Maryland Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Maryland averaged
6.04%
for the week of 2023-05-25, compared to the national average of
6.57% for the same period.
The average rate for the prior week (2023-05-18) was
6.16% and
one month ago for the week of 2023-04-20, the
average rate was 6.16%.
Maryland's average rate one year ago was 5.12%.
For refis of the same type during the week of 2023-05-25, the average rate
was 5.41%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-05-25 | 6.57% |
| Maryland 30 Year Fixed Rate | 2023-05-25 | 6.04% |
| Maryland 30 Year Fixed Rate Refi | 2023-05-25 | 5.41% |
| Maryland 15 Year Fixed Rate | 2023-05-25 | 5.53% |
| Maryland 15 Year Fixed Rate Refi | 2023-05-25 | 4.58% |
| Maryland 30 Year FHA | 2023-05-25 | 6.19% |
| Maryland 30 Year FHA Refi | 2023-05-25 | 4.7% |
| Maryland 30 Year USDA | 2023-05-25 | 5.58% |
| Maryland 30 Year USDA Refi | 2023-05-25 | 6.43% |
| Maryland 30 Year VA | 2023-05-25 | 5.94% |
| Maryland 30 Year VA Refi | 2023-05-25 | 3.84% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Maryland.
Maryland 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 Maryland 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.).
Maryland Average Closing Costs & Other Stats
Maryland's 521 lenders originated 156,567
loans during 2022. The total origination value was $55,998,065,000, with an average loan value of
$357,662.
Maryland's average closing costs are $6,327.
The top Maryland lender as defined by loan originations is QUICKEN LOANS, LLC, with
5,201 loans originated. Their average total fees are
$7,121, which is $1,404
lower than the next largest lender,
FIRST HOME MORTGAGE CORPORATION.
The lowest fee Maryland lenders (with over 10 loans originated) are
CHERRY CREEK MORTGAGE, LLC ($1,124), Third Federal Savings and Loan Association of Cleveland ($1,861), NATIONAL COOPERATIVE BANK, N.A. ($2,284), NYMEO FEDERAL CREDIT UNION ($2,398) and PREMIA MORTGAGE, LLC ($2,480).
The lowest rate Maryland lenders (with over 10 loans originated) are
Stifel Bank and Trust (3.37%), CANOPY MORTGAGE, LLC (3.37%), DEPARTMENT OF COMMERCE (3.38%), Bank-Fund Staff Federal Credit Union (3.38%) and IDB Global Federal Credit Union (3.49%).
Maryland 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 |
|---|---|---|---|---|
| QUICKEN LOANS, LLC | $8,640,405,000 | $2,959,250,000 | -65.8% | 5.3% |
| FIRST HOME MORTGAGE CORPORATION | $3,860,340,000 | $1,920,595,000 | -50.2% | 3.4% |
| UNITED WHOLESALE MORTGAGE, LLC | $3,114,595,000 | $1,842,725,000 | -40.8% | 3.3% |
| Truist | $2,964,025,000 | $1,694,210,000 | -42.8% | 3.0% |
| NAVY FEDERAL CREDIT UNION | $1,949,395,000 | $1,193,025,000 | -38.8% | 2.1% |
| NVR Mortgage Finance, Inc. | $1,139,845,000 | $1,184,610,000 | 3.9% | 2.1% |
| Wells Fargo Bank | $3,047,225,000 | $1,161,605,000 | -61.9% | 2.1% |
| Bank of America | $1,588,460,000 | $990,025,000 | -37.7% | 1.8% |
| PNC Bank | $1,102,405,000 | $894,875,000 | -18.8% | 1.6% |
| NFM, INC. | $1,621,040,000 | $871,215,000 | -46.3% | 1.6% |
| CALIBER HOME LOANS, INC. | $2,389,165,000 | $865,035,000 | -63.8% | 1.5% |
| PENNYMAC LOAN SERVICES, LLC | $2,927,030,000 | $834,110,000 | -71.5% | 1.5% |
| LOANDEPOT.COM, LLC | $2,784,280,000 | $817,500,000 | -70.6% | 1.5% |
| Prosperity Home Mortgage, LLC | $1,421,250,000 | $815,920,000 | -42.6% | 1.5% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $916,070,000 | $757,805,000 | -17.3% | 1.4% |
| GREYSTONE SERVICING COMPANY LLC | $313,170,000 | $739,115,000 | 136.0% | 1.3% |
| BERKADIA COMMERCIAL MORTGAGE LLC | $186,135,000 | $733,550,000 | 294.1% | 1.3% |
| Towne Bank | $1,545,945,000 | $730,045,000 | -52.8% | 1.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $1,262,300,000 | $714,240,000 | -43.4% | 1.3% |
| Sandy Spring Bank | $1,300,145,000 | $691,745,000 | -46.8% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $1,250,655,000 | $660,870,000 | -47.2% | 1.2% |
| George Mason Mortgage, LLC | $1,158,250,000 | $649,715,000 | -43.9% | 1.2% |
| FREEDOM MORTGAGE CORPORATION | $3,776,355,000 | $626,220,000 | -83.4% | 1.1% |
| M&T Bank | $868,085,000 | $584,595,000 | -32.7% | 1.0% |
| HOMESPIRE MORTGAGE CORPORATION | $1,222,620,000 | $575,260,000 | -52.9% | 1.0% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,551,015,000 | $549,180,000 | -64.6% | 1.0% |
| EMBRACE HOME LOANS, INC. | $932,385,000 | $539,950,000 | -42.1% | 1.0% |
| MCLEAN MORTGAGE CORPORATION | $956,065,000 | $523,080,000 | -45.3% | 0.9% |
| Mortgage Research Center, LLC | $815,260,000 | $516,400,000 | -36.7% | 0.9% |
| First National Bank of Pennsylvania | $680,905,000 | $490,720,000 | -27.9% | 0.9% |
| JPMorgan Chase Bank | $1,282,495,000 | $489,285,000 | -61.8% | 0.9% |
| Meridian Bank Corporation | $1,065,595,000 | $469,555,000 | -55.9% | 0.8% |
| KeyBank | $352,650,000 | $457,090,000 | 29.6% | 0.8% |
| GUARANTEED RATE, INC. | $817,360,000 | $449,195,000 | -45.0% | 0.8% |
| Arbor Realty Trust, Inc. | $238,710,000 | $444,020,000 | 86.0% | 0.8% |
| Capital One | $935,540,000 | $436,460,000 | -53.3% | 0.8% |
| HOME POINT FINANCIAL CORPORATION | $1,586,925,000 | $415,080,000 | -73.8% | 0.7% |
| EAGLE HOME MORTGAGE, LLC | $503,040,000 | $407,050,000 | -19.1% | 0.7% |
| DRAPER AND KRAMER MORTGAGE CORP. | $803,705,000 | $406,195,000 | -49.5% | 0.7% |
| TOWER | $452,485,000 | $404,550,000 | -10.6% | 0.7% |
| WALKER & DUNLOP, LLC | $883,965,000 | $379,710,000 | -57.0% | 0.7% |
| Fulton Bank | $626,470,000 | $379,255,000 | -39.5% | 0.7% |
| BAY CAPITAL MORTGAGE CORPORATION | $816,710,000 | $375,300,000 | -54.0% | 0.7% |
| CROSSCOUNTRY MORTGAGE, LLC | $563,785,000 | $373,425,000 | -33.8% | 0.7% |
| First Heritage Mortgage, LLC | $700,605,000 | $370,080,000 | -47.2% | 0.7% |
| Citizens Bank | $508,895,000 | $364,365,000 | -28.4% | 0.7% |
| FIRST SAVINGS MORTGAGE CORPORATION | $829,445,000 | $363,320,000 | -56.2% | 0.6% |
| WesBanco Bank, Inc. | $393,645,000 | $345,215,000 | -12.3% | 0.6% |
| PENTAGON FEDERAL CREDIT UNION | $716,575,000 | $342,250,000 | -52.2% | 0.6% |
| Shore United Bank | $139,060,000 | $333,510,000 | 139.8% | 0.6% |
| MOVEMENT MORTGAGE, LLC | $473,250,000 | $325,235,000 | -31.3% | 0.6% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $658,835,000 | $316,320,000 | -52.0% | 0.6% |
| U.S. Bank | $638,115,000 | $309,040,000 | -51.6% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $1,149,740,000 | $302,940,000 | -73.7% | 0.5% |
| NEWREZ LLC | $1,028,520,000 | $290,620,000 | -71.7% | 0.5% |
| GUARANTEED RATE AFFINITY, LLC | $647,700,000 | $287,190,000 | -55.7% | 0.5% |
| Presidential Bank, FSB | $706,150,000 | $279,725,000 | -60.4% | 0.5% |
| TD Bank | $370,580,000 | $278,980,000 | -24.7% | 0.5% |
| ACADEMY MORTGAGE CORPORATION | $589,705,000 | $271,935,000 | -53.9% | 0.5% |
| HOMESIDE FINANCIAL, LLC | $602,080,000 | $269,525,000 | -55.2% | 0.5% |
| Citibank | $256,610,000 | $269,075,000 | 4.9% | 0.5% |
| EagleBank | $728,425,000 | $263,320,000 | -63.9% | 0.5% |
| BERKELEY POINT CAPITAL LLC | $247,035,000 | $257,695,000 | 4.3% | 0.5% |
| Flagstar Bank, FSB | $395,300,000 | $243,750,000 | -38.3% | 0.4% |
| Bank-Fund Staff Federal Credit Union | $371,520,000 | $228,705,000 | -38.4% | 0.4% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $899,375,000 | $228,450,000 | -74.6% | 0.4% |
| INTERCOASTAL MORTGAGE COMPANY | $551,365,000 | $220,265,000 | -60.1% | 0.4% |
| Plains Commerce Bank | $448,070,000 | $218,845,000 | -51.2% | 0.4% |
| DHI MORTGAGE COMPANY, LTD. | $219,870,000 | $215,975,000 | -1.8% | 0.4% |
| Morgan Stanley Private Bank | $208,655,000 | $199,415,000 | -4.4% | 0.4% |
| DIRECT MORTGAGE LOANS, LLC | $398,125,000 | $198,960,000 | -50.0% | 0.4% |
| Atlantic Coast Mortgage, LLC | $415,935,000 | $194,710,000 | -53.2% | 0.3% |
| BROKER SOLUTIONS, INC. | $387,485,000 | $191,670,000 | -50.5% | 0.3% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $319,415,000 | $187,935,000 | -41.2% | 0.3% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $569,840,000 | $180,475,000 | -68.3% | 0.3% |
| BETTER MORTGAGE CORPORATION | $1,602,225,000 | $177,705,000 | -88.9% | 0.3% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $257,815,000 | $177,385,000 | -31.2% | 0.3% |
| Vellum Mortgage, Inc. | $339,405,000 | $176,910,000 | -47.9% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $269,175,000 | $173,685,000 | -35.5% | 0.3% |
| FINANCE OF AMERICA MORTGAGE LLC | $161,915,000 | $169,370,000 | 4.6% | 0.3% |
| CBRE MULTIFAMILY CAPITAL, INC. | $158,150,000 | $166,385,000 | 5.2% | 0.3% |
| APEX HOME LOANS, INC. | $826,090,000 | $166,195,000 | -79.9% | 0.3% |
| Prudential Huntoon Paige Associates, LLC | $159,610,000 | n/a | 0.3% | |
| CMG MORTGAGE, INC. | $194,840,000 | $153,990,000 | -21.0% | 0.3% |
| Sierra Pacific Mortgage Company, Inc. | $370,905,000 | $147,545,000 | -60.2% | 0.3% |
| Carrington Mortgage Services, LLC | $361,145,000 | $147,390,000 | -59.2% | 0.3% |
| SOUTHERN TRUST MORTGAGE, LLC | $536,080,000 | $145,005,000 | -73.0% | 0.3% |
| DOMINION FINANCIAL SERVICES, LLC | $87,990,000 | $144,120,000 | 63.8% | 0.3% |
| The Federal Savings Bank | $375,570,000 | $141,415,000 | -62.3% | 0.3% |
| SWBC MORTGAGE CORPORATION | $456,265,000 | $140,935,000 | -69.1% | 0.3% |
| Ameris Bank | $351,280,000 | $135,470,000 | -61.4% | 0.2% |
| USAA Federal Savings Bank | $239,345,000 | $132,450,000 | -44.7% | 0.2% |
| GUILD MORTGAGE COMPANY | $57,175,000 | $132,280,000 | 131.4% | 0.2% |
| ABERDEEN PROVING GROUND FEDERAL CREDIT UNION | $137,765,000 | $130,420,000 | -5.3% | 0.2% |
| BAY EQUITY LLC | $715,000 | $129,770,000 | 18,049.7% | 0.2% |
| FIDELITY DIRECT MORTGAGE, LLC | $302,485,000 | $129,425,000 | -57.2% | 0.2% |
| THE MORTGAGE LINK, INC. | $239,060,000 | $117,705,000 | -50.8% | 0.2% |
| FIRST FINANCIAL OF MARYLAND | $128,820,000 | $114,230,000 | -11.3% | 0.2% |
| LAKEVIEW LOAN SERVICING, LLC | $490,100,000 | $109,775,000 | -77.6% | 0.2% |
| United Bank | $163,940,000 | $108,385,000 | -33.9% | 0.2% |
| EMM LOANS LLC | $167,780,000 | $105,790,000 | -36.9% | 0.2% |
| United Nations Federal Credit Union | $119,610,000 | $100,105,000 | -16.3% | 0.2% |
| UNION HOME MORTGAGE CORP. | $201,190,000 | $98,965,000 | -50.8% | 0.2% |
| Waterstone Mortgage Corporation | $143,360,000 | $95,390,000 | -33.5% | 0.2% |
| Capital Bank | $243,080,000 | $91,760,000 | -62.3% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $30,745,000 | $87,995,000 | 186.2% | 0.2% |
| CHERRY CREEK MORTGAGE, LLC | $91,950,000 | $87,055,000 | -5.3% | 0.2% |
| First Home Bank | $156,695,000 | $86,140,000 | -45.0% | 0.2% |
| PGIM Real Estate Finance, LLC | $85,005,000 | n/a | 0.2% | |
| First National Bank of America | $65,815,000 | $84,560,000 | 28.5% | 0.2% |
| Metropolitan Life Insurance Co | $84,010,000 | n/a | 0.2% | |
| HOMEAMERICAN MORTGAGE CORPORATION | $68,960,000 | $82,305,000 | 19.4% | 0.1% |
| The Northwestern Mutual Life Insurance Company | $82,005,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $179,100,000 | $80,265,000 | -55.2% | 0.1% |
| Middletown Valley Bank | $44,960,000 | $79,260,000 | 76.3% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $212,015,000 | $78,965,000 | -62.8% | 0.1% |
| EQUITY RESOURCES, INC. | $261,225,000 | $78,510,000 | -69.9% | 0.1% |
| POINT BREEZE | $95,155,000 | $77,585,000 | -18.5% | 0.1% |
| NATIONAL INSTITUTES OF HEALTH FEDERAL CREDIT UNION | $116,715,000 | $77,160,000 | -33.9% | 0.1% |
| John Hancock Life Insurance Company (U.S.A.) | $77,120,000 | n/a | 0.1% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $137,945,000 | $77,040,000 | -44.2% | 0.1% |
| INTERLINC MORTGAGE SERVICES, LLC | $23,180,000 | $76,905,000 | 231.8% | 0.1% |
| Santander Bank, N.A. | $29,320,000 | $76,555,000 | 161.1% | 0.1% |
| 1ST FINANCIAL, INC. | $197,335,000 | $75,620,000 | -61.7% | 0.1% |
| First United Corporation | $88,885,000 | $75,140,000 | -15.5% | 0.1% |
| Nations Lending Corporation | $194,745,000 | $73,535,000 | -62.2% | 0.1% |
| Rosedale Federal Savings and Loan Association | $94,350,000 | $71,825,000 | -23.9% | 0.1% |
| ENVOY MORTGAGE, LTD | $117,245,000 | $71,800,000 | -38.8% | 0.1% |
| PULTE MORTGAGE LLC | $162,520,000 | $71,430,000 | -56.0% | 0.1% |
| JONES LANG LASALLE MULTIFAMILY, LLC | $162,840,000 | $70,250,000 | -56.9% | 0.1% |
| EDUCATIONAL SYSTEMS | $106,690,000 | $69,485,000 | -34.9% | 0.1% |
| Hometown Lenders, Inc. | $105,680,000 | $69,365,000 | -34.4% | 0.1% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $91,935,000 | $68,810,000 | -25.2% | 0.1% |
| PEOPLESBANK, A CODORUS VALLEY COMPANY | $61,330,000 | $67,680,000 | 10.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $406,770,000 | $66,140,000 | -83.7% | 0.1% |
| EVERETT FINANCIAL, INC. | $32,355,000 | $66,050,000 | 104.1% | 0.1% |
| Lakeview Community Capital, LLC | $289,615,000 | $65,445,000 | -77.4% | 0.1% |
| TJC Mortgage, Inc. | $186,400,000 | $64,625,000 | -65.3% | 0.1% |
| BAYSHORE MORTGAGE FUNDING, LLC | $131,025,000 | $64,240,000 | -51.0% | 0.1% |
| The Queenstown Bank of Maryland | $33,805,000 | $63,050,000 | 86.5% | 0.1% |
| NASA Federal Credit Union | $185,605,000 | $62,155,000 | -66.5% | 0.1% |
| City National Bank | $63,135,000 | $58,075,000 | -8.0% | 0.1% |
| Grandbridge Real Estate Capital LLC | $28,540,000 | $57,780,000 | 102.5% | 0.1% |
| MY MORTGAGE, INC. | $57,440,000 | n/a | 0.1% | |
| OCMBC, INC. | $105,085,000 | $57,265,000 | -45.5% | 0.1% |
| S&T Bank | $14,580,000 | $57,155,000 | 292.0% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $84,860,000 | $56,940,000 | -32.9% | 0.1% |
| UBS Bank USA | $83,120,000 | $56,725,000 | -31.8% | 0.1% |
| M&T Realty Capital Corporation | $349,315,000 | $55,840,000 | -84.0% | 0.1% |
| SPRING EQ, LLC | $43,145,000 | $55,250,000 | 28.1% | 0.1% |
| Orrstown Bank | $60,925,000 | $55,050,000 | -9.6% | 0.1% |
| Third Federal Savings and Loan Association of Cleveland | $61,560,000 | $53,950,000 | -12.4% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $111,400,000 | $53,375,000 | -52.1% | 0.1% |
| Ally Bank | $24,135,000 | $53,055,000 | 119.8% | 0.1% |
| Arundel Federal Savings Bank | $60,955,000 | $52,820,000 | -13.3% | 0.1% |
| RCN Capital, LLC | $35,985,000 | $51,640,000 | 43.5% | 0.1% |
| Chicago Mortgage Solutions LLC | $85,345,000 | $51,060,000 | -40.2% | 0.1% |
| The Huntington National Bank | $36,220,000 | $51,020,000 | 40.9% | 0.1% |
| Charles Schwab Bank, SSB | $158,355,000 | $50,090,000 | -68.4% | 0.1% |
| Integrity Home Mortgage Corp | $130,555,000 | $49,925,000 | -61.8% | 0.1% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $33,250,000 | $49,840,000 | 49.9% | 0.1% |
| AMWEST FUNDING CORP. | $61,200,000 | $49,475,000 | -19.2% | 0.1% |
| THRIVE MORTGAGE, LLC | $97,010,000 | $49,030,000 | -49.5% | 0.1% |
| Residential Mortgage Solutions, Inc. | $90,230,000 | $47,095,000 | -47.8% | 0.1% |
| Wyndham Capital Mortgage, Inc. | $239,535,000 | $46,770,000 | -80.5% | 0.1% |
| PLANET HOME LENDING, LLC | $141,535,000 | $46,345,000 | -67.3% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $90,465,000 | $46,170,000 | -49.0% | 0.1% |
| ACNB Bank | $68,480,000 | $44,425,000 | -35.1% | 0.1% |
| Mortgage Network, Inc. | $82,215,000 | $44,320,000 | -46.1% | 0.1% |
| 1ST PREFERENCE MORTGAGE CORP. | $144,000,000 | $43,670,000 | -69.7% | 0.1% |
| Provident State Bank, Inc. | $60,125,000 | $42,620,000 | -29.1% | 0.1% |
| North American Savings Bank, F.S.B. | $144,990,000 | $42,050,000 | -71.0% | 0.1% |
| NBKC BANK | $107,295,000 | $41,850,000 | -61.0% | 0.1% |
| Cedar Point Federal Credit Union | $50,040,000 | $41,710,000 | -16.6% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $114,815,000 | $41,580,000 | -63.8% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $302,295,000 | $41,345,000 | -86.3% | 0.1% |
| TBI MORTGAGE COMPANY | $55,650,000 | $41,220,000 | -25.9% | 0.1% |
| The Farmers Bank of Willards | $26,330,000 | $40,995,000 | 55.7% | 0.1% |
| Strong Home Mortgage, LLC | $195,030,000 | $40,120,000 | -79.4% | 0.1% |
| Blue Ridge Bank | $64,055,000 | $39,825,000 | -37.8% | 0.1% |
| Merchants Bank of Indiana | $64,270,000 | $39,800,000 | -38.1% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $94,835,000 | $38,815,000 | -59.1% | 0.1% |
| Atlantic Union Bank | $54,790,000 | $38,350,000 | -30.0% | 0.1% |
| AmeriHome Mortgage Company, LLC | $101,845,000 | $38,330,000 | -62.4% | 0.1% |
| MILLENNIUM FINANCIAL GROUP, INC. | $143,425,000 | $38,265,000 | -73.3% | 0.1% |
| Freedom of Maryland Federal Credit Union | $18,880,000 | $38,060,000 | 101.6% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $38,290,000 | $37,895,000 | -1.0% | 0.1% |
| MORTGAGE ACCESS CORP. | $95,080,000 | $37,045,000 | -61.0% | 0.1% |