Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Verisign

Maryland Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $256,009 $157,500 $215,000 $325,000
Property Values $384,011 $215,000 $325,000 $450,000
Average LTV 73.3%
Percent Refinance 86.6%
Pct of Refis Cashout 9.4%

Maryland Mortgage Rates

The steps to securing the best rate mortgage or refinance in Maryland are as follows: determine your objective, review mortgage interest rates and available programs, understand the tax implications of mortgage loans, locate and contact qualified lenders, and submit loan applications and evaluate your offers. If you're incredibly organized and financially savvy, you can do this on your own. Or, you can save time and frustration by using the resources available to you on Mortgageloan.com. Mortgageloan.com has a Maryland broker directory, mortgage tips, mortgage calculators, and mortgage articles-everything you need to ensure that your search for the lowest rate mortgage is successful.

Amerisave

4.070%APR

Rates as of: 8/29/2014 30 Yr. Fixed
  • Direct Mortgage Lender
  • Billions Funded
  • Apply Online. Quick approvals.
Show Phone number

Call Now: 866-814-2162

Rate APR Term Point Payment
  • 3.875%
  • 4.125%
  • 4.250%
  • 4.070%
  • 4.241%
  • 4.283%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.000%
  • 0.000%
  • $964
  • $994
  • $1,008

Quicken Loans

3.928%APR

Rates as of: 8/29/2014 30 Yr. Fixed
  • We close our loans FAST - many in 30 days or less!
  • Rates are still historically low! Lock in a low rate and payment today.
  • Why pay more for your home than you have to? Check out rates now.
Show Phone number

Call Now: 800-695-1899

Rate APR Term Point Payment
  • 4.125%
  • 3.750%
  • 4.250%
  • 3.990%
  • 4.375%
  • 4.375%
  • 4.328%
  • 3.928%
  • 4.381%
  • 4.158%
  • 4.457%
  • 4.455%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 1.625%
  • 1.375%
  • 0.750%
  • 0.000%
  • 0.000%
  • 0.000%
  • $994
  • $949
  • $1,008
  • $978
  • $1,024
  • $1,024

LoanDepot, LLC

3.908%APR

Rates as of: 8/29/2014 30 Yr. Fixed
  • DIRECT LENDER. We can approve and fund loans in less than 30 days.
  • Get a free and no obligation rate quote in Maryland.
  • These rates won't last. Call now and lock-in your low rate!
Show Phone number

Call Now: 877-789-3376

Rate APR Term Point Payment
  • 4.000%
  • 3.875%
  • 3.750%
  • 4.037%
  • 3.953%
  • 3.908%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • -0.500%
  • 0.000%
  • 1.000%
  • $979
  • $964
  • $949

Discover

4.078%APR

Rates as of: 8/29/2014 30 Yr. Fixed
  • Competitive rates and no hidden fees
  • One dedicated mortgage banker from first call to closing
  • Simple, straightforward process
Show Phone number

Call Now: 855-882-9568

Rate APR Term Point Payment
  • 3.875%
  • 4.000%
  • 3.990%
  • 4.125%
  • 4.250%
  • 4.375%
  • 4.078%
  • 4.164%
  • 4.123%
  • 4.176%
  • 4.238%
  • 4.331%
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 30 Yr. Fixed
  • 2.000%
  • 1.500%
  • 1.125%
  • 0.125%
  • -0.625%
  • -1.000%
  • $964
  • $979
  • $978
  • $994
  • $1,008
  • $1,024
See more rates

The advertised rates were submitted by each individual lender/broker on the date indicated. Rate/APR terms offered by advertisers may differ from those listed above based on the creditworthiness of the borrower and other differences between an individual loan and the loan criteria used for the quotes. More Info.. These quotes are from banks, thrifts and brokers who have paid for a link to their website in the listings above and you can find additional information about their loan programs on their websites.

Rate Map for Maryland

This Rate Map for the state of Maryland shows the rates that individual borrowers were able to obtain on refinanced and home purchase mortgages. Each balloon represents a single mortgage – click on them to see what kind of rates borrowers are getting in your area.

Use the options in the column at left to sort your choices by location and credit score. Individual balloons also feature information on loan size, loan-to-value ratio, loan type, lender and more.

If you recently obtained or refinanced a mortgage and would like to anonymously share information about the terms you were able to get, just click on “Share Your Rate” above the map. Your fellow borrowers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Fixed-Rate Mortgages

The fixed-rate mortgage (FRM) is the most traditional of mortgage loans. FRMs are structured with an interest rate that won't change, no matter what happens to market rates. An FRM is also fully amortizing, meaning that when you make payments as scheduled, the debt will be paid off at loan maturity. Therefore, you won't be surprised by any large balloon payment that needs to be refinanced. The most common loan maturity for an FRM is 30 years, but some mortgage lenders offer 10-, 15-, 20- and even 50-year terms. A shorter term usually gets you a lower interest rate, but your monthly payment will be higher.

Tax Savings

The IRS offers you some significant tax advantages when you own your home. There are three tax-deductible items associated with home ownership and mortgage debt: the interest paid, the property taxes, and points paid. You generally get the highest deductions in the earliest years of the mortgage, because most of your payment goes toward interest rather than principal. Loan points for a purchase mortgage can be deducted in the year that they're paid. For a refinance, however, the points are deducted over the life of the mortgage. To estimate your tax savings, see Mortgageloan.com's Mortgage Tax Savings Calculator.

Comparing Mortgages

When searching for the best mortgage and lowest interest rate, keep the following in mind:

  • Contact several lenders. Shopping around is the best way to protect your interests and save money. See our Maryland broker directory for lender contact information.
  • Compare individual mortgage offers by similar types first. Evaluate fixed-rate offers with other fixed-rate offers. Then, separately review adjustable-rate mortgage (ARM) deals. Your last step is to take the best one in each category and use Mortgageloan.com's mortgage calculators to compare them.
  • All else being equal, a lower payment means that you're paying less in principal. You might choose a loan that's more expensive over the life of the loan in order to get the lowest payment. This is fine, as long as you understand the trade-off. Faster payoff has two advantages: One, you'll build home equity more quickly; and two, you'll pay less in total interest.Maryland offers more than the beauty of the Chesapeake Bay and Allegheny Mountains. "The Free State" can also provide a low rate mortgage that moves you closer to attaining your financial goals.

Additional Local Rates Pages

See Baltimore Mortgage Rates.