Mortgage Lenders and Brokers in Mount Savage, Maryland
Brian McKay
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iEditorial Disclosure
Editorial DisclosureLender lists come from federal HMDA loan data. Average rates come from our daily monitoring network. Editorial content is independent of any advertiser relationships.
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✓Fact Checked
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Loan Rates Last Updated and Verified: October 7, 2026
Mount Savage, Maryland mortgage lenders include ACT 1st FCUACT 1st FCU11905 Messick Rd SE, Cumberland, MD 21502A5.0 ★Texas Ratio: 12.54%, Chessie Federal Credit UnionChessie Federal Credit Union122 W Union St, Cumberland, MD 21502A+5.0 ★Texas Ratio: 2.92%, First United Bank & TrustFirst United Bank & Trust207 N Main St, Boonsboro, MD 21713A+5.0 ★Texas Ratio: 2.11%, WEPCO Federal Credit UnionWEPCO Federal Credit Union204 North Branch Avenue, Bloomington, MD 21523A+5.0 ★Texas Ratio: 3.89%, M&T BankM&T Bank207 W Bel Air Ave, Aberdeen, MD 21001A+5.0 ★Texas Ratio: 4.11%, First Peoples CfcuFirst Peoples CfcuCumberland, MD, ALCOVA Mortgage, LLC, Mortgage Research Center, Planet Home Lending, LLC, and Radius Financial Group Inc. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.
Lenders are ranked only by the number of home loans they closed in Mount Savage, Maryland in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Mount Savage are listed first, then lenders elsewhere in Maryland, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.
Mortgage Lenders and Brokers in Mount Savage, Maryland
Market share is the lender's share of all home loans closed in Mount Savage, Maryland. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.
| Lender | Programs | Loans closed | Market share | Approval share | Average loan | View |
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11905 Messick Rd SE, Cumberland, MD 21502 A5.0 ★Texas Ratio: 12.54% |
Conventional | 4 | 18.2% | 100% | $65,000 | View |
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122 W Union St, Cumberland, MD 21502 A+5.0 ★Texas Ratio: 2.92% |
Conventional | 4 | 18.2% | 100% | $117,500 | View |
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207 N Main St, Boonsboro, MD 21713 A+5.0 ★Texas Ratio: 2.11% |
Conventional | 2 | 9.1% | 100% | $100,000 | View |
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204 North Branch Avenue, Bloomington, MD 21523 A+5.0 ★Texas Ratio: 3.89% |
Conventional | 2 | 9.1% | 100% | $65,000 | View |
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207 W Bel Air Ave, Aberdeen, MD 21001 A+5.0 ★Texas Ratio: 4.11% |
FHA | 1 | 4.5% | 100% | $65,000 | View |
First Peoples Cfcu
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Conventional | 2 | 9.1% | 100% | $40,000 | |
ALCOVA Mortgage, LLC
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Conventional | 3 | 13.6% | 100% | $171,666 | |
Mortgage Research Center
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FHA, VA | 2 | 9.1% | 100% | $160,000 | |
Planet Home Lending, LLC
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Conventional | 1 | 4.5% | 100% | $55,000 | |
Radius Financial Group Inc
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FHA | 1 | 4.5% | 100% | $125,000 |
Mount Savage Mortgage Rate Trends
Daily average mortgage rates for Maryland compared with the national average, updated every evening.
Mortgage Lenders and Mortgage Brokers Near Me in Mount Savage, Maryland
Looking for mortgage lenders near me or mortgage brokers near me in Mount Savage? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Mount Savage in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Mount Savage, MD
Use these to narrow the list above. Each category shows how many Mount Savage, MD lenders fit and what that kind of lender is usually best for.
Who Lends in Mount Savage, MD
Independent mortgage companies closed 31.8 percent of home loans in Mount Savage, Maryland in 2025, banks 13.6 percent and credit unions 54.5 percent. ALCOVA Mortgage, LLC was the largest mortgage company, First United Bank & Trust the largest bank and ACT 1st FCU the largest credit union. Among lenders headquartered in Maryland, ACT 1st FCU led with 4 loans.
How to Read This List
A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.
Attorneys customarily handle closings in Maryland. State transfer tax of 0.5 percent of the price (0.25 percent, paid by the seller, when the buyer is a first time Maryland homebuyer), plus county transfer taxes of 0 to 1.5 percent and county recordation taxes on deeds and mortgages ranging from about $5 to $14 per $1,000, with Montgomery County using tiered rates up to 2.27 percent above $1 million.
More Maryland Mortgage Lender Pages
Frequently Asked Questions About Mortgage Lenders in Mount Savage, MD
By home loans closed in 2025, ACT 1st FCU was the largest mortgage lender in Mount Savage, Maryland with 4 loans, about 18.2 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
3 lenders closed FHA loans in Mount Savage, Maryland in 2025, led by M&T Bank with 1. 1 lenders closed VA loans, led by Mortgage Research Center. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Yes. 2 banks and 4 credit unions closed home loans in Mount Savage, Maryland in 2025, alongside 4 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
Lenders are ranked only by the number of home loans they closed in Mount Savage, Maryland during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.
Methodology and Sources
Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Mount Savage, Maryland for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Mount Savage. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.
