Compare Today’s Mortgage Rates for Cumberland, Maryland

Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Cumberland, Maryland 21504. Pureloan also provides a report on popular mortgage brokers in your area and a detailed analysis of your home loan payments. For a 30-year fixed loan, expected lifetime cash savings are $13,351 or $37 / month in Cumberland and surrounding areas of Allegany county.

Our search engine explores all possible home mortgage options including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages for Cumberland, Maryland 21504.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

39.66 -78.745

Summary of Average Mortgage Terms in Cumberland, Maryland 21504

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Interactive Mortgage Rate Projections for Cumberland, MD

Source: Fannie Mae and Freddie Mac


To forecast and predict mortgage rates in Cumberland, MD 21504, Pureloan has created an interactive chart to track the 5 largest nationwide lenders. Historical rates are based on closed mortgage financings, and projections are based on proprietary modeling.

Local Mortgage Rates for Cumberland, MD

Historical Mortgage Rates for Cumberland, Maryland 21504 from 2014 - 2021

We have compiled mortgage rate charts for home loans in Cumberland, Maryland and around Allegany county to help you understand trends for your home purchase process. This data is produced from actual closed loans.

2014 2015 2016 2017 2018 2019 2020 2021
% 30 year fixed mortgage 92.45% 91.31% 91.42% 91.52% 92.13% 91.23% 93.13% 92.07%
avg mortgage rate 4.97% 4.68% 3.90% 3.96% 4.44% 4.12% 3.92% 4.10%
% 15 year fixed mortgage 5.87% 6.42% 6.80% 7.32% 6.65% 7.56% 5.51% 6.60%
avg mortgage rate 4.28% 3.93% 3.16% 3.11% 3.42% 3.20% 3.13% 3.26%
Avg credit score 762.41 763.47 762.30 760.29 757.19 757.03 756.40 756.75
Avg LTV (loan to value) 74.14% 75.94% 77.55% 77.96% 78.61% 79.49% 79.23% 78.50%
Avg DTI (debt to income) 33.94 33.36 32.46 33.31 34.09 34.62 34.63 35.69
% First time homebuyer 46.16% 44.36% 44.01% 48.60% 48.27% 51.41% 47.46% 45.87%
Avg mortgage insurance % 3.28% 5.30% 7.07% 8.03% 9.11% 10.25% 9.73% 9.43%

Data produced from the Financial Report of the US Government

Best Mortgage Brokers Around Cumberland, Maryland 21504

If you’re looking to buy a new home in Cumberland, we have compiled a list of the leading mortgage brokers around Cumberland, Maryland 21504 to help you with your search.

Name
Address
Contact

Springleaf Financial Services

959 National Hwy

Cumberland MD 21504

(301) 729-9240

http://www.springleaf.com/

M&T Mortgage

118 Baltimore St

Cumberland MD 21504

(301) 874-3139

http://www.mandtbank.com

PCFS

11909 Homewood St NW

Cumberland MD 21504

(301) 876-4417

info@pcfscorp.com

Lincoln Mortgage

14602B McMullen Hwy SW

Cumberland MD 21504

(301) 729-6662

http://www.alcovamortgageteam.com/default.aspx

Brinsfield Mortgage Group

101 S Centre St

Cumberland MD 21504

(301) 724-5666

http://brinsfield.com

Address

959 National Hwy

Cumberland MD

Contact

(301) 729-9240

http://www.springleaf.com/

Address

118 Baltimore St

Cumberland MD

Contact

(301) 874-3139

http://www.mandtbank.com

Address

11909 Homewood St NW

Cumberland MD

Contact

(301) 876-4417

info@pcfscorp.com

News on Mortgages and Reverse Mortgages for Cumberland, Maryland 21504