30-Year Mortgage Rates in Annapolis, MD
Compare current 30-year fixed mortgage rates in Annapolis, MD. Find the best local lenders, understand Annapolis market trends, and secure competitive rates for your home purchase or refinance.
As of April 2026, the average 30-year fixed mortgage rate in Annapolis, MD is approximately 6.65%, based on national survey data from Freddie Mac. Rates in Annapolis generally track the Mid-Atlantic average, influenced by local housing demand, lender competition, and economic conditions. The median home price in Annapolis is approximately $475,000. Naval Academy town.
Current Mortgage Rates in Annapolis, MD
Compare average mortgage rates available to Annapolis borrowers. Rates are based on national averages from Freddie Mac and may vary by lender, credit score, and loan amount.
| Loan Type | Rate | APR | Est. Payment |
|---|---|---|---|
| 30-Year Fixed | 6.65% | 6.82% | $1,925/mo |
| 15-Year Fixed | 5.90% | 6.12% | $2,585/mo |
| FHA 30-Year | 6.25% | 7.15% | $1,845/mo |
| VA 30-Year | 6.15% | 6.38% | $1,815/mo |
| Jumbo 30-Year | 6.85% | 7.02% | $2,125/mo |
Top Mortgage Lenders in Annapolis, MD
Compare mortgage lenders serving Annapolis borrowers. All lenders shown are licensed to operate in Maryland.
Premium Annapolis Lender
- Competitive 30-year fixed rates
- Local Annapolis branch offices
- Same-day pre-approval available
- Dedicated MD loan officers
Featured Annapolis Lender
- Low rate guarantee programs
- Online application portal
- First-time buyer specialists
- Down payment assistance guidance
Verified Annapolis Lender
- Serving Maryland since 2005
- FHA/VA/USDA loan options
- Free rate lock for 60 days
- Local market expertise
Annapolis Housing Market Overview
Understanding the Annapolis real estate market helps borrowers make informed mortgage decisions in Maryland.
Annapolis Home Prices
The median home price in Annapolis is approximately $475,000. Local prices reflect the Mid-Atlantic market dynamics and Annapolis's specific economic conditions and housing supply.
Annapolis Market Trends
Annapolis's housing market reflects broader Maryland trends. Local inventory levels, days on market, and price appreciation help determine the best timing for mortgage applications.
Cost of Living in Annapolis
Annapolis's cost of living, including property taxes and insurance rates, affects the total homeownership cost beyond the mortgage payment for MD residents.
Factors Affecting Mortgage Rates in Annapolis
Several local and national factors influence the mortgage rates available to Annapolis homebuyers.
Credit Score in Annapolis
Your credit score is the biggest factor in your Annapolis mortgage rate. Aim for 740+ for the best rates. Borrowers with excellent credit save thousands over the life of a 30-year loan.
Down Payment & LTV
A 20% down payment on a $475,000 home in Annapolis avoids PMI. FHA loans allow 3.5% down, making homeownership more accessible in Annapolis's market.
Local Lender Competition
Shopping 3-4 Annapolis-area lenders can save 0.25-0.5% on your rate. Compare banks, credit unions, and mortgage brokers serving the Annapolis market.
Rate Lock Strategy
When you find a competitive rate in Annapolis, lock it. Rate locks of 30-60 days protect you from market volatility during the closing process in MD.
Frequently Asked Questions: Annapolis Mortgage Rates
The average 30-year fixed rate in Annapolis is approximately 6.65% as of April 2026, based on Freddie Mac data. Your actual rate depends on credit score, down payment, loan amount, and lender. Shopping multiple Annapolis lenders typically saves 0.25-0.5%.
With a median home price of $475,000 in Annapolis, a 20% down payment would be about $95,000. FHA loans require just 3.5% down, and VA loans offer zero down for eligible veterans in MD.
For the best mortgage rates in Annapolis, aim for a credit score of 740+. Scores of 760+ get the absolute best rates. FHA loans in MD accept scores as low as 580 with 3.5% down.
Yes. The Maryland Housing Finance Authority offers down payment assistance and below-market rate programs. Federal programs including FHA, VA, and USDA loans are also available to Annapolis buyers. Contact local lenders for current program availability.
A 30-year fixed offers lower monthly payments, ideal for Annapolis buyers wanting payment flexibility. A 15-year saves on total interest but requires higher payments. With Annapolis's median price of $475,000, most buyers choose the 30-year for affordability.
Compare Nearby Mortgage Markets
Explore mortgage rates and housing data in nearby cities to find the best market for your home purchase.