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.
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Summary of Average Mortgage Terms in Cumberland, Maryland 21504
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Cumberland, MD
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.
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