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 6.83% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Maryland's average VA mortgage closing costs are $8,206.

    The average rate for the prior week (2025-05-16) was 6.91% and one month ago for the week of 2025-04-18, the average rate was 6.78%.

    The average rate one year ago was 6.9%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.61%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 1,183 6.29% $8,241
    UNITED WHOLESALE MORTGAGE, LLC 1,033 5.81% $10,348
    FREEDOM MORTGAGE CORPORATION 709 6.11% $11,149
    QUICKEN LOANS, LLC 649 6.00% $12,730
    NAVY FEDERAL CREDIT UNION 526 5.88% $8,470
    FIRST HOME MORTGAGE CORPORATION 415 6.31% $11,939
    NVR Mortgage Finance, Inc. 402 6.09% $9,745
    PENNYMAC LOAN SERVICES, LLC 329 5.58% $10,343
    NFM, INC. 239 6.31% $13,315
    VILLAGE CAPITAL MORTGAGE 225 5.53% $9,095
    MOVEMENT MORTGAGE, LLC 193 6.21% $10,727
    NEWREZ LLC 177 6.12% $10,974
    DHI MORTGAGE COMPANY, LTD. 169 5.42% $8,632
    CROSSCOUNTRY MORTGAGE, LLC 164 6.22% $10,236
    CMG MORTGAGE, INC. 158 6.19% $12,891
    Towne Bank 157 6.10% $13,249
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 149 6.28% $10,134
    Prosperity Home Mortgage, LLC 147 6.13% $12,403
    EAGLE HOME MORTGAGE, LLC 146 6.08% $8,007
    First Heritage Mortgage, LLC 135 6.20% $13,419
    USAA Federal Savings Bank 131 6.21% $12,072
    LOANDEPOT.COM, LLC 124 5.92% $12,016
    NEW DAY FINANCIAL, LLC 118 7.60% $16,861
    The Federal Savings Bank 109 6.21% $22,103
    GUARANTEED RATE, INC. 106 5.97% $10,074
    EMBRACE HOME LOANS, INC. 92 6.11% $12,390
    Meridian Bank Corporation 84 6.20% $9,623
    PRIMARY RESIDENTIAL MORTGAGE, INC. 82 6.23% $11,076
    BAY CAPITAL MORTGAGE CORPORATION 79 6.14% $11,478
    GUARANTEED RATE AFFINITY, LLC 77 6.21% $9,916
    Mr. Cooper ( Nationstar Mortgage ) 73 5.99% $10,827
    PENTAGON FEDERAL CREDIT UNION 71 5.95% $7,046
    BAY EQUITY LLC 70 6.15% $11,148
    Atlantic Coast Mortgage, LLC 64 6.29% $12,532
    PULTE MORTGAGE LLC 62 5.81% $7,889
    Vellum Mortgage, Inc. 62 6.20% $13,052
    PLANET HOME LENDING, LLC 59 5.65% $7,452
    First Federal Bank 57 5.64% $8,431
    Presidential Bank, FSB 56 6.14% $12,299
    DIRECT MORTGAGE LOANS, LLC 54 6.61% $13,648
    GUILD MORTGAGE COMPANY 54 6.27% $12,271
    DAS Acquisition Company, LLC 49 6.08% $14,097
    CLEARPATH LENDING 49 5.64% $10,223
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 46 6.54% $12,406
    Carrington Mortgage Services, LLC 45 5.91% $13,788
    PRIMELENDING, A PLAINSCAPITAL COMPANY 45 6.38% $7,102
    SUN WEST MORTGAGE COMPANY, INC. 44 5.99% $12,646
    FIRST SAVINGS MORTGAGE CORPORATION 43 6.22% $14,220
    NBKC BANK 43 5.88% $9,945
    SWBC MORTGAGE CORPORATION 42 6.34% $10,467
    BROKER SOLUTIONS, INC. 41 6.39% $14,058
    ENVOY MORTGAGE, LTD 40 6.58% $11,150
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 40 6.14% $13,542
    SOUTHERN TRUST MORTGAGE, LLC 39 6.31% $10,919
    MUTUAL OF OMAHA MORTGAGE, INC. 36 6.21% $17,433
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 35 6.03% $9,684
    Armed Forces Bank 34 6.07% $10,872
    Sandy Spring Bank 32 6.22% $13,106
    Residential Mortgage Solutions, Inc. 32 6.34% $8,991
    LAKEVIEW LOAN SERVICING, LLC 32 5.64% $7,512
    Truist 31 6.09% $11,289
    Lakeview Community Capital, LLC 30 5.65% $8,091
    Barrington Bank & Trust Company, N.A. 29 6.25% $7,164
    FIDELITY DIRECT MORTGAGE, LLC 28 6.39% $11,749
    Shore United Bank 28 6.41% $13,017
    INTERCOASTAL MORTGAGE COMPANY 28 6.19% $15,142
    HOMESPIRE MORTGAGE CORPORATION 24 6.19% $11,952
    Sierra Pacific Mortgage Company, Inc. 23 6.36% $9,965
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 23 6.08% $6,512
    Paramount Residential Mortgage Group, Inc. 23 6.51% $13,437
    FIRST COMMUNITY MORTGAGE, INC. 22 6.21% $14,701
    Ameris Bank 21 6.37% $8,707
    WesBanco 21 6.51% $9,660
    EMM LOANS LLC 21 6.33% $9,414
    HOMESIDE FINANCIAL, LLC 21 6.39% $12,301
    LOANPAL, LLC 20 5.91% $14,337
    Plains Commerce Bank 19 6.34% $10,053
    Flagstar Bank, FSB 19 5.93% $10,748
    Equity Prime Mortgage LLC 19 6.36% $14,751
    Strong Home Mortgage, LLC 19 5.99% $11,458
    M&T Bank 18 6.03% $13,902
    Waterstone Mortgage Corporation 18 6.01% $17,923
    THE MORTGAGE LINK, INC. 18 6.23% $24,834
    United Bank 17 6.01% $9,407
    BAYSHORE MORTGAGE FUNDING, LLC 17 6.33% $16,699
    AMERICAN FINANCIAL NETWORK, INC. 17 6.50% $14,029
    CHURCHILL MORTGAGE CORPORATION 17 6.26% $13,873
    EQUITY RESOURCES, INC. 17 5.98% $9,587
    U.S. Bank 15 6.08% $11,440
    AMERISAVE MORTGAGE CORPORATION 15 5.97% $21,277
    PLAZA HOME MORTGAGE, INC. 15 5.81% $10,814
    Alcova Mortgage LLC 15 6.37% $10,736
    HOMEAMERICAN MORTGAGE CORPORATION 14 5.58% $8,168
    Credence Funding Corporation 14 5.66% $7,356
    Fulton Bank 14 6.19% $12,882
    Century Mortgage Company DBA Century Lending Company 14 5.72% $10,901
    Integrity Home Mortgage Corp 14 6.55% $11,715
    Keystone Funding, Inc. 13 6.13% $12,923
    American Mortgage & Equity Consultants, Inc. 12 6.21% $9,352
    LEADERONE FINANCIAL CORPORATION 12 6.43% $12,952
    UNION HOME MORTGAGE CORP. 12 5.76% $12,178
    Capital Bank 12 6.35% $13,530
    CARDINAL FINANCIAL 12 6.00% $15,297
    MORTGAGE SOLUTIONS OF COLORADO, LLC 11 7.07% $11,460
    JPMorgan Chase Bank 11 6.04% $7,730
    RADIUS FINANCIAL GROUP INC. 10 6.59% $13,088
    HOMEBRIDGE FINANCIAL SERVICES, INC. 10 6.41% $5,783
    PHH Mortgage Corporation 10 5.52% $5,402
    Mid-Continent Funding, Inc. 10 6.16% $10,607
    TIDEWATER MORTGAGE SERVICES, INC. 9 6.63% $12,139
    MY MORTGAGE, INC. 9 6.10% $9,296
    MORTGAGE ACCESS CORP. 9 6.40% $11,722
    Wells Fargo Bank 9 6.32% $9,822
    NATIONWIDE MORTGAGE BANKERS, INC. 8 6.47% $17,831
    GoPrime Mortgage, Inc. 8 6.17% $16,909
    ZILLOW HOME LOANS, LLC 7 6.09% $12,605
    AMERICAN FINANCIAL RESOURCES, INC. 7 6.48% $12,185
    AmeriHome Mortgage Company, LLC 7 6.21% $11,300
    First National Bank of Pennsylvania 7 6.07% $13,637
    MDE Home Loans, LLC 7 6.04% $8,069
    NORWICH COMMERCIAL GROUP, INC. 7 6.11% $12,117
    TJC Mortgage, Inc. 7 5.48% $10,485
    UNIVERSAL MORTGAGE & FINANCE, INC. 7 6.86% $14,737
    1ST FINANCIAL, INC. 7 6.61% $14,620
    GENEVA FINANCIAL, LLC 6 6.48% $19,542
    MICHIGAN MUTUAL, INC. 6 6.79% $8,378
    JET HOMELOANS, LLC 6 6.20% $13,235
    NORTHPOINT MORTGAGE, INC. 6 6.17% $12,429
    MILLENNIUM FINANCIAL GROUP, INC. 6 6.06% $13,354
    OCMBC, INC. 5 6.05% $7,909
    AFFORDABLE MORTGAGE ADVISORS, LLC. 5 6.40% $12,255
    NATIONS DIRECT MORTGAGE, LLC 5 6.00% $9,379
    CALCON MUTUAL MORTGAGE LLC 5 6.18% $7,509
    LADERA LENDING, INC. 5 6.45% $13,955
    Nations Lending Corporation 5 6.20% $7,680
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.42% $17,367
    TOTAL MORTGAGE SERVICES, LLC 5 6.23% $22,125
    MORIA DEVELOPMENT, INC. 5 5.95% $9,143
    T2 FINANCIAL LLC 5 6.20% $14,897
    JAMS-01, INC. 5 5.70% $13,711
    Evolve Bank & Trust 4 6.63% $11,824
    SUCCESS MORTGAGE PARTNERS, INC. 4 6.12% $20,996
    VAN DYK MORTGAGE CORPORATION 4 6.62% $7,627
    The Freedom Bank of Virginia 4 6.25% $12,931
    Watermark Capital, Inc. 4 6.59% $5,173
    The Loan Store, Inc. 4 6.28% $15,907
    Homesale Mortgage, LLC 4 6.50% $9,214
    First Western Trust Bank 4 6.03% $12,661
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 4 6.47% $7,928
    C & F Mortgage Corporation 4 6.78% $15,419
    MORTGAGE EQUITY PARTNERS LLC 4 6.88% $14,485
    Texana Bank 3 6.75% $21,173
    PNC Bank 3 6.71% $5,650
    PREMIA MORTGAGE, LLC 3 5.66% $15,308
    EVERETT FINANCIAL, INC. 3 6.58% $12,521
    Ixonia Bank 3 6.29% $22,091
    MORTGAGEONE, INC. 3 6.08% $5,897
    CAPITAL CENTER, L.L.C. 3 6.29% $5,918
    RELIANCE FIRST CAPITAL, LLC 3 6.58% $19,099
    NETWORK CAPITAL FUNDING CORPORATION 3 5.96% $12,607
    SeaTrust Mortgage Company 3 6.46% $13,147
    Atlantic Union Bank 3 6.50% $17,344
    CONTOUR MORTGAGE CORPORATION 3 6.75% $12,965
    LENOX FINANCIAL MORTGAGE CORPORATION 3 6.13% $6,225
    LIBERTY HOME MORTGAGE CORPORATION 3 6.42% $16,418
    TBI MORTGAGE COMPANY 3 6.04% $9,964
    PIKE CREEK MORTGAGE SERVICES, INC. 3 6.25% $11,549
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 2 6.81% $8,743
    North American Savings Bank, F.S.B. 2 5.81% $7,645
    Citizens Bank 2 5.75% $11,272
    TD Bank 2 6.88% $3,663
    JMAC LENDING, INC. 2 6.44% $5,318
    BETTER MORTGAGE CORPORATION 2 6.06% $3,826
    TOWNE MORTGAGE COMPANY 2 6.69% $11,972
    Bank of America 2 5.88% $14,246
    HARTFORD FUNDING, LTD. 2 7.00% $9,936
    University Bank 2 5.69% $10,909
    OceanFirst Bank 2 5.44% $10,563
    Acre Mortgage and Financial Inc 2 6.94% $11,642
    NATION ONE MORTGAGE CORPORATION 2 5.50% $6,533
    LOANFLIGHT LENDING, LLC 2 5.50% $6,070
    Franklin Loan Corporation 2 6.00% $7,603
    First Option Mortgage, LLC 2 6.94% $2,576
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.25% $11,528
    East Coast Capital Corp. 2 6.25% $7,278
    D. L. Evans Bank 2 5.63% $12,783
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 2 6.50% $4,284
    CORNERSTONE HOME LENDING, INC. 2 6.00% $8,345
    Cornerstone First Mortgage, Inc 2 6.69% $10,697
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.00% $15,286
    Service Federal Credit Union 2 6.44% $4,879
    York Traditions Bank 1 6.75% $8,352
    LEGEND LENDING CORPORATION 1 6.13% $20,498
    LANGLEY 1 6.88% $3,616
    LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $10,258
    NASA Federal Credit Union 1 5.75% $4,475
    Hometown Equity Mortgage, LLC 1 6.38% $16,858
    Home Mortgage Alliance Corp 1 7.13% $2,973
    NEXERA HOLDING LLC 1 6.75% $3,118
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.63% $17,179
    NJ LENDERS CORP. 1 6.13% $13,171
    Northpointe Bank 1 5.75% $2,747
    Northwest Federal Credit Union 1 7.38% $8,000
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.75% $5,940
    Old National Bank 1 5.63% $9,461
    OPEN MORTGAGE, LLC 1 6.25% $6,764
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 6.25% $25,039
    First-Citizens Bank & Trust Company 1 6.13% $4,626
    Fifth Third Bank 1 5.63% $7,468
    Encompass Lending Group, LP 1 6.50% $9,693
    DELMAR FINANCIAL COMPANY 1 6.75% $24,091
    Residential Acceptance Corporation 1 8.25% $9,451
    CityWorth Mortgage LLC 1 6.75% $18,415
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.13% $0
    South State Bank 1 6.13% $5,825
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.25% $11,837
    STOCKTON MORTGAGE CORPORATION 1 6.00% $7,277
    Stride Bank 1 6.25% $4,739
    Sunflower Bank 1 6.13% $21,498
    CANOPY MORTGAGE, LLC 1 6.50% $5,342
    Blue Ridge Bank 1 6.63% $4,257
    BAY-VALLEY MORTGAGE GROUP 1 6.75% $9,303
    MILEND, INC. 1 6.25% $9,693
    ALLIED MORTGAGE GROUP, INC. 1 6.00% $15,415
    ALAMEDA MORTGAGE CORPORATION 1 6.50% $12,989
    V.I.P. MORTGAGE, INC. 1 6.75% $4,242
    Academy Bank 1 6.25% $4,285
    Merchants Bank of Indiana 1 5.99% $16,642
    MID AMERICA MORTGAGE, INC. 1 6.13% $67,218

    The top Maryland VA lender as defined by loan originations is Mortgage Research Center, LLC, with 1,183 VA loans originated. Their average total fees are $8,241, which is $2,108 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Maryland VA lenders (with over 10 loans originated) are PHH Mortgage Corporation ($5,402), HOMEBRIDGE FINANCIAL SERVICES, INC. ($5,783), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. ($6,512), PENTAGON FEDERAL CREDIT UNION ($7,046) and PRIMELENDING, A PLAINSCAPITAL COMPANY ($7,102).

    The lowest rate Maryland VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.42%), PHH Mortgage Corporation (5.52%), VILLAGE CAPITAL MORTGAGE (5.53%), HOMEAMERICAN MORTGAGE CORPORATION (5.58%) and PENNYMAC LOAN SERVICES, LLC (5.58%).

    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.