Compare Today’s Mortgage Rates for Silver Spring, Maryland
Pureloan searches major banks and mortgage lenders finding the best mortgage rates in Silver Spring, Maryland 20911. Pureloan also provides a listing of the best mortgage brokers in your area and a detailed analysis of your future home loan payments. For a 30-year fixed loan, you may expect to have lifetime cash savings of $23,503 or $65 / month in Silver Spring and other areas of Montgomery county.
Our search engine explores all home mortgage options in Silver Spring, Maryland 20911, including fixed rate, adjustable rate (ARM), FHA, VA, USDA, conventional, jumbo and conforming home mortgages.
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Summary of Average Mortgage Terms in Silver Spring, Maryland 20911
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Expected Savings
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Interactive Mortgage Rate Projections for Silver Spring, MD
To forecast and predict mortgage rates in Silver Spring, MD 20911, 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 Silver Spring, Maryland 20911 from 2014 - 2021
We have compiled mortgage rate charts for home loans in Silver Spring, Maryland and around Montgomery 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 | 93.98% | 93.34% | 93.67% | 93.34% | 94.31% | 94.07% | 94.70% | 93.63% |
| avg mortgage rate | 4.87% | 4.62% | 3.86% | 3.95% | 4.44% | 4.07% | 3.87% | 4.10% |
| % 15 year fixed mortgage | 4.92% | 5.30% | 5.48% | 6.05% | 4.97% | 4.91% | 4.52% | 5.48% |
| avg mortgage rate | 4.36% | 3.95% | 3.20% | 3.11% | 3.45% | 3.24% | 3.06% | 3.19% |
| Avg credit score | 766.33 | 766.84 | 765.38 | 760.39 | 758.08 | 758.77 | 760.52 | 767.42 |
| Avg LTV (loan to value) | 75.39% | 76.40% | 78.84% | 80.17% | 79.51% | 79.99% | 81.27% | 81.07% |
| Avg DTI (debt to income) | 33.30 | 33.68 | 33.32 | 34.44 | 35.23 | 35.91 | 35.78 | 35.77 |
| % First time homebuyer | 33.03% | 30.79% | 32.58% | 39.29% | 41.05% | 41.58% | 37.49% | 38.96% |
| Avg mortgage insurance % | 3.95% | 5.15% | 8.03% | 9.83% | 9.45% | 10.35% | 11.96% | 11.82% |
Data produced from the Financial Report of the US Government
Best Mortgage Brokers Around Silver Spring, Maryland 20911
If you’re looking to buy a new home in Silver Spring, we have compiled a list of the leading mortgage brokers around Silver Spring, Maryland 20911 to help you with your search.
Name
Address
Contact
Admiral Mortgage
14833 Fireside Dr
Silver Spring MD 20911
(301) 879-8000
Clark Financial Service
10230 New Hampshire Ave
Silver Spring MD 20911
(301) 731-9100
http://clarkfinancialservices.com/
MVH Mortgage
1738 Elton Rd
Silver Spring MD 20911
(301) 445-5303
Metropolitan Mortgage Bankers
1717 Elton Rd
Silver Spring MD 20911
(301) 431-1222
isabel@settleelite.com
Beneficial Financial Corporation
10171 New Hampshire Ave
Silver Spring MD 20911
(301) 408-7570
http://beneficial.com
Address
14833 Fireside Dr
Silver Spring MD
Contact
(301) 879-8000
Address
10230 New Hampshire Ave
Silver Spring MD
Contact
(301) 731-9100
http://clarkfinancialservices.com/
Address
1738 Elton Rd
Silver Spring MD
Contact
(301) 445-5303