Find Mortgage Lenders in Baltimore, MD
Looking for a mortgage lender in Baltimore? Review the directory below to compare your options.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Maryland before hiring.
Showing 20 mortgage lenders in Baltimore, MD
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Mortgage lenders in Baltimore Maryland help home buyers and homeowners secure financing for property purchases and refinances. Maryland law requires lenders to be licensed by the state and follow specific disclosure rules. Local lenders understand the Baltimore housing market and can guide you through the process.
What Does a Mortgage Lender in Baltimore Cost?
Typical costs for a mortgage lender in Maryland include an origination fee of 0.5 to 1 percent of the loan amount, appraisal fees of 400 to 700 dollars, and title insurance costs of 500 to 1,500 dollars. Closing costs in Baltimore usually range from 2 to 5 percent of the purchase price. These costs vary by case and loan type. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What licenses do mortgage lenders need in Maryland?
Mortgage lenders in Maryland must hold a license from the Maryland Department of Labor. They also need to register with the Nationwide Multistate Licensing System. This ensures they follow state regulations.
How long does a mortgage application take in Baltimore?
A typical mortgage application in Baltimore takes 30 to 45 days from application to closing. Maryland law requires a three day right of rescission for refinances. Delays can happen if documents are incomplete.
Are there down payment assistance programs in Maryland?
Yes, Maryland offers down payment assistance through the Maryland Mortgage Program. Eligible buyers can receive up to 5 percent of the purchase price as a grant or loan. These programs are for first time buyers and some repeat buyers in targeted areas.