Zip

company main banner
Farmers and Merchants Bank
735 Hanover Pike Hampstead MD 21074
Telephone
410-239-9650
Email
mdadmin@fmb1919.bank
NMLS
421562

Purchasing a home?
The home of your dreams is waiting for you. By offering personalized service, we quickly help secure the right home loan for our clients. We make the loan process simple, straightforward, and fast. Our team of knowledgeable originators are on staff and ready to work for you, give us a call today.

Looking to refinance?
If you're considering refinancing your current mortgage, we can help you understand your options. We listen to your specific needs then present personalized mortgage options for you in real-time. Your needs can change, so can your mortgage loan. Let us help.


Current Mortgage Rates


9/16/2024



Conventional

                                     Term        Points         Rate          APR       Payment                                   

30 Year     0 points     6.000%     6.112%     $599.55

15 Year     0 points     5.375%     5.560%     $810.47

Payment and APR calculated at 80% Loan to Value and $100,000.00 Loan Amount

Monthly payment does not include taxes and property insurance


FHA

                                     Term        Points         Rate          APR       Payment                                   

30 Year     0 points     5.875%     6.707%     $624.84

Payment and APR calculated on $96,500.00 Base Loan Amount (Purchase Price $100,000.00)

Payment includes FHA Monthly Mortgage Insurance

Monthly payment does not include taxes and property insurance




USDA

                                     Term        Points         Rate          APR       Payment                                   

30 Year     0 points     5.625%     6.184%     $610.60

Payment and APR calculated on $101,010.00 Loan Amount (Purchase Price $100,000)

Loan Amount includes USDA Guarantee Fee

Payment includes USDA Monthly Annual Fee

Monthly payment does not include taxes and property insurance


VA

                                     Term        Points         Rate          APR       Payment                                   

30 Year     0 points     6.000%     6.313%     $612.44

Payment and APR based on $102,150.00 Loan Amount. (Purchase Price $100,000.00)

Monthly payment includes VA Funding Fee

Monthly payment does not include taxes and insurance


RATES ARE SUBJECT TO CHANGE

           

Other PROGRAMS and RATES are available upon request.


Member FDIC

Equal Housing Lender