Maryland Mortgage Rates
Discounted Maryland Home Loan Financing

Maryland Mortgage RatesOur Maryland mortgage lenders have united for low rate home loan financing and mortgage refinancing for local lending in DC, Maryland and Virginia. Maryland consumers are offered premium mortgage rates for home loan financing with low rate refinance offers for first, second mortgages with fixed FHA or conventional loans. Nationwide offers special loan incentives for Maryland homeowners looking for assistance with home financing. Our Maryland lenders offer fixed rate second mortgages, interest only home equity lines of credit, cash out first mortgage refinancing, purchase, VA and FHA mortgage loans. Many first time homebuyers in the D.C. area may qualify for 97% FHA home purchase loans and 100% home financing available with the My Community loans sponsored by Fannie Mae. Maryland and Virginia borrowers continue to speak highly of FHA mortgage loans because these government loans help bad credit borrowers get approved for low fixed rate refinancing.

Maryland home mortgage requirements have changed in the last few years, so discuss your credentials with a loan officer as soon as possible. We provide free quotes for Maryland mortgage refinance and house financing.

Compare Maryland Mortgage Rates for Purchase or Refinance

Local Tips From The Underwriting Mortgage Pros: When calculating your Social Security or Disability income for your loan application, most underwriters will gross up your income 15% of what you currently receive presently to compensate for inflation increases. -   B. Flanigan, Maryland Mortgage Lender at US Bank

Refinance your variable rate home loan and get a $350,000 Maryland Mortgage with payments starting at $1,275 a month.

Maryland Mortgage Refinancing Limits Rise for FHA

HUD raised the maximum loan limits for Maryland home refinancing in 2008 and kept the Maryland FHA limits the same in 2009 and 2010. See the Maryland FHA loan limits below by county.

County Name

State

One-Family

Two-Family

Three-Family

Four-Family

ALLEGANY

MD

$271,050

$347,000

$419,400

$521,250

ANNE ARUNDEL

MD

$560,000

$716,900

$866,550

$1,076,950

BALTIMORE

MD

$560,000

$716,900

$866,550

$1,076,950

CALVERT

MD

$729,750

$934,200

$1,129,250

$1,403,400

CAROLINE

MD

$271,050

$347,000

$419,400

$521,250

CARROLL

MD

$560,000

$716,900

$866,550

$1,076,950

CECIL

MD

$420,000

$537,650

$649,900

$807,700

CHARLES

MD

$729,750

$934,200

$1,129,250

$1,403,400

DORCHESTER

MD

$271,050

$347,000

$419,400

$521,250

FREDERICK

MD

$729,750

$934,200

$1,129,250

$1,403,400

GARRETT

MD

$437,500

$560,050

$677,000

$841,350

HARFORD

MD

$560,000

$716,900

$866,550

$1,076,950

HOWARD

MD

$560,000

$716,900

$866,550

$1,076,950

KENT

MD

$343,750

$440,050

$531,900

$661,050

MONTGOMERY

MD

$729,750

$934,200

$1,129,250

$1,403,400

PRINCE GEORGE'S

MD

$729,750

$934,200

$1,129,250

$1,403,400

QUEEN ANNE'S

MD

$560,000

$716,900

$866,550

$1,076,950

ST. MARY'S

MD

$400,000

$512,050

$618,950

$769,250

SOMERSET

MD

$328,750

$420,850

$508,700

$632,200

TALBOT

MD

$443,750

$568,050

$686,650

$853,350

WASHINGTON

MD

$377,500

$483,250

$584,150

$725,950

WICOMICO

MD

$328,750

$420,850

$508,700

$632,200

WORCESTER

MD

$437,500

$560,050

$677,000

$841,350

BALTIMORE CITY

MD

$560,000

$716,900

$866,550

$1,076,950


Maryland Home Equity Loan Volumes Declined as
Loan Guidelines Tightened

Maryland and DC show consistent refinance activities in many communities. Some of the regions indicate dipping home values, while some of the more popular regions still show glimpses of growth and real estate appreciation.

Many Maryland mortgage lenders have reported that some regions surprise real estate skeptics. Stable home values continue to appear in many communities across the DC area.

Fixed Rate Refinance and Purchase

125% Debt Consolidation Loans

100% Maryland VA Loans for Vets

Refinance 1st and 2nd Mortgages Together for one low rate payment

Tax Deductible 1st and 2nd Home Mortgages

NO PMI & No Mortgage Insurance
DC First Time Homeowners OK

No Equity Needed with 100% Mortgage Loans
Get a $75,000 Home Equity Loan for $499 a month
Attention Maryland Homeowners:
For a limited time, Atlantic State homeowners
Get a Free Home Valuation
with every Loan Approval from
Nationwide Mortgage Loans

* Offer available for residents living in Maryland who apply online for a second mortgage, home equity loan or line of credit. There is no obligation to get a loan, but submitting a loan request form is required for free home valuation offer.

Learn more about Maryland Second Mortgages

Attention People with Fair or Poor Credit - Get Approved for a $175,000 Mortgage for Less than $495 a month

Get a new home equity loan or refinance your existing mortgage while the interest rates are still at record lows. Our home mortgages were created so people with less than perfect credit, can pay off debts, make home improvements, & in some cases get extra cash.

We have seen a significant surge in applications since Maryland mortgage rates dropping below 3.5% on 30-year home loans.

  • Home Mortgage Loans for All Types of Credit
  • Past Bankruptcy Allowed
  • Late Mortgage Payments OK
  • Late Credit Card Payments OK
  • Past Due Collections Ok
  • Loan Terms from 15 to 40-Years

 

Additional Resources for Maryland Residents

COMMUNITY ASSISTANCE NETWORK
7701 Dunmanway, Baltimore, MD 21222
Mortgage Related Services: Home Equity Conversion , Relocation Counseling Renters Assistance
For more information, Please visit : canconnects.org

SOUTHEAST COMMUNITY DEVELOPMENT CORPORATION
3700 Eastern Avenue, Baltimore, MD 21224
Mortgage Related Services: Mortgage Counseling, Home Improvement & Rehabilitation Counseling
Pre-purchase Counseling & Homebuyer Education Programs
For more information, please visit Website: southeastcdc.org

Maryland Mortgage Lending Update

The following Mortgage Lenders announced on Tuesday, March 7, that they are no longer doing business in Montgomery County, Maryland. Judge Suspends Montgomery Law On Penalties for Predatory Lending.

1st Mariner Mortgage
Accredited Home Lenders
Aegis Funding (no more Alt-A)
Argent Mortgage
Aurora Loan
Bear Stearns
Bear/EMC
BNC
Cardinal Financial
Coastal Capital Corp.
Credit Suisse
Crescent Mortgage
Decision One
Edelman Financial Services
Emigrant Mortgage
EquiFirst

First Franklin
First Horizon (sub prime only)
First Magnus
First NLC
Franklin American Mortgage Co
GN Mortgage
Greenpoint Mortgage
Harbourton Mortgage Investment
Molton Allen & Williams
Morgan Stanley
Mortgage IT
National City Home Equity
National City Mortgage
National City Wholesale
Nations One

National Wholesale Funding
New Century
Nomura
Novastar Mortgage
Option One
RMC Funding
SouthStar Funding
Tri-Star Lending
UBS Investment Bank
US Bank Home Mortgage
VirtualBank
Washington Mutual
Webster Bank
Wilmington Finance
Winstar Mortgage Partners

Notation: In some instances only specific home equity & mortgage programs are affected.
Source: Maryland Association of Mortgage Brokers for more information, please visit mamb.org

Lock a Low, Fixed Rate Mortgage Loan for 30 Years, Get Cash & Refinance Debt!

Maryland State Loan Updates

Get a credit line or second mortgage and maximize the value of your home today. Check the >> Local Home Equity Rates for Maryland Consumers

With home sales dipping slightly across the East Coast. It may be your last chance to refinance your adjustable rate mortgage or take out a fixed second mortgage at a competitive home equity rates. Baltimore Home Mortgage Rates Drop
Are your Home Equity Credit Line Interest Rates Rising? Lock into simple interest second mortgage recommended for debt consolidation. >> Fixed Rate Second Mortgages for Maryland Homeowners

Maryland home loans

Lending Tips from MMBA

The Maryland Mortgage Bankers Ass. suggests MMBA that you make sure that when looking for a lender that you look for a "loan professional committed to ethical conduct and good business practices. Your loan professional can often simplify the complex process of obtaining a mortgage." especially if you contact your MMBA lender first. For more information, please visit mdmba.org

MD State Facts: Maryland Homeownership rate 67.6%

For more information please visit commerce.gov/states/maryland.html

Maryland Loan and Foreclosure News
Foreclosures have been rising in Maryland, Virginia and Washington DC. The costs of predatory lending for American consumers total $9 billion a year.

According to the Mortgage Bankers Association, the percentage of home mortgages in foreclosure rose to a record of 404,400 out of 33.7 million mortgaged homes. This is the highest rate in the 30 years that the association has been monitoring first and second mortgages.

Take advantage of our reduced cost mortgage options. For more details, and get a free quote with no obligation from a Nationwide Account Executive.

 

Resource Tools

Loan Comparison Calculator
This calculator will help you to compare the total mortgage interest charges of 4 types of loans.


Free Finance Guides & Helpful Consumer Reports
Equity Credit Line Fed Tips
Consumer Guide - Rate Locks
ARM Rate Mortgage- Guide


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Maryland Mortgage News, Rates & Articles

Mortgage Refinance News

Streamline Refinance --- Best Kept Mortgage Secret

FHA Mortgage Loan Programs Expand

Tips for the Best Mortgage Refinancing Experience

No Income Mortgage Refinance

 

More Related Maryland Mortgage Pages:
Maryland Mortgage Refinance | Maryland Home Equity Rates | Maryland Second Mortgage | Maryland Home Equity Loans | Refinancing to Avoid a Foreclosure | Texas Home Equity Loans
Additional Helpful Mortgage Loan Pages:
Loan Specials | Adjustable Rate Refinance | Home Equity Refinance | Bad Credit Refinance | State Guide Second Mortgages | Home Loan for Bad Credit | Mortgage Refinancing | 2nd Mortgage Rates | FHA Mortgage | Low Credit Score Home Loans | Bad Credit FHA Mortgage | Why The FHA Home Loan Programs Are Safe | How Rising Home Mortgage Rates Could Affect The Housing Market | Will New FHA Mortgage Requirements Hinder Home Buying In 2014 | How Increased Mortgage Delinquencies Could Mean Higher Home Loan Rates | Mortgage Refinance Loans for Self Employed | How A Military Veteran Can Buy A Home With No Down Payment | FHA Rules For Gift Funds And Down Payments | How FHA Mortgages May Burden US Tax Payers | How FHA Financing Could Slow Housing Recovery | How to Know When to Refinance or Pre Pay Your Mortgage | Application for FHA Loan | Get Pre-Qualified for a FHA Mortgage | Down Payment Requirements on a FHA Loan | Pre-Approval Letter for a Home Loan with FHA | FHA Loan Qualification | CALHFA Down Payment Assistance for First Time Home Buyers in California | Mortgage Loans for First Time Home Buyers
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