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 0.25% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Maryland's average VA mortgage closing costs are $7,954.

    The average rate for the prior week (2024-11-08) was 6.26% and one month ago for the week of 2024-10-11, the average rate was 6.23%.

    The average rate one year ago was 7.52%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.54%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 857 6.71% $9,520
    NAVY FEDERAL CREDIT UNION 595 5.83% $8,947
    UNITED WHOLESALE MORTGAGE, LLC 444 6.17% $12,531
    QUICKEN LOANS, LLC 406 6.16% $15,176
    FIRST HOME MORTGAGE CORPORATION 368 6.28% $14,091
    NVR Mortgage Finance, Inc. 343 5.77% $10,491
    FREEDOM MORTGAGE CORPORATION 205 6.55% $19,180
    NFM, INC. 187 6.45% $12,900
    EAGLE HOME MORTGAGE, LLC 183 6.08% $7,068
    PENNYMAC LOAN SERVICES, LLC 165 5.58% $11,213
    MOVEMENT MORTGAGE, LLC 162 6.48% $11,035
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 154 6.27% $9,852
    Prosperity Home Mortgage, LLC 149 6.09% $12,293
    The Federal Savings Bank 137 6.32% $20,491
    Towne Bank 135 6.25% $14,108
    USAA Federal Savings Bank 134 6.33% $12,081
    DHI MORTGAGE COMPANY, LTD. 133 5.85% $8,119
    LOANDEPOT.COM, LLC 130 5.94% $14,644
    PENTAGON FEDERAL CREDIT UNION 122 5.57% $11,613
    CROSSCOUNTRY MORTGAGE, LLC 108 6.50% $10,467
    BAY CAPITAL MORTGAGE CORPORATION 97 6.21% $14,629
    NEWREZ LLC 93 6.40% $14,325
    EMBRACE HOME LOANS, INC. 92 6.13% $15,528
    GUARANTEED RATE AFFINITY, LLC 91 6.31% $11,042
    PRIMARY RESIDENTIAL MORTGAGE, INC. 90 6.32% $13,067
    First Heritage Mortgage, LLC 88 6.24% $17,979
    GUARANTEED RATE, INC. 88 6.04% $9,254
    CALIBER HOME LOANS, INC. 86 6.14% $14,175
    CMG MORTGAGE, INC. 86 6.02% $12,298
    NEW DAY FINANCIAL, LLC 83 7.43% $17,554
    Vellum Mortgage, Inc. 63 6.38% $15,791
    Mr. Cooper ( Nationstar Mortgage ) 60 6.04% $16,822
    Meridian Bank Corporation 60 6.25% $12,565
    Presidential Bank, FSB 57 6.19% $13,327
    DRAPER AND KRAMER MORTGAGE CORP. 56 5.98% $11,204
    Truist 54 6.08% $10,522
    BAY EQUITY LLC 53 6.31% $12,074
    PRIMELENDING, A PLAINSCAPITAL COMPANY 47 6.65% $11,005
    George Mason Mortgage, LLC 43 6.03% $16,143
    VILLAGE CAPITAL MORTGAGE 41 6.25% $15,558
    Plains Commerce Bank 40 6.21% $12,834
    AMERISAVE MORTGAGE CORPORATION 40 5.73% $20,751
    Atlantic Coast Mortgage, LLC 39 6.16% $16,091
    PULTE MORTGAGE LLC 39 5.66% $8,691
    NBKC BANK 37 5.73% $12,619
    Sandy Spring Bank 30 6.21% $14,868
    GUILD MORTGAGE COMPANY 30 6.48% $12,496
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 29 6.59% $14,043
    INTERCOASTAL MORTGAGE COMPANY 28 6.10% $11,648
    Wells Fargo Bank 28 5.87% $10,046
    AMERICAN FINANCIAL NETWORK, INC. 28 6.33% $12,185
    Paramount Residential Mortgage Group, Inc. 26 6.64% $15,039
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 26 6.70% $10,032
    DIRECT MORTGAGE LOANS, LLC 25 6.76% $16,237
    SUN WEST MORTGAGE COMPANY, INC. 24 6.14% $11,701
    CARDINAL FINANCIAL 24 6.61% $17,690
    HOMESIDE FINANCIAL, LLC 24 6.53% $9,877
    Waterstone Mortgage Corporation 24 6.38% $16,388
    FIRST SAVINGS MORTGAGE CORPORATION 22 6.26% $18,636
    MUTUAL OF OMAHA MORTGAGE, INC. 22 6.49% $17,973
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 22 6.32% $11,585
    Barrington Bank & Trust Company, N.A. 21 6.23% $10,862
    BROKER SOLUTIONS, INC. 21 6.64% $14,314
    Shore United Bank 20 6.28% $12,895
    HOMEAMERICAN MORTGAGE CORPORATION 18 5.64% $5,731
    Keystone Funding, Inc. 18 6.35% $14,303
    FIDELITY DIRECT MORTGAGE, LLC 17 6.68% $13,105
    Equity Prime Mortgage LLC 17 6.64% $13,324
    DAS Acquisition Company, LLC 17 6.79% $7,877
    INTERLINC MORTGAGE SERVICES, LLC 17 6.60% $13,169
    SOUTHERN TRUST MORTGAGE, LLC 17 6.63% $14,999
    THE MORTGAGE LINK, INC. 16 6.46% $15,140
    Flagstar Bank, FSB 16 6.31% $13,588
    SWBC MORTGAGE CORPORATION 16 6.66% $11,825
    HOMESPIRE MORTGAGE CORPORATION 16 6.26% $11,320
    PLANET HOME LENDING, LLC 16 5.85% $11,664
    ACADEMY MORTGAGE CORPORATION 16 6.05% $13,060
    Ameris Bank 16 6.57% $16,717
    WesBanco 15 6.31% $14,351
    First Federal Bank 15 6.12% $10,279
    American Mortgage & Equity Consultants, Inc. 15 6.48% $12,318
    U.S. Bank 15 6.23% $9,227
    Armed Forces Bank 15 6.16% $9,479
    LAKEVIEW LOAN SERVICING, LLC 14 5.95% $11,582
    EMM LOANS LLC 14 5.93% $8,055
    JPMorgan Chase Bank 14 6.27% $4,994
    NATIONWIDE MORTGAGE BANKERS, INC. 14 6.70% $16,119
    Strong Home Mortgage, LLC 14 5.96% $11,915
    NORWICH COMMERCIAL GROUP, INC. 13 6.56% $15,260
    EVERETT FINANCIAL, INC. 13 6.34% $19,013
    ABSOLUTE HOME MORTGAGE CORPORATION 13 6.69% $9,343
    ENVOY MORTGAGE, LTD 13 6.61% $10,637
    Mid-Continent Funding, Inc. 13 6.25% $9,342
    Integrity Home Mortgage Corp 12 6.61% $13,456
    EQUITY RESOURCES, INC. 12 6.55% $9,435
    Residential Mortgage Solutions, Inc. 11 7.15% $9,999
    UNION HOME MORTGAGE CORP. 11 6.47% $13,276
    Sierra Pacific Mortgage Company, Inc. 10 6.67% $8,291
    CHURCHILL MORTGAGE CORPORATION 10 6.23% $18,226
    CONTOUR MORTGAGE CORPORATION 10 6.44% $16,553
    Fulton Bank 10 6.21% $12,326
    HOMEBRIDGE FINANCIAL SERVICES, INC. 10 6.56% $14,899
    PLAZA HOME MORTGAGE, INC. 9 6.49% $15,315
    BAYSHORE MORTGAGE FUNDING, LLC 9 6.68% $18,821
    Nations Lending Corporation 9 6.21% $15,406
    UNIVERSAL MORTGAGE & FINANCE, INC. 9 6.68% $21,855
    JET HOMELOANS, LLC 9 5.91% $5,932
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 9 6.65% $12,319
    MICHIGAN MUTUAL, INC. 8 6.50% $14,429
    BNC National Bank 8 5.34% $12,464
    M&T Bank 8 6.42% $8,317
    CORNERSTONE HOME LENDING, INC. 8 6.75% $9,172
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.41% $18,208
    Alcova Mortgage LLC 7 6.70% $9,961
    TIDEWATER MORTGAGE SERVICES, INC. 7 6.46% $14,403
    Magnolia Bank 7 5.82% $24,797
    MDE Home Loans, LLC 7 6.38% $19,823
    MORTGAGE SOLUTIONS OF COLORADO, LLC 7 7.16% $16,434
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 7 6.25% $15,674
    MORTGAGEONE, INC. 6 6.81% $5,477
    MORTGAGE EQUITY PARTNERS LLC 6 6.69% $14,421
    GENEVA FINANCIAL, LLC 6 6.69% $25,419
    MORTGAGE ACCESS CORP. 6 6.44% $8,088
    MY MORTGAGE, INC. 6 6.50% $13,639
    PNC Bank 6 6.54% $6,804
    OCMBC, INC. 6 6.69% $9,623
    MCLEAN MORTGAGE CORPORATION 6 5.73% $12,724
    LEADERONE FINANCIAL CORPORATION 5 6.93% $10,987
    T2 FINANCIAL LLC 5 6.63% $8,651
    MANN FINANCIAL INC. 5 6.23% $15,488
    EagleBank 5 5.80% $15,470
    TJC Mortgage, Inc. 5 6.05% $15,563
    First Savings Bank 5 5.50% $14,324
    SeaTrust Mortgage Company 5 6.38% $19,636
    NATIONS DIRECT MORTGAGE, LLC 5 6.85% $12,003
    RELIANCE FIRST CAPITAL, LLC 4 6.28% $16,968
    Citizens Bank 4 6.78% $7,699
    Carrington Mortgage Services, LLC 4 5.84% $3,706
    RADIUS FINANCIAL GROUP INC. 4 6.15% $15,451
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 4 6.31% $11,353
    SUCCESS MORTGAGE PARTNERS, INC. 4 6.72% $11,054
    SOVEREIGN LENDING GROUP INCORPORATED 4 5.38% $23,291
    CHERRY CREEK MORTGAGE, LLC 4 6.22% $6,189
    JAMS-01, INC. 4 6.41% $10,223
    Century Mortgage Company DBA Century Lending Company 3 6.41% $7,088
    C & F Mortgage Corporation 3 6.00% $20,370
    FIRST COMMUNITY MORTGAGE, INC. 3 6.91% $11,501
    LIBERTY HOME MORTGAGE CORPORATION 3 7.04% $36,247
    Capital Bank 3 6.79% $12,060
    CAPITAL CENTER, L.L.C. 3 6.00% $4,324
    NexBank 3 5.71% $9,836
    North American Savings Bank, F.S.B. 3 5.42% $12,134
    Northpointe Bank 3 6.42% $6,849
    NORTHPOINT MORTGAGE, INC. 3 7.33% $13,856
    LADERA LENDING, INC. 3 6.21% $17,006
    Lakeview Community Capital, LLC 3 5.92% $16,171
    1ST FINANCIAL, INC. 3 6.08% $15,394
    MILLENNIUM FINANCIAL GROUP, INC. 3 6.79% $8,761
    Florida Capital Bank 3 6.33% $11,723
    PREMIA MORTGAGE, LLC 3 6.46% $6,282
    RESIDENTIAL HOME FUNDING CORP. 3 6.08% $12,367
    Watermark Capital, Inc. 3 6.71% $12,472
    LOANPAL, LLC 3 6.75% $15,575
    LAND HOME FINANCIAL SERVICES, INC. 3 6.67% $12,269
    CBM Mortgage, Inc. 3 6.33% $19,743
    PIKE CREEK MORTGAGE SERVICES, INC. 3 5.96% $8,947
    First Western Trust Bank 2 7.31% $8,056
    Franklin Loan Corporation 2 5.50% $13,631
    HomePromise Corporation 2 7.50% $15,062
    Homesale Mortgage, LLC 2 6.44% $11,744
    MID AMERICA MORTGAGE, INC. 2 6.13% $11,055
    NATION ONE MORTGAGE CORPORATION 2 6.56% $6,365
    Community First National Bank 2 5.88% $9,243
    NETWORK CAPITAL FUNDING CORPORATION 2 6.13% $8,686
    ON Q FINANCIAL, INC. 2 6.56% $14,801
    Service Federal Credit Union 2 6.19% $14,950
    Stifel Bank and Trust 2 6.44% $9,348
    ZILLOW HOME LOANS, LLC 2 6.69% $5,760
    Atlantic Union Bank 2 6.69% $8,574
    TD Bank 2 6.63% $10,708
    AmeriHome Mortgage Company, LLC 2 6.06% $15,609
    The Freedom Bank of Virginia 2 6.13% $18,899
    VAN DYK MORTGAGE CORPORATION 2 6.25% $108
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 2 6.81% $11,228
    First National Bank of Pennsylvania 2 6.00% $6,211
    Cornerstone First Mortgage, Inc 1 5.63% $4,185
    Credence Funding Corporation 1 5.50% $3,575
    MORIA DEVELOPMENT, INC. 1 6.25% $13,960
    Bank of England 1 6.25% $9,234
    MLD MORTGAGE INC. 1 6.13% $13,325
    V.I.P. MORTGAGE, INC. 1 6.63% $14,503
    Bank of America 1 6.50% $7,027
    MILEND, INC. 1 6.75% $9,034
    SIRVA MORTGAGE, INC. 1 6.75% $0
    Aurora Financial, LLC 1 6.63% $8,507
    MID-ISLAND MORTGAGE CORP. 1 5.00% $23,815
    CRESCENT MORTGAGE COMPANY 1 6.00% $6,237
    Washington Trust Bank 1 6.63% $10,190
    Fifth Third Bank 1 6.00% $13,333
    Dollar Bank, Federal Savings Bank 1 6.75% $5,085
    Sunflower Bank 1 4.88% $7,886
    Academy Bank 1 6.00% $4,022
    Assurance Financial Group, L.L.C. 1 8.13% $0
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.38% $14,384
    GSF Mortgage Corporation 1 8.13% $18,178
    First National Bank Texas 1 6.25% $17,638
    Willamette Valley Bank 1 6.13% $19,117
    The Loan Store, Inc. 1 6.88% $19,916
    American Security Mortgage Corp. 1 6.25% $3,797
    Wilmington Savings Fund Society, FSB 1 7.63% $6,392
    Encompass Lending Group, LP 1 5.50% $12,242
    TOP FLITE FINANCIAL, INC. 1 6.75% $29,798
    HOMESTEAD FUNDING CORP. 1 6.63% $9,360
    TOWNE MORTGAGE COMPANY 1 7.25% $4,767
    AMERICAN INTERNET MORTGAGE, INC. 1 5.75% $12,506
    EVANSVILLE TEACHERS 1 6.38% $16,620
    United Bank 1 5.75% $1,695
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.75% $6,096
    Farmers and Merchants Trust Company of Chambersburg 1 7.13% $8,971
    Allied First Bank,sb 1 6.75% $8,911
    FBC MORTGAGE, LLC 1 5.63% $6,284
    First Federal Bank, A FSB 1 6.75% $33,558
    Acre Mortgage and Financial Inc 1 5.50% $27,904
    ACNB Bank 1 5.63% $11,566
    PHH Mortgage Corporation 1 5.63% $18,090
    Paramount Bank 1 6.13% $16,372
    NP, Inc. 1 7.13% $5,320
    Capital City Home Loans, LLC 1 5.75% $16,902
    CityWorth Mortgage LLC 1 5.50% $9,974
    CNB Bank Inc. 1 6.63% $13,551
    Wyndham Capital Mortgage, Inc. 1 5.50% $20,316
    Blue Ridge Bank 1 6.63% $7,407
    NATIONS RELIABLE LENDING, LLC 1 7.25% $2,698
    Core Bank 1 6.13% $24,754

    The top Maryland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 857 VA loans originated. Their average total fees are $9,520, which is $573 higher than the next largest lender, NAVY FEDERAL CREDIT UNION.

    The lowest fee Maryland VA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($4,994), HOMEAMERICAN MORTGAGE CORPORATION ($5,731), EAGLE HOME MORTGAGE, LLC ($7,068), DAS Acquisition Company, LLC ($7,877) and EMM LOANS LLC ($8,055).

    The lowest rate Maryland VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (5.57%), PENNYMAC LOAN SERVICES, LLC (5.58%), HOMEAMERICAN MORTGAGE CORPORATION (5.64%), PULTE MORTGAGE LLC (5.66%) and NBKC BANK (5.73%).

    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.