Maryland Mortgage Lenders and Rates (MD)

We all know that finding the right mortgage and rate can save you thousands. was created with that goal in mind.  If you are looking for lenders, Mortgage Rates, or Mortgage Brokers – we got it.  Plus when you fill out a mortgage quote form from, we will get you offers from 2-4 different lenders, meaning lenders are going to compete for your loan – and that will save you money.

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Featured Mortgage Lenders in Maryland

Maryland Mortgage Quick Facts

Maryland State Population: 5,296,486*
Median Maryland Home Price: $146,000* 
Total Maryland Housing Units: 
Maryland Home Ownership Rate
: 67.7%*

Types of Mortgage Loans Available in Maryland

How Your Credit Score Affects Your Mortgage Rate

Initially, you’ll need to know what your current credit score is. You should compare that against the average Massachusetts consumer credit score which is 686. And the national average credit score is 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate and then increase it by using an internal formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, your credit score being one of the most important.

Maryland Mortgage State Laws:

Only in Maryland

The mortgage laws are governed by the Maryland Statutes.

The lender may not employ the settlement attorney or title agent.

Section12-120(c) of commercial law requires the borrower to pay the lender’s attorney fee


Any of the following three methods may be used.

  • Judicial foreclosure
  • Assent to Decree Foreclosure
  • Non-Judicial foreclosure


The legal interest rate is 6%, and is the interest that does not have a specific term.

The general usury limit is 24%, and is charged between corporations.

Judgment interest rate is 10%, and is upheld by final judgment.

A Few Helpful Government Agencies

The Department of Veteran Affairs gives long-term mortgages with minimum to no down payment to veterans.

The Equal Credit Opportunity Act protects borrowers from discrimination based on color, sex, religion, etc.

Maryland Mortgage Fraud Office
White Collar Crime Supervisor
2600 Lord Baltimore
Baltimore, MD 21244
Phone: (410) 265-8080

Maryland Counties:

Allegany County, Anne Arundel County, Baltimore County, Calvert County, Caroline County, Carroll County, Cecil County, Charles County, Dorchester County, Frederick County, Garrett County, Harford County, Howard County, Kent County, Montgomery County, Prince George’s County, Queen Anne’s County, St. Mary’s County, Somerset County, Talbot County, Washington County, Wicomico County, Worcester County, Baltimore City

-US Census

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.

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