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Guide to Mortgage Lenders in Maryland

Tap into online and traditional resources to find the best Maryland mortgage loans


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Mortgage brokers in Maryland can help you secure the best home loan possible from a variety of mortgage lenders. Whether you’re in the market for a condo in downtown Bethesda, a vacation spot in Ocean City or a waterfront home in Baltimore, you’ll need a mortgage. In Maryland, mortgage lenders are plentiful, but finding one that offers the best terms and options can be time-consuming. Maryland mortgage brokers can help you save time in your search for financially attractive mortgage loans.

Mortgage brokers have the experience and connections to examine deals from thousands of different mortgage lenders in Maryland. When hiring mortgage brokers in Maryland, look for a professional who has a keen understanding of the residential market in your particular area. That’s because housing markets vary tremendously by region, as the market in Annapolis is vastly different from the Gaithersburg market.

When searching for a mortgage lending company in Maryland:

  1. Make sure you're working with reputable mortgage companies in Maryland by checking records with government and better-business groups.
  2. Start your search online and look at rates and terms on a variety of websites for lenders and mortgage brokers in Maryland.
  3. Don't limit yourself to mortgage lenders in Maryland or Maryland mortgage brokers. National loan originators and brokers may offer the best terms on Maryland

Action Steps
The best contacts and resources to help you get it done

Search local Maryland mortgage brokers and mortgage lenders associations


Maryland mortgage lenders associations and mortgage brokers associations can help you find professionals who understand the local housing market.

I recommend: Check out the Maryland Mortgage Bankers Association to search for registered lenders in your area. Or, to choose a reputable lender, you can go to the National Association of Mortgage Brokers, where you can search for members of the local Maryland Association of Mortgage Brokers.

Consider local and regional banks for Maryland mortgage loans


Local and regional banks are some of the most common mortgage lenders in Maryland.

I recommend: You can search for a local bank or credit union that offers mortgage loans at the Maryland Department of Labor, Licensing and Regulation, Mortgage-X.com or at Loan.com.

Use online sources to search for Maryland mortgage companies


Numerous online sources can help you shop for the best mortgage lenders in Maryland.

I recommend: MortgageLoan.com lets you search their list of Maryland mortgage brokers and lenders by city. Check mortgage rates from lenders at Marylandmortgageshop.com.

Work with national mortgage lenders for Maryland mortgage loans


Many national mortgage brokers and lenders offer Maryland mortgage loans that may be right for you.

I recommend: Consider national lenders, such as GMAC Mortgage or Wachovia, or check out Equifax, which offers a nationwide mortgage referral service. Veterans may qualify for a loan through the VA Mortgage Center.com or USAA.com, where you can get pre-approved for Maryland mortgage loans. 

Check with legal authorities about mortgage companies in Maryland


Make sure the mortgage companies in Maryland you're considering are trustworthy and haven't been reported by borrowers for unethical business practices.

I recommend: Contact the Better Business Bureau of Greater Maryland to check up on Maryland mortgage companies.

Find out what local experts are saying about Maryland mortgage companies


Local real estate experts, such as columnists and area bloggers, can provide information on mortgage lenders and mortgage brokers in Maryland and are a great source of tips on the market for house hunters.

I recommend: Urban Trekker is a real estate blog devoted to Maryland and the Metro DC area. Or check out The Real Estate Wonk blog by Baltimore Sun reporter Jamie Smith Hopkins for info on the local real estate market and mortgage lenders.

Tips & Tactics
Helpful advice for making the most of this Guide

  • A Maryland mortgage company should be familiar with Maryland fees and should have a network of local appraisers and title companies to make the process go more smoothly.
  • Maryland mortgage loans from your bank are negotiable. Shop around for rates from mortgage brokers and mortgage companies before approaching your local bank.
  • Rate quotes on Maryland mortgage loans should all be from the same time period due to market fluctuations.
  • Tied mortgage brokers don't charge an upfront fee, but work with a limited number of mortgage companies in Maryland who pay them a commission should you choose their mortgage.
  • An independent broker charges an upfront fee but casts a wider net, offering a variety of deals from a host of mortgage lenders in Maryland.

The official source of Mortgage Lenders in Maryland is
the Mortgage Lenders in Maryland page at Business.com

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