Compare Today’s Mortgage Rates in Solomons, Maryland 20688
Pureloan is dedicated to helping you secure the best mortgage rates by conducting extensive searches among mortgage lenders and major banks in Solomons, Maryland 20688.
Our search engine thoroughly explores all home mortgage options in Solomons, Maryland 20688, including fixed-rate, adjustable-rate (ARM), FHA, VA, USDA, conventional, jumbo, and conforming home mortgages. Based on our calculations, we estimate that for a 30-year fixed loan, you can expect to save $28,860 in lifetime cash or $80 per month in Solomons and other areas of Calvert county.
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Summary of Average Mortgages in Solomons, Maryland 20688
Rate
APR
Expected Savings
Monthly Payment
Total Closing Costs
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Interactive Mortgage Rate Projections for Solomons, Maryland 20688
Pureloan has developed an interactive chart to help you forecast and predict mortgage rates in Solomons, MD 20688. This chart tracks the rates of the five largest nationwide lenders based on historical data from closed mortgage financings and projections using our proprietary modeling.
Historical Mortgage Rates in Solomons, Maryland 20688 from 2024 - 2016
We have compiled mortgage rates charts for home loans in Solomons, Maryland and around Calvert county to provide insight into trends that may be helpful during your home buying process. This data is derived from actual closed loans.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| % 30 year fixed mortgage | 93.63% | 94.70% | 94.07% | 94.31% | 93.34% | 93.67% | 93.34% | 93.98% | |
| avg mortgage rate | 4.10% | 3.87% | 4.07% | 4.44% | 3.95% | 3.86% | 4.62% | 4.87% | |
| % 15 year fixed mortgage | 5.48% | 4.52% | 4.91% | 4.97% | 6.05% | 5.48% | 5.30% | 4.92% | |
| avg mortgage rate | 3.19% | 3.06% | 3.24% | 3.45% | 3.11% | 3.20% | 3.95% | 4.36% | |
| Avg credit score | 767.42 | 760.52 | 758.77 | 758.08 | 760.39 | 765.38 | 766.84 | 766.33 | |
| Avg LTV (loan to value) | 81.07% | 81.27% | 79.99% | 79.51% | 80.17% | 78.84% | 76.40% | 75.39% | |
| Avg DTI (debt to income) | 35.77 | 35.78 | 35.91 | 35.23 | 34.44 | 33.32 | 33.68 | 33.30 | |
| % First time homebuyer | 38.96% | 37.49% | 41.58% | 41.05% | 39.29% | 32.58% | 30.79% | 33.03% | |
| Avg mortgage insurance % | 11.82% | 11.96% | 10.35% | 9.45% | 9.83% | 8.03% | 5.15% | 3.95% |
Best Mortgage Brokers around Solomons, Maryland 20688
For those searching for a new home in Solomons, we have compiled a list of the top mortgage brokers located in and around Solomons, Maryland 20688 to assist you with your search.
Name
Address
Contact
First Choice Mortgage
13966 Solomons Island Rd S
Solomons MD 20688
(410) 326-5014
Wells Fargo Home Mortgage
10665 Stanhaven Pl
White Plains MD 20688
(301) 843-2480
http://www.wellsfargo.com/mortgage/
Prospect Mortgage
10665 Stanhaven Pl
White Plains MD 20688
(301) 638-9041
Southern Trust Mortgage
10665 Stanhaven Pl
White Plains MD 20688
(301) 374-2023
info@southerntrust.org.nz
Franklin American Mortgage Company
4475 Regency Pl
White Plains MD 20688
(301) 705-7630
Address
13966 Solomons Island Rd S
Solomons MD
Contact
(410) 326-5014
Address
10665 Stanhaven Pl
White Plains MD
Contact
(301) 843-2480
http://www.wellsfargo.com/mortgage/
Address
10665 Stanhaven Pl
White Plains MD
Contact
(301) 638-9041