Maryland USDA Loan Rates, Closing Costs & Stats

Maryland

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Maryland USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Maryland averaged 6.38% for the week of 2025-04-04, compared to the national average (all USDA variants) of 6.324% for the same period.

    Maryland's average USDA mortgage closing costs are $6,799.

    The average rate for the prior week (2025-03-28) was 6.64% and one month ago for the week of 2025-02-28, the average rate was 6.69%.

    The average rate one year ago was 6.75%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.16%.

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

    Maryland USDA Loan Lenders by Rates & Fees

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

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FIRST HOME MORTGAGE CORPORATION 52 6.35% $10,514
    Alcova Mortgage LLC 33 6.98% $3,021
    GUILD MORTGAGE COMPANY 26 6.32% $7,902
    Towne Bank 23 6.17% $9,745
    BAY CAPITAL MORTGAGE CORPORATION 23 6.02% $9,682
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 14 6.24% $9,747
    MOVEMENT MORTGAGE, LLC 8 6.50% $9,025
    Meridian Bank Corporation 7 6.34% $7,764
    C & F Mortgage Corporation 7 6.57% $5,628
    DHI MORTGAGE COMPANY, LTD. 7 5.07% $6,705
    UNITED WHOLESALE MORTGAGE, LLC 7 6.12% $8,966
    Prosperity Home Mortgage, LLC 6 6.31% $8,486
    CROSSCOUNTRY MORTGAGE, LLC 6 6.35% $9,803
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.19% $11,071
    Shore United Bank 6 6.44% $9,438
    CMG MORTGAGE, INC. 5 6.55% $9,008
    NEWREZ LLC 5 6.45% $11,221
    MILLENNIUM FINANCIAL GROUP, INC. 5 6.15% $6,616
    EMM LOANS LLC 5 6.12% $9,789
    Atlantic Coast Mortgage, LLC 4 6.47% $9,607
    NVR Mortgage Finance, Inc. 4 6.00% $12,468
    EQUITY RESOURCES, INC. 4 6.00% $10,667
    TIDEWATER MORTGAGE SERVICES, INC. 3 6.33% $8,978
    BROKER SOLUTIONS, INC. 3 7.00% $6,049
    Ameris Bank 3 6.38% $9,074
    EMBRACE HOME LOANS, INC. 3 6.58% $9,336
    DIRECT MORTGAGE LOANS, LLC 3 6.62% $9,129
    Nations Lending Corporation 3 6.38% $6,501
    SOUTHERN TRUST MORTGAGE, LLC 3 6.42% $10,415
    Waterstone Mortgage Corporation 2 5.87% $11,490
    Acre Mortgage and Financial Inc 2 7.31% $7,262
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.81% $8,690
    BAYSHORE MORTGAGE FUNDING, LLC 2 6.69% $8,539
    Century Mortgage Company DBA Century Lending Company 2 6.75% $13,056
    Equity Prime Mortgage LLC 2 6.44% $11,014
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 2 6.50% $9,908
    FIRST COLONY MORTGAGE CORPORATION 2 6.25% $6,367
    First Heritage Mortgage, LLC 2 5.56% $7,459
    Integrity Home Mortgage Corp 2 6.13% $11,561
    Keystone Funding, Inc. 2 6.19% $9,779
    Mortgage Research Center, LLC 2 6.00% $7,196
    NATION ONE MORTGAGE CORPORATION 2 5.63% $11,484
    NFM, INC. 2 6.56% $7,469
    Plains Commerce Bank 2 6.25% $11,994
    Presidential Bank, FSB 2 6.44% $7,428
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.31% $4,601
    RADIUS FINANCIAL GROUP INC. 2 7.13% $7,489
    Sierra Pacific Mortgage Company, Inc. 2 5.88% $10,480
    T2 FINANCIAL LLC 2 6.56% $8,582
    Vellum Mortgage, Inc. 2 6.25% $11,910
    VILLAGE CAPITAL MORTGAGE 1 6.63% $8,510
    NORTHPOINT MORTGAGE, INC. 1 6.25% $7,853
    Fulton Bank 1 6.50% $6,510
    Paramount Residential Mortgage Group, Inc. 1 6.63% $16,778
    American Mortgage & Equity Consultants, Inc. 1 6.25% $10,441
    PLANET HOME LENDING, LLC 1 6.75% $5,751
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $15,298
    UNION HOME MORTGAGE CORP. 1 5.50% $5,732
    First Option Mortgage, LLC 1 6.75% $8,893
    FIDELITY DIRECT MORTGAGE, LLC 1 6.25% $9,745
    AMERICAN FINANCIAL NETWORK, INC. 1 5.63% $10,347
    Evolve Bank & Trust 1 6.25% $14,738
    1ST FINANCIAL, INC. 1 6.00% $22,331
    MICHIGAN MUTUAL, INC. 1 6.25% $18,099
    HOMESIDE FINANCIAL, LLC 1 7.13% $8,095
    MLD MORTGAGE INC. 1 6.49% $9,890
    ENVOY MORTGAGE, LTD 1 7.13% $9,361
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $6,656
    MUTUAL OF OMAHA MORTGAGE, INC. 1 6.63% $12,634
    MY MORTGAGE, INC. 1 6.99% $11,140
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 5.50% $6,664
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 6.62% $8,532
    GSF Mortgage Corporation 1 6.63% $6,602

    The top Maryland USDA lender as defined by loan originations is FIRST HOME MORTGAGE CORPORATION, with 52 USDA loans originated. Their average total fees are $10,514, which is $7,493 higher than the next largest lender, Alcova Mortgage LLC.

    The lowest fee Maryland USDA lenders (with over 10 loans originated) are Alcova Mortgage LLC ($3,021), GUILD MORTGAGE COMPANY ($7,902), BAY CAPITAL MORTGAGE CORPORATION ($9,682), Towne Bank ($9,745) and AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC ($9,747).

    The lowest rate Maryland USDA lenders (with over 10 loans originated) are BAY CAPITAL MORTGAGE CORPORATION (6.02%), Towne Bank (6.17%), AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC (6.24%), GUILD MORTGAGE COMPANY (6.32%) and FIRST HOME MORTGAGE CORPORATION (6.35%).