $115,625
    <2.5% 127 $12,265,000 $96,575
    7-8% 61 $6,645,000 $108,934
    Over 8% 27 $1,755,000 $65,000

    During 2022, Cumberland's most frequently originated rate bucket was 3-4%, with 432 originations.

    Loan Sizing (CUMBERLAND, MD-WV MSA)

    Loan Size Originations Total Value Average Loan
    $100,000 or less 809 $49,025,000 $60,600
    $100k-200k 797 $112,235,000 $140,822
    $200k-400k 280 $72,600,000 $259,286
    $400k-600k 30 $13,790,000 $459,667
    $600k-1000k 10 $6,970,000 $697,000
    $Over $1MM 3 $6,985,000 $2,328,333

    CUMBERLAND's loan sizing saw the bucket of loans from $100,000 or less with 809 originations, totaling $49,025,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 806 $128,430,000 $159,342
    60-80% 451 $68,045,000 $150,876
    40-60% 193 $22,145,000 $114,741
    20-40% 155 $9,925,000 $64,032
    Under 20% 126 $4,060,000 $32,222
    Over 100% 10 $2,060,000 $206,000

    CUMBERLAND's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 806 originations, totaling $128,430,000 in origination value.