Mortgage Solutions in the State of Maryland
Home of the city known as the sailing capital of the world, Maryland is one of America's most beautiful locations and the site of Fort McHenry, where the American National Anthem was written!
The mating of land and sea come together in a beautiful harmony that makes Maryland a fantastic place to buy a home, and our local team of home loan lenders and financial experts are ready and waiting to help. Our goal is to provide you the best information so you can intelligently weigh your home loan options in The Old Line State.
In Maryland, as of 2018, the median home value currently stands at $283,549, only slightly above the U.S. median listing price $261,500.
The intricate waterways of Annapolis make it one of the priciest cities in Maryland, with a median home listing price of $392,000. Columbia isn't too far behind, where the median home listing price is $335,200. In comparison, less expensive cities in the state include Glen Burnie, where the median home listing price is $239,700, and the popular city of Baltimore, where the median home listing price is $115,200.
Here at home.loans, we can't wait to help give you the knowledge and confidence to buy your dream home in Maryland. Whether you're an experienced home buyer going in for a second refinance, a first time home buyer trying to learn the ropes, or you want to take advantage of a home equity loan or HELOC to access the equity in your home, we're ready to help guide you along every stage of the home purchase process.
Best Maryland Mortgage Lender: Fairway Independent Mortgage Corporation
A rapidly growing name in the national home finance industry, Fairway Independent Mortgage Corporation is one of the best options for conventional, FHA, and VA financing across the country. Home buyers will agree that it’s actually pretty easy to find a Fairway location when its time to get a home loan. Beyond that, their customer service is well known to be top notch.
Fairway Independent Mortgage Corporation has stunning reviews from its client base over the years. One thing they seem to excel in is cutting down the closing costs that borrowers are expected to pay at the end of a mortgage transaction, as well as facilitating a faster closing.
Fairway may very well be the best option for first time home buyers on this list. Their attention to detail and completely transparent methodology is perfect for obtaining a mortgage loan at a great rate in a stress-free environment.
Best Maryland Mortgage Refinance Lender: Primary Residential Mortgage
Primary Residential Mortgage has been making waves in the mortgage industry since 1998. Growing from a small business to a company with 225 branch offices across the nation is no small feat, but the people running PRMI earned it through the admiration of their many clients.
PRMI takes a conscientious approach to mortgage loans and refinancing, always putting the needs of the customer and absolute transparency above all else. Despite their stunning growth since first opening their doors, they still seek to provide customized service that is sure to satisfy the needs of borrowers in even the toughest of financial situations.
Obtaining or refinancing a mortgage through PRMI is a nearly effortless task, and the loan officers make themselves readily available to their clients. Overall, they are a tough lender to beat when it comes to home finance.
Best Maryland FHA Mortgage Lender: Caliber Home Loans
A relative newcomer to the home finance market, Caliber Home Loans truly hit the ground running -- at top speed. For a company that has only been around since 2013, Caliber has made quite a reputation for itself as one of the top FHA lenders in the region.
The Caliber team is often lauded for their knowledge and sincerity during the mortgage transactions that they conduct. Getting an FHA loan can be particularly stressful, but the loan officers at Caliber don’t leave any stone unturned when it comes to keeping their borrowers informed and making sure home buyers are in complete control of their home loan decisions.
Home buyers can count on concise, and rapid responses to any questions that may come up during the mortgage process. With their new app, the mortgage preapproval and application process has been made even easier! A stunning dedication to providing home buyers with mortgage loans that are affordable and align with their goals is evident with the glowing pool of user reviews since Caliber’s birth only 6 years ago.
Best Maryland VA Mortgage Lender: Embrace Home Loans, Inc
The team over at Embrace Home Loans really knows how to take the fear out of the mortgage process. They take great pride in their singular focus of providing high-quality and affordable home loans to the home buyers that give them their trust.
Embrace Home Loans is home to loan officers who never withhold options from their clients. Every single step and every single action gets explained in full, and if there are any questions, you can bet they will be answered before anyone signs anything into action.
Dozens upon dozens of past clients have attested to the fact that the loan officers of Embrace home loans truly care about securing a home loan with terms and rates that are satisfactory to the borrower. And they manage to do this without incurring any stress or hold-ups during the mortgage transaction.
Best Maryland Home Equity Lender: PNC Bank
A popular player in the mortgage industry that plays a large role in home equity financing is PNC Bank. It is one of the largest banking institutions in the country, servicing 19 states as well as the District of Columbia.
PNC bank not only offers home equity loans and HELOCs, but also their home equity rapid refinance loan, which essentially acts as a more streamlined and flexible approach to a cash-out refinance. PNC bank offers a plethora of draw methods on its popular HELOC product, and originates its home equity options at an incredible 89.9% LTV.
PNC’s online platform makes securely uploading important financial documentation requested for a loan approval fast and easy. PNC bank excels in providing an excellent customer experience both online and face-to-face. It is one of the few major lenders with an online platform as robust as the online-only options.
Shop Around Before You Get a Maryland Home Loan
Our picks for the best mortgage lenders in Maryland may not necessarily represent the best lender for your financial situation, goals, and desires. Everyone’s story is unique, and sometimes the best mortgage terms can be found in the most obscure places. Regardless of experience or lack thereof, the best plan of action is to shop around with multiple lenders to find out which one can provide the ideal mortgage solution that comes with the terms and affordability that best suits any particular financial situation.
While looking at reviews can be a huge help, getting a one on one consultation could mean saving thousands. If you’d like some help in locating the best mortgage lender in your area, don't hesitate to contact a home.loans mortgage expert!