Best Mortgage Lenders in Maryland 2026: Top 10 Ranked
Maryland's median home price is $440,000. Montgomery County (DC suburbs) averages $600K+. We ranked 10 MD mortgage lenders by rates, fees, jumbo options, and CDA first-time buyer programs. Rates from 6.09%. Compare in 60 seconds.
Maryland Mortgage Quick Facts (August 2026)
Top 10 Maryland Mortgage Lenders Compared
| # | Lender | Rate | Fees | Min Credit | Close Time | Best For | MD Presence |
|---|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | 6.09% | $1,200 | 620 | 21 days | Best overall — fastest close, fully digital | All 24 MD counties |
| 2 | Wells Fargo | 6.15% | $1,000 | 620 | 30 days | Best for jumbo loans up to $3M (Montgomery) | 80+ MD branches |
| 3 | Bank of America | 6.18% | $1,000 | 620 | 30 days | Relationship discount, strong MD presence | 90+ MD branches |
| 4 | Better.com | 6.12% | $0 | 620 | 23 days | Lowest cost — $0 lender fees | Online only |
| 5 | CDA Lenders (Old Line) | 6.25% | $900 | 640 | 35 days | Best for first-time buyers (CDA DPA $8.5K) | CDA-approved |
| 6 | Veterans United | 5.25% | $0 | 620 | 30 days | Best for VA loans ($0 down) | Online + MD offices |
| 7 | loanDepot | 6.20% | $1,000 | 620 | 25 days | Wide loan variety, strong refinance | 15+ MD loan officers |
| 8 | Chase Bank | 6.22% | $1,200 | 620 | 30 days | Good jumbo rates for DC metro buyers | 60+ MD branches |
| 9 | Guaranteed Rate | 6.15% | $800 | 580 | 25 days | Best for FHA (580 credit accepted) | 10+ MD loan officers |
| 10 | Old Line Bank | 6.20% | $950 | 620 | 30 days | Best local MD bank, CDA-approved | HQ in MD, 30+ branches |
Rates as of August 3, 2026. 30-year fixed. Actual rates vary by credit score, LTV, and county.
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Get My MD Lender Quotes →CDA First-Time Buyer Programs in Maryland
CDA (Community Development Administration) offers down payment assistance and below-market rates for first-time homebuyers through the Maryland Mortgage Program.
Maryland Mortgage Program (MMP)
3% down with DPA up to $8,500 as a 0% interest deferred second mortgage. Combined with competitive first mortgage rate.
- • Max purchase price: $806,500 (most areas)
- • Income limit: $81,000-$166,000 (varies by county)
- • Must be first-time buyer (or not owned in 3 years)
- • 640+ credit score required
Partner Match + Settlement Grant
Employers match DPA dollar-for-dollar up to $7,500. Settlement Expense Grant up to 5% of loan for closing costs.
- • Partner Match: employer + state combined DPA
- • Settlement Grant: up to 5% of loan amount
- • 640+ credit score
- • Available statewide
Maryland Jumbo Loans (Above $1.2M in Montgomery/Howard)
Montgomery County (DC suburbs) and Howard County have median home prices exceeding $600K. Many homes exceed the $1.2M conforming limit.
| Lender | Max Jumbo | Rate | Min Down | Min Credit |
|---|---|---|---|---|
| Wells Fargo | $3,000,000 | 6.40% | 15% | 680 |
| Bank of America | $2,500,000 | 6.45% | 20% | 700 |
| Chase Bank | $2,000,000 | 6.50% | 20% | 700 |
| Rocket Mortgage | $2,000,000 | 6.55% | 15% | 680 |
Maryland Conforming Loan Limits by County (2026)
| County | Conforming Limit | FHA Limit | VA Limit |
|---|---|---|---|
| Montgomery | $1,209,750 | $1,149,825 | $1,209,750 |
| Howard | $1,209,750 | $1,149,825 | $1,209,750 |
| Frederick | $1,209,750 | $1,149,825 | $1,209,750 |
| Baltimore City | $806,500 | $806,500 | $806,500 |
| Prince George's | $806,500 | $806,500 | $806,500 |
| Anne Arundel | $806,500 | $806,500 | $806,500 |
Limits as of 2026. Source: FHFA, HUD, VA. DC metro counties exceed standard limit.
Frequently Asked Questions
What are the best mortgage lenders in Maryland?
Rocket Mortgage (6.09%, best overall), Wells Fargo (best jumbo to $3M for Montgomery), Bank of America (90+ MD branches), CDA lenders (first-time buyer DPA up to $8.5K), Veterans United (VA $0 down), Old Line Bank (best local MD bank).
What is the Maryland conforming loan limit in 2026?
Standard: $806,500. DC metro (Montgomery, Howard, Frederick): $1,209,750. FHA: up to $1,149,825. VA: $1,209,750 (full entitlement). Above = jumbo loan.
Does Maryland have first-time home buyer programs?
Yes — CDA offers Maryland Mortgage Program (DPA up to $8.5K at 0% interest), Partner Match (employer match up to $7,500), and Settlement Expense Grant (up to 5% of loan for closing costs). Income limits $81K-$166K.
How much down payment do I need to buy a house in Maryland?
Conventional: 3% down. FHA: 3.5% down. VA: 0% down. CDA: 3% + DPA up to $8.5K. On $440K median MD home: 20% = $88,000, 3.5% FHA = $15,400, CDA = potentially $0 out of pocket.
Are jumbo loans common in Maryland?
Yes — Montgomery County (DC suburbs) and Howard County median prices exceed $600K. Best jumbo lenders: Wells Fargo ($3M), BofA ($2.5M), Chase ($2M), Rocket ($2M). Need 680+ credit, 15-20% down.
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