Home loans across Maryland, from Baltimore and the Washington suburbs to Annapolis, Frederick and the Eastern Shore. Estimate your payment, compare programs and talk it through with Duane.
Licensed in Maryland
Conventional, FHA, VA and jumbo
Purchase and refinance
Estimate a Maryland payment
Sample figures, edit freely
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Loan term
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The price, tax and insurance values are samples, not Maryland averages. Property tax and insurance vary a lot by address, so replace them with real quotes.
Estimate only. Includes principal, interest, tax, insurance and an estimated mortgage insurance charge when the down payment is under 20%. Actual terms depend on credit, loan program and property.
Loan options in Maryland
Duane compares programs for your scenario and explains the tradeoffs before you commit.
Conventional. Purchase and refinance loans with as little as 3% down for qualifying buyers. Mortgage insurance can come off as your equity grows.
FHA. As little as 3.5% down with qualifying credit, and more flexible credit guidelines. FHA carries an upfront and an annual mortgage insurance premium.
VA. Maryland has a large veteran and federal workforce community, with installations including Fort Meade, Aberdeen Proving Ground and Joint Base Andrews. VA loans can be $0 down for eligible borrowers, with no monthly mortgage insurance. A funding fee usually applies unless exempt.
Jumbo. For loan amounts above the conforming limit in your county. Expect closer review of down payment, reserves and documentation.
Refinance. Lower the rate, shorten the term or take cash out. Compare the break-even point against how long you plan to stay.
Local housing agency
Maryland Department of Housing and Community Development
The Maryland Department of Housing and Community Development offers the Maryland Mortgage Program and related down payment help through participating lenders. Limits and availability change, so ask what is open now.
Transfer and recordation taxes. Maryland and its counties charge transfer and recordation taxes at closing, and first-time buyers may qualify for partial relief. Amounts vary by county.
Local taxes and districts. Counties and cities set property tax rates, and some neighborhoods have special taxing districts. Run the payment with the actual address.
Loan limits vary. Counties in the Washington area have higher conforming limits than much of the state. Check yours before choosing a price range.
Settlement agent. Closings run through a title company or an attorney. Ask for fee estimates early.
Older homes. Older homes can bring appraisal and repair requirements, especially on FHA and VA loans. Build time for repairs into the contract.
Maryland FAQ
Does Duane lend across Maryland?
Yes. Duane is licensed in Maryland and works with buyers and homeowners statewide, from the Washington suburbs to Baltimore and the Eastern Shore.
Can first-time buyers get relief on Maryland closing taxes?
Maryland offers partial exemptions on some transfer and recordation taxes for qualifying first-time buyers. The amount depends on the county, so confirm with your settlement agent.
What is the Maryland Mortgage Program?
It is a set of first-time buyer loan and down payment programs from the Maryland Department of Housing and Community Development, offered through participating lenders. Ask whether you qualify.
Can I use a VA loan in Maryland?
Yes. Eligible veterans, service members and some surviving spouses can use a VA loan anywhere in the state. Duane can review your eligibility and entitlement.
Duane Buziak, NMLS #1110647. Licensed in VA, FL, TN, GA, NC, SC, MD, DC, WV, TX and KY. Brokered through Coast2Coast Mortgage, NMLS #376205. Verify licenses at nmlsconsumeraccess.org. For illustration only. Not a loan offer, commitment or rate quote. Equal Housing Opportunity.
