30 Year Fixed Rate Mortgages in Maryland: Local Banks vs. Discount Brokers

December 6, 2011 No Comments »

If you’re a regular here, you know we are always pitting online banks and nationally available banks against local geographically specific credit unions or community banks to see who offers better rates and overall products. In many instances on the savings side of banking, local institutions (especially credit unions) can get the best of the nationwide ones, however, on the loan side of banking, especially when dealing with mortgages, discount online brokers can usually deliver the lowest rates.

In our most recent survey we dug into the top 30 year fixed rate mortgages in Maryland and compared them against the online discount mortgage brokers.

Below are the best 30 year mortgage rates offered by local banks in Maryland (December 2011):

1) National Penn Bank (Rising Sun, MD) offering 30 year fixed rate mortgages at 3.875% assuming 20% down.

2) SunTrust Bank (Wheaton, MD) offering 30 year fixed rate mortgages at 3.875% assuming 20% down.

3) Hancock Community Bank (Hancock, MD) offering 30 year fixed rate mortgages at 4.00% assuming 20% down.

4) Standard Bank (Westminster, MD) offering 30 year fixed rate mortgages at 4.00% assuming 20% down.

5) Centra Bank (Hagerstown, MD) offering 30 year fixed rate mortgages at 4.125% assuming 20% down.

Top Online Mortgage Rates Available to Maryland Residents (December 2011):

1) Total Mortgage Services offering 30 year fixed rate mortgage at 3.983% in MD. Read Review.

2) RoundPoint Mortgage Company offering 30 year fixed rate mortgages at 3.99% in MD. Read Review.

3) CapWest Mortgage offering 30 year fixed rate mortgages at 4.008% in MD. Read Review.

If you live in Maryland and have refinanced your mortgage at or below these rates for 30 year terms, please share by leaving a comment!

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