Compare Today’s Mortgage Rates for Marion Station, Maryland
Pureloan searches major banks and mortgage lenders all over the nation for the best home loan rates in Marion Station, Maryland 21838. 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 $18,066 or $50 / month in Marion Station and surrounding areas of Somerset 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 Marion Station, Maryland 21838.
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Summary of Average Mortgage Terms in Marion Station, Maryland 21838
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Interactive Mortgage Rate Projections for Marion Station, MD
To forecast and predict mortgage rates in Marion Station, MD 21838, 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 Marion Station, Maryland 21838 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Marion Station, Maryland and around Somerset 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 Marion Station, Maryland 21838
If you’re looking to buy a new home in Marion Station, we have compiled a list of the leading mortgage brokers around Marion Station, Maryland 21838 to help you with your search.
Name
Address
Contact
First Horizon Home Loans
5000 Coastal Hwy
Ocean City MD 21838
(410) 520-2540
Universal Mortgage & Finance
9919 Stephen Decatur Hwy
Ocean City MD 21838
(410) 213-8850
Peninsula Bank Worcester County Offices Ocean City
12910 Coastal Hwy
Ocean City MD 21838
Academy Mortgage
9748 Stephen Decatur Hwy
Ocean City MD 21838
(410) 213-9215
First Home Mortgage
6200 Coastal Hwy
Ocean City MD 21838
(443) 664-2446
eshort@gofirsthome.com
Address
5000 Coastal Hwy
Ocean City MD
Contact
(410) 520-2540
Address
9919 Stephen Decatur Hwy
Ocean City MD
Contact
(410) 213-8850
Address
12910 Coastal Hwy
Ocean City MD