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Compare mortgage rates in Maryland on 06/18/2013
( Select up to 3 offers )
1-11 of 11 sponsered results
 
Lender
Rate
APR
Payment
Points & Fees
Contact details

Amerisave

Lender Info NMLS ID: 1168
4.000% 4.229% $859
$3,600 Points
$3,600 Lender Fees
lender and loan info
(888) 855-0857 (Toll Free Number)
Next

Quicken Loans NMLS #3030

Lender Info NMLS ID: 3030
4.125% 4.400% $872
$2,599 Points
$2,599 Lender Fees
lender and loan info
(888) 619-1768 (Toll Free Number)
Next

AimLoan.com NMLS#2890

Lender Info NMLS ID: 2890
3.625% 3.855% $820
$3,924 Points
$3,924 Lender Fees
lender and loan info
 
Next

Quicken Loans NMLS #3030

Lender Info NMLS ID: 3030
4.125% 4.400% $872
$2,599 Points
$2,599 Lender Fees
lender and loan info
(888) 619-1768 (Toll Free Number)
Next

Amerisave

Lender Info NMLS ID: 1168
4.000% 4.229% $859
$3,600 Points
$3,600 Lender Fees
lender and loan info
(888) 855-0857 (Toll Free Number)
Next

Keystone Funding

Lender Info NMLS ID: 144760
3.625% 3.955% $820
$6,185 Points
$6,185 Lender Fees
lender and loan info
 
Next

CertusBank

Lender Info NMLS ID: 415697
3.625% 3.818% $820
$2,917 Points
$2,917 Lender Fees
lender and loan info
 
Next

Discover Home Loans

Lender Info NMLS ID: 837915
4.125% 4.320% $872
$3,075 Points
$3,075 Lender Fees
lender and loan info
 
Next

AimLoan.com NMLS#2890

Lender Info NMLS ID: 2890
3.625% 3.855% $820
$3,924 Points
$3,924 Lender Fees
lender and loan info
 
Next

Actual rates and other information may vary. Sponsored results shown only include participating lenders. The information you enter on this page will only be shared with lenders you choose to contact, either by calling the phone number or requesting a quote.

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. 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.

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Marylanders Benefiting from State-Funded 2.875 Mortgage Interest Rate

6/7/12 - There’s something interesting happening right now in the state of Maryland that could predict an evolving trend in home ownership. Taking the proverbial bull by the horns in their efforts to deliver an energizing jolt to the state’s slumping housing market, lawmakers in Maryland have saved up $30 million and are poised to use that money to drive mortgage rates down to an incredibly attractive 2.875 percent for certain cities and counties of the state.
It’s all part of a state sponsored initiative appropriately (but not exactly creatively) named the Maryland Mortgage Program. But what’s really in a name, especially when it has to do with enabling citizens to save cold hard cash and simultaneously revitalizing the housing market where it’s needed most? In celebration of the nationally recognized as “Home Ownership Month,” Maryland plans to offer the astonishingly low mortgage rate to buyers starting in June and continuing for the next three months, or until the allocated funds are depleted – whichever comes first.
House hunters are no strangers to government funded programs that deliver this kind of needed assistance, but where the Maryland Mortgage Program stands out among all others is the fact that the low rates won’t just be made available to first time buyers, but to anyone – with a few important caveats.
First of all, the program is only available in certain targeted areas, those that the state found were in most need of a shot in the arm. The impacted areas include Allegany, Baltimore City, Caroline, Dorchester, Garrett, Kent, and Somerset. Additionally, there are portions of certain counties being included in the program: Anne Arundel, Baltimore, Frederick, Harford, Prince George’s, Washington, Wicomico, and Worcester counties.
The program is also offering incentive to buyers shopping the foreclosure market, establishing a fixed 3.25 percent mortgage interest rate to anyone who purchases a short sale or foreclosed home outside of the aforementioned targeted zones.
Another stipulation to qualifying for the state sponsored interest rate is that the buyer or refinancer has to maintain full time residence in the home. In other words, those taking advantage of the program won’t be allowed to rent out their home further down the road if they decide to move elsewhere and aren’t able to sell their homes. In addition to this, qualification for the low mortgage interest rate is reliant on attending a counseling program aimed at educating buyers on a variety of issues pertaining to home ownership, which the vast majority of experts agree can be effective at steering buyers away from getting into homes they can’t afford. This pragmatic approach to home ownership is seen as a positive step toward avoiding circumstances where homeowners will be faced with foreclosure, having bitten off more than they can chew.
Of course, the majority of people reading this are likely to ask the question: What does this mean for those of us who aren’t lucky enough to be Marylanders existing in the areas impacted by the initiative? The good news is, mortgage interest rates are still the lowest they’ve been in ages, regardless of where you hang your hat and call home. In order to take advantage of those rates while they’re still at record lows, prospective home buyers and those interested in refinancing to lower interest are urged to track national rates on a weekly basis. Failing to do so could leave many wishing they’d taken action sooner.


Best Fixed Rates and No Closing Costs Loan

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

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The information contained on this website is provided as a supplemental educational resource. Readers having legal or tax questions are urged to obtain advice from their professional legal or tax advisors. While the aforementioned information has been collected from a variety of sources deemed reliable, it is not guaranteed and should be independently verified.