Maryland VA Loan Rates, Closing Costs & Stats

Maryland

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Maryland VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Maryland averaged 6.36% for the week of 2023-05-26, compared to the national average (all VA variants) of 6.408% for the same period.

    Maryland's average VA mortgage closing costs are $7,627.

    The average rate for the prior week (2023-05-19) was 5.99% and one month ago for the week of 2023-04-21, the average rate was 6.01%.

    The average rate one year ago was 4.68%.

    For refis of the same type during the week of 2023-05-26, the average rate was 4.84%.

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

    Maryland VA Loan Lenders by Rates & Fees

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

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    Mortgage Research Center, LLC 1,223 5.09% $10,213
    NAVY FEDERAL CREDIT UNION 859 3.85% $9,220
    QUICKEN LOANS, LLC 837 4.07% $13,136
    UNITED WHOLESALE MORTGAGE, LLC 641 4.29% $12,722
    FIRST HOME MORTGAGE CORPORATION 631 4.62% $15,089
    FREEDOM MORTGAGE CORPORATION 587 4.17% $13,124
    PENNYMAC LOAN SERVICES, LLC 419 3.22% $11,352
    NVR Mortgage Finance, Inc. 373 4.15% $13,057
    LOANDEPOT.COM, LLC 309 3.71% $11,484
    CALIBER HOME LOANS, INC. 266 4.32% $14,187
    Towne Bank 264 4.30% $12,417
    USAA Federal Savings Bank 255 4.45% $10,970
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 244 4.71% $11,296
    NEW DAY FINANCIAL, LLC 211 4.88% $13,313
    Prosperity Home Mortgage, LLC 202 4.50% $14,612
    PENTAGON FEDERAL CREDIT UNION 180 3.61% $7,334
    NFM, INC. 174 4.80% $12,610
    PRIMARY RESIDENTIAL MORTGAGE, INC. 165 4.82% $14,714
    GUARANTEED RATE, INC. 158 4.32% $11,565
    The Federal Savings Bank 157 4.78% $17,428
    EAGLE HOME MORTGAGE, LLC 149 4.77% $9,273
    BAY CAPITAL MORTGAGE CORPORATION 140 4.42% $12,855
    Mr. Cooper ( Nationstar Mortgage ) 140 4.42% $11,549
    MCLEAN MORTGAGE CORPORATION 133 4.25% $20,991
    GUARANTEED RATE AFFINITY, LLC 127 4.57% $9,333
    MOVEMENT MORTGAGE, LLC 125 4.72% $10,268
    EMBRACE HOME LOANS, INC. 125 4.39% $14,201
    First Heritage Mortgage, LLC 120 4.83% $16,553
    HOME POINT FINANCIAL CORPORATION 118 4.11% $12,555
    Meridian Bank Corporation 97 4.44% $10,195
    CROSSCOUNTRY MORTGAGE, LLC 91 4.89% $15,267
    Wells Fargo Bank 89 4.04% $7,726
    NEWREZ LLC 87 4.14% $11,015
    Truist 80 3.96% $10,437
    AMERISAVE MORTGAGE CORPORATION 80 4.12% $14,271
    CMG MORTGAGE, INC. 80 4.82% $15,814
    George Mason Mortgage, LLC 77 4.18% $13,234
    DHI MORTGAGE COMPANY, LTD. 77 3.91% $9,879
    HOMESPIRE MORTGAGE CORPORATION 68 4.28% $13,566
    DRAPER AND KRAMER MORTGAGE CORP. 67 4.16% $13,500
    Plains Commerce Bank 64 4.50% $12,421
    CLEARPATH LENDING 63 3.75% $12,733
    PRIMELENDING, A PLAINSCAPITAL COMPANY 62 4.81% $10,050
    Carrington Mortgage Services, LLC 58 4.39% $11,006
    VILLAGE CAPITAL MORTGAGE 57 3.68% $11,940
    SOUTHERN TRUST MORTGAGE, LLC 54 4.37% $12,170
    BROKER SOLUTIONS, INC. 53 4.85% $13,107
    LAKEVIEW LOAN SERVICING, LLC 52 3.30% $5,958
    Presidential Bank, FSB 52 4.82% $16,732
    CARDINAL FINANCIAL 49 4.73% $14,645
    HOMEAMERICAN MORTGAGE CORPORATION 48 3.94% $10,017
    Mid-Continent Funding, Inc. 46 4.37% $9,482
    Vellum Mortgage, Inc. 46 4.71% $14,411
    Atlantic Coast Mortgage, LLC 46 4.60% $14,212
    HOMEBRIDGE FINANCIAL SERVICES, INC. 45 4.35% $11,975
    HOMESIDE FINANCIAL, LLC 42 4.70% $13,196
    NBKC BANK 42 4.26% $10,325
    North American Savings Bank, F.S.B. 41 4.16% $11,201
    Waterstone Mortgage Corporation 41 4.62% $18,021
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 41 4.98% $17,596
    DIRECT MORTGAGE LOANS, LLC 41 5.10% $13,348
    Paramount Residential Mortgage Group, Inc. 40 4.59% $13,450
    GUILD MORTGAGE COMPANY 40 4.34% $11,694
    FIRST SAVINGS MORTGAGE CORPORATION 38 4.43% $13,715
    ACADEMY MORTGAGE CORPORATION 38 4.57% $14,833
    INTERLINC MORTGAGE SERVICES, LLC 38 4.71% $11,520
    Sierra Pacific Mortgage Company, Inc. 37 4.21% $11,502
    Flagstar Bank, FSB 36 4.44% $14,513
    INTERCOASTAL MORTGAGE COMPANY 36 4.39% $14,340
    PULTE MORTGAGE LLC 34 4.50% $7,621
    Magnolia Bank 32 3.89% $14,184
    BNC National Bank 31 4.02% $11,745
    SWBC MORTGAGE CORPORATION 31 5.06% $8,942
    Sandy Spring Bank 29 5.26% $12,863
    Lakeview Community Capital, LLC 28 3.60% $7,755
    SUN WEST MORTGAGE COMPANY, INC. 28 4.33% $11,125
    BAY EQUITY LLC 28 5.32% $9,854
    Barrington Bank & Trust Company, N.A. 28 4.82% $10,337
    M&T Bank 27 3.93% $8,836
    1ST FINANCIAL, INC. 27 4.64% $13,780
    Armed Forces Bank 26 4.36% $10,735
    UNION HOME MORTGAGE CORP. 26 3.90% $11,823
    MUTUAL OF OMAHA MORTGAGE, INC. 26 4.52% $12,518
    EMM LOANS LLC 25 4.74% $10,019
    Shore United Bank 25 4.09% $20,275
    THE MORTGAGE LINK, INC. 25 4.36% $11,737
    Nations Lending Corporation 24 5.02% $13,596
    PLANET HOME LENDING, LLC 24 3.90% $8,629
    First Home Bank 23 4.70% $17,975
    APEX HOME LOANS, INC. 22 4.23% $15,861
    Ameris Bank 21 4.22% $12,944
    ENVOY MORTGAGE, LTD 21 5.07% $10,223
    FIDELITY DIRECT MORTGAGE, LLC 20 4.50% $16,855
    Strong Home Mortgage, LLC 19 4.02% $12,446
    CHURCHILL MORTGAGE CORPORATION 19 5.29% $16,490
    RELIANCE FIRST CAPITAL, LLC 18 4.68% $12,021
    ABSOLUTE HOME MORTGAGE CORPORATION 18 5.33% $11,091
    Hometown Lenders, Inc. 18 5.26% $15,510
    CHERRY CREEK MORTGAGE, LLC 18 4.74% $7,262
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 16 4.95% $9,068
    SOVEREIGN LENDING GROUP INCORPORATED 16 3.84% $12,856
    1ST PREFERENCE MORTGAGE CORP. 15 4.01% $14,565
    TJC Mortgage, Inc. 15 4.13% $13,209
    EQUITY RESOURCES, INC. 15 5.01% $10,024
    U.S. Bank 15 4.60% $11,951
    Alcova Mortgage LLC 15 4.78% $9,559
    BAYSHORE MORTGAGE FUNDING, LLC 15 5.33% $12,623
    NATIONWIDE MORTGAGE BANKERS, INC. 14 5.49% $15,022
    Equity Prime Mortgage LLC 14 5.22% $12,900
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 14 4.10% $11,854
    WesBanco Bank, Inc. 14 4.30% $11,464
    Low VA Rates, LLC 13 4.67% $21,765
    NATIONS DIRECT MORTGAGE, LLC 13 4.78% $10,033
    Wyndham Capital Mortgage, Inc. 13 3.45% $14,434
    CONTOUR MORTGAGE CORPORATION 13 4.45% $14,361
    PNC Bank 12 3.77% $8,225
    JAMS-01, INC. 12 4.84% $18,562
    MORTGAGE SOLUTIONS OF COLORADO, LLC 12 5.13% $12,345
    FINANCE OF AMERICA MORTGAGE LLC 12 4.51% $15,303
    MY MORTGAGE, INC. 11 4.59% $13,851
    Capital Bank 11 4.02% $11,987
    NETWORK CAPITAL FUNDING CORPORATION 11 3.47% $11,132
    West Town Bank & Trust 11 4.85% $13,763
    TOWER 10 4.21% $9,825
    NP, Inc. 10 3.44% $8,227
    Fulton Bank 10 4.40% $13,125
    First Federal Bank 10 4.25% $11,539
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 10 4.20% $7,574
    T2 FINANCIAL LLC 10 5.34% $9,005
    SECURITYNATIONAL MORTGAGE COMPANY 10 4.34% $12,403
    Integrity Home Mortgage Corp 10 5.31% $7,747
    EagleBank 10 4.10% $18,374
    EVERETT FINANCIAL, INC. 9 4.56% $7,216
    Northpointe Bank 9 5.24% $9,387
    LOANPAL, LLC 9 3.90% $12,747
    MILLENNIUM FINANCIAL GROUP, INC. 9 4.60% $15,353
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 8 4.63% $12,858
    AMERICAN FINANCING CORPORATION 8 4.05% $12,042
    Mortgage Network, Inc. 8 5.06% $12,289
    MDE Home Loans, LLC 8 4.58% $21,171
    Sunflower Bank 8 3.73% $13,396
    UNIVERSAL MORTGAGE & FINANCE, INC. 8 5.97% $16,261
    SUCCESS MORTGAGE PARTNERS, INC. 7 4.67% $9,786
    Encompass Lending Group, LP 7 3.84% $15,823
    CORNERSTONE HOME LENDING, INC. 7 4.34% $15,985
    Homesale Mortgage, LLC 7 4.66% $13,194
    Community First National Bank 7 4.98% $11,629
    First Guaranty Mortgage Corporation 7 3.52% $11,576
    DAS Acquisition Company, LLC 6 4.98% $11,506
    ARC HOME LLC 6 4.79% $14,267
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 6 5.21% $12,906
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 6 5.58% $17,178
    Texana Bank 6 4.42% $11,967
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 6 4.75% $6,621
    Florida Capital Bank 6 4.38% $10,391
    CAPITAL CENTER, L.L.C. 6 4.19% $5,455
    PLAZA HOME MORTGAGE, INC. 6 3.63% $11,960
    MORTGAGE ACCESS CORP. 6 4.79% $14,639
    OCMBC, INC. 6 4.79% $15,602
    Credence Funding Corporation 6 3.13% $5,457
    AMERICAN PACIFIC MORTGAGE CORPORATION 6 5.02% $13,404
    RESIDENTIAL BANCORP. 5 4.07% $12,227
    Residential Mortgage Solutions, Inc. 5 4.98% $14,262
    TIDEWATER MORTGAGE SERVICES, INC. 5 4.18% $16,015
    First Mortgage Solutions, LLC 5 3.30% $14,288
    LADERA LENDING, INC. 5 4.38% $10,318
    MANN FINANCIAL INC. 5 4.30% $10,328
    GENEVA FINANCIAL, LLC 5 4.63% $10,698
    PIKE CREEK MORTGAGE SERVICES, INC. 5 5.68% $12,459
    Princeton Mortgage Corporation 5 3.85% $14,042
    NORWICH COMMERCIAL GROUP, INC. 5 5.43% $13,401
    C & F Mortgage Corporation 5 5.50% $16,511
    HomePromise Corporation 4 5.72% $10,988
    KELLER MORTGAGE, LLC 4 4.44% $11,288
    LOANFLIGHT LENDING, LLC 4 3.03% $2,829
    MORTGAGEONE, INC. 4 4.69% $6,157
    FIRST EQUITY MORTGAGE INCORPORATED 4 4.16% $9,150
    PHH Mortgage Corporation 4 4.38% $14,024
    PREMIA MORTGAGE, LLC 4 4.13% $15,749
    CityWorth Mortgage LLC 4 4.09% $20,385
    Citizens Bank 4 4.19% $10,516
    CERTAINTY HOME LOANS, LLC 4 5.69% $18,389
    Blue Ridge Bank 4 5.41% $18,890
    Bank of America 4 4.34% $13,315
    ALLIED MORTGAGE GROUP, INC. 4 5.06% $11,598
    CALCON MUTUAL MORTGAGE LLC 3 6.08% $19,906
    CBM Mortgage, Inc. 3 5.88% $8,574
    AmRes Corporation 3 5.17% $7,736
    Century Mortgage Company DBA Century Lending Company 3 4.46% $7,505
    MILEND, INC. 3 4.13% $17,217
    THRIVE MORTGAGE, LLC 3 3.54% $6,787
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 3 4.96% $5,407
    POLARIS HOME FUNDING CORP. 3 4.96% $20,377
    Watermark Capital, Inc. 3 5.38% $8,503
    NEW FED MORTGAGE, CORP. 3 2.63% $2,151
    The Freedom Bank of Virginia 3 4.75% $18,166
    AMERICAN HOME LENDING USA, LLC 3 4.13% $9,383
    LIBERTY HOME MORTGAGE CORPORATION 3 4.63% $12,502
    US MORTGAGE CORPORATION 2 4.75% $14,463
    First Internet Bank of Indiana 2 2.81% $8,534
    First National Bank of Pennsylvania 2 4.75% $19,952
    Paramount Bank 2 3.81% $10,455
    MORTGAGE EQUITY PARTNERS LLC 2 5.31% $10,728
    Cornerstone First Mortgage, Inc 2 6.38% $11,512
    MLD MORTGAGE INC. 2 3.63% $11,267
    MISSION MORTGAGE LLC 2 4.12% $8,470
    CNB Bank Inc. 2 4.31% $18,394
    Prime Choice Funding Inc. 2 3.00% $9,486
    RESIDENTIAL HOME FUNDING CORP. 2 3.81% $8,785
    Cedar Point Federal Credit Union 2 3.94% $36,447
    S1L, Inc. 2 5.00% $6,578
    STOCKTON MORTGAGE CORPORATION 2 3.81% $21,576
    BELEM SERVICING LLC 2 2.50% $8,424
    Bank of England 2 4.94% $14,497
    TD Bank 2 4.44% $1,434
    The Huntington National Bank 2 4.06% $5,592
    Atlantic Union Bank 2 4.50% $13,166
    Goldwater Bank, N.A. 2 3.56% $10,929
    JPMorgan Chase Bank 2 4.19% $18,552
    GSF Mortgage Corporation 2 4.63% $9,042
    GUARANTY HOME MORTGAGE CORPORATION 2 5.06% $6,255
    VAN DYK MORTGAGE CORPORATION 2 4.69% $14,783
    INTERCAP LENDING INC. 2 3.38% $7,183
    Financial Freedom Mortgage, LLC 2 5.69% $4,438
    NASA Federal Credit Union 2 2.81% $4,915
    Semper Home Loans, Inc. 1 2.88% $2,749
    Service Federal Credit Union 1 4.25% $4,176
    CASTLE & COOKE MORTGAGE, LLC 1 5.75% $17,979
    MEMBERS 1ST FEDERAL CREDIT UNION 1 5.25% $4,266
    Peoples Bank 1 4.25% $5,472
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 5.63% $16,928
    ZILLOW HOME LOANS, LLC 1 4.50% $1,318
    Gateway First Bank 1 7.63% $24,025
    Stifel Bank and Trust 1 3.88% $3,196
    NATIONS RELIABLE LENDING, LLC 1 3.75% $4,908
    First Horizon Bank 1 2.63% $17,926
    LOANLEADERS OF AMERICA, INC. 1 3.99% $4,783
    MORIA DEVELOPMENT, INC. 1 4.75% $27,418
    OPEN MORTGAGE, LLC 1 3.63% $14,465
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.13% $14,621
    LENOX FINANCIAL MORTGAGE CORPORATION 1 3.75% $5,093
    TBI MORTGAGE COMPANY 1 3.75% $10,965
    First Federal Bank of Kansas City 1 4.88% $625
    LEADERONE FINANCIAL CORPORATION 1 4.38% $11,434
    AXIA FINANCIAL, LLC 1 4.63% $4,643
    PATRIOT 1 4.38% $8,230
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 6.50% $13,728
    NexBank 1 4.38% $5,814
    The Union Bank Company 1 3.13% $20,231
    PANORAMA MORTGAGE GROUP, LLC 1 5.63% $9,807
    Leader Bank 1 3.75% $5,265
    FBC MORTGAGE, LLC 1 4.88% $9,460
    Mutual Federal Bank 1 5.25% $3,184
    GoPrime Mortgage, Inc. 1 6.13% $10,581
    HOMESTEAD FUNDING CORP. 1 3.50% $5,136
    Acre Mortgage and Financial Inc 1 6.00% $17,579
    ANGEL OAK HOME LOANS LLC 1 3.25% $18,406
    Citibank 1 4.13% $4,667
    Colonial Savings, F.A. 1 4.25% $10,399
    CIS Financial Services, Inc. 1 5.88% $5,786
    First Option Mortgage, LLC 1 4.63% $9,885
    Academy Bank 1 3.13% $6,160
    Quik Fund, Inc 1 6.63% $5,449
    Colten Mortgage, LLC 1 5.63% $12,473
    MID AMERICA MORTGAGE, INC. 1 2.50% $2,202
    OVM FINANCIAL, INC. 1 3.13% $20,915
    MICHIGAN MUTUAL, INC. 1 6.13% $2,123
    UNITED MORTGAGE CORP. 1 3.63% $16,978
    American Security Mortgage Corp. 1 4.13% $16,997
    AMERICAN FINANCIAL RESOURCES, INC. 1 5.25% $6,974
    SeaTrust Mortgage Company 1 4.75% $11,337
    First United Bank and Trust Company 1 4.88% $5,140

    The top Maryland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,223 VA loans originated. Their average total fees are $10,213, which is $993 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Maryland VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($5,958), CHERRY CREEK MORTGAGE, LLC ($7,262), PENTAGON FEDERAL CREDIT UNION ($7,334), ABERDEEN PROVING GROUND FEDERAL CREDIT UNION ($7,574) and PULTE MORTGAGE LLC ($7,621).

    The lowest rate Maryland VA lenders (with over 10 loans originated) are PENNYMAC LOAN SERVICES, LLC (3.22%), LAKEVIEW LOAN SERVICING, LLC (3.30%), NP, Inc. (3.44%), Wyndham Capital Mortgage, Inc. (3.45%) and NETWORK CAPITAL FUNDING CORPORATION (3.47%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.