Available in 15, 20 or 30 year terms, fixed-rate mortgages maintain the same interest rate throughout the entire life of the loan. The 30-year fixed-rate mortgage has a lower payment than other mortgage options, maximizes the potential for interest tax deductions, and never varies from month to month. Borrowers pay down the actual loan (principal) and interest, building equity over time. The 30-year fixed-rate mortgage is ideal for the homebuyer who wishes to budget for the same house payment every month, along with homeowners who plan to live in the home for 10 years or more.
Largest Cities in Maryland:
Annapolis
Arnold
Aspen Hill
Baltimore
Bel Air North
Bel Air South
Bethesda
Bowie
Carney
Catonsville
Chillum
Clinton
Columbia
Crofton
Dundalk
Eldersburg
Elkridge
Ellicott City
Essex
Frederick
Gaithersburg
Germantown
Glen Burnie
Greater Upper Marlboro
Hagerstown
Milford Mill
Montgomery Village
North Bethesda
North Potomac
Odenton
Olney
Owings Mills
Oxon Hill-Glassmanor
Parkville
Perry Hall
Pikesville
Potomac
Randallstown
Rockville
Saint Charles
Salisbury
Severn
Severna Park
Silver Spring
South Gate
Suitland-Silver Hill
Towson
Waldorf
Wheaton-Glenmont
Woodlawn
Disclaimer
Fixed Rate Mortgage/Adjustable Rate Mortgage Conforming
Rates and fees are quoted on a $200,000 loan for a purchase transaction
of an owner occupied, single-family residence with an 80% loan-to-value ratio.
Rates are subject to change without notice.
Fixed Rate Mortgage/Adjustable Rate Mortgage Jumbo
Rates and fees are quoted on a $450,000 loan for a purchase transaction
of an owner occupied, single-family residence with an 80% loan-to-value ratio.
Rates are subject to change without notice.
“Are you searching for a loan amount of more than $417,000?
Please be aware that recent legislation allows lenders to offer conforming loan rates at a higher loan amount limit based on the county the property is located. For details about the new conforming loan limits, click here.