Current Mortgage Rates in Maryland 2026: FHA, VA, Conventional & Jumbo Rate Guide

One of the most common questions Dan Freshley receives is: "What are today's mortgage rates?" The answer depends on several factors specific to you — your credit score, loan type, down payment, property type, and loan term. Below is a guide to current rate ranges in Maryland as of April 2026, along with the factors that affect your personal rate. For an exact quote, call Dan Freshley at (301) 332-9432 — NMLS #196245.

Current Mortgage Rate Ranges in Maryland — April 2026

• 30-year fixed conventional: approximately 6.5% – 7.25% depending on credit and down payment

• 15-year fixed conventional: approximately 6.0% – 6.75% — lower rate, higher monthly payment

• FHA 30-year fixed: approximately 6.25% – 7.0% — great for buyers with lower credit scores

• VA 30-year fixed: approximately 6.0% – 6.75% — typically the lowest rates available, zero down

• Jumbo loans (above $806,500): approximately 6.75% – 7.5% depending on loan size and reserves

• Bank statement loans (Non-QM): approximately 7.25% – 8.5% — higher rate reflects alternative documentation

• DSCR investor loans: approximately 7.0% – 8.25% based on property cash flow and LTV

• USDA rural loans: approximately 6.25% – 7.0% — zero down, for eligible rural properties

Note: These are general market ranges as of April 2026. Your actual rate will depend on your specific credit profile, loan amount, property type, and market conditions at the time of your lock. Rates change daily. Call Dan Freshley at (301) 332-9432 for today's exact rate.

5 Factors That Determine Your Mortgage Rate

• Credit score: The single biggest factor. A 760+ score gets the best rates. Every 20-point drop in score can increase your rate by 0.25-0.5%

• Down payment / LTV: More down = lower rate. 20%+ down avoids PMI and gets better pricing

• Loan type: VA loans typically have the lowest rates, followed by conventional, then FHA, then Non-QM

• Loan term: 15-year loans have lower rates than 30-year, but higher monthly payments

• Market conditions: The 10-year Treasury yield and the Federal Reserve policy drive daily rate changes

Should I Lock My Rate Now or Wait?

This is one of the most common questions Dan Freshley gets, and the answer is: it depends on your timeline and risk tolerance. If you're under contract and closing within 60 days, locking your rate protects you from potential increases. If rates are trending down, floating your rate for a few weeks might save you money. Dan will advise you based on current market conditions and your specific situation.

How to Get the Best Mortgage Rate in Maryland

• Improve your credit score before applying — even 20-30 points can make a meaningful difference

• Save a larger down payment — 20%+ avoids PMI and gets you better rate pricing

• Consider a shorter loan term if you can afford the higher payment

• Buy mortgage points if you plan to stay in the home long-term

• Work with a local, experienced lender — Dan Freshley has relationships with dozens of investors to get you the best available rate

Get Your Personalized Rate Quote Today

The only way to know your actual mortgage rate is to get a personalized quote based on your credit, income, and the property you want to buy. Call Dan Freshley directly at (301) 332-9432 or visit danfreshley.com to get started. You can also use our free mortgage calculator at danfreshley.com/mortgage-calculator to estimate your monthly payment. Dan Freshley Home Loans, 18310 Montgomery Village Avenue, Suite 300, Gaithersburg, MD 20879. NMLS #196245.