Mortgage Lenders and Brokers in Oakland, 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
Oakland, Maryland mortgage lenders include First United Bank & TrustFirst United Bank & Trust12894 Garrett Highway, Oakland, MD 21550A+5.0 ★Texas Ratio: 2.11%, Clear Mountain BankClear Mountain Bank12730 Garrett Hwy, Oakland, MD 21550A+5.0 ★Texas Ratio: 2.01%, Truist BankTruist Bank305 E Oak St, Oakland, MD 21550A+5.0 ★Texas Ratio: 2.87%, M&T BankM&T Bank46 S 2nd St, Oakland, MD 21550A+5.0 ★Texas Ratio: 4.11%, WEPCO Federal Credit UnionWEPCO Federal Credit Union12826 Garrett Hwy, Oakland, MD 21550A+5.0 ★Texas Ratio: 3.89%, Middletown Valley BankMiddletown Valley Bank6721 Old National Pike, Boonsboro, MD 21713A+5.0 ★Texas Ratio: 1.21%, Educational Systems FCUEducational Systems FCU2625 Riva Rd Ste C, Annapolis, MD 21401 7375A+5.0 ★Texas Ratio: 3.40%, Chessie Federal Credit UnionChessie Federal Credit Union122 W Union St, Cumberland, MD 21502A+5.0 ★Texas Ratio: 2.92%, Citizens Bank, NACitizens Bank, NA7637 Old Georgetown Rd, Bethesda, MD 20814A+5.0 ★Texas Ratio: 5.44%, and Millennium Financial Group Inc dba MlendMillennium Financial Group Inc dba MlendMiddletown, MD. 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 Oakland, Maryland in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Oakland 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 Oakland, Maryland
Market share is the lender's share of all home loans closed in Oakland, 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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12894 Garrett Highway, Oakland, MD 21550 A+5.0 ★Texas Ratio: 2.11% |
Conventional | 4 | 7.4% | 66.7% | $232,500 | View |
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1 office in Oakland 12730 Garrett Hwy, Oakland, MD 21550 A+5.0 ★Texas Ratio: 2.01% |
Conventional | 2 | 3.7% | 100% | $225,000 | View |
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★ 1 stars, 1 review 1 office in Oakland 305 E Oak St, Oakland, MD 21550 A+5.0 ★Texas Ratio: 2.87% |
Conventional | 2 | 3.7% | 100% | $105,000 | View |
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1 office in Oakland 46 S 2nd St, Oakland, MD 21550 A+5.0 ★Texas Ratio: 4.11% |
Conventional, HELOC | 1 +3 HELOCs |
1.9% | 100% | $125,000 | View |
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12826 Garrett Hwy, Oakland, MD 21550 A+5.0 ★Texas Ratio: 3.89% |
Conventional | 3 | 5.6% | 100% | $135,000 | View |
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6721 Old National Pike, Boonsboro, MD 21713 A+5.0 ★Texas Ratio: 1.21% |
Conventional | 3 | 5.6% | 100% | $211,666 | View |
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2625 Riva Rd Ste C, Annapolis, MD 21401 7375 A+5.0 ★Texas Ratio: 3.40% |
Conventional | 1 | 1.9% | 100% | $55,000 | View |
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122 W Union St, Cumberland, MD 21502 A+5.0 ★Texas Ratio: 2.92% |
Conventional | 1 | 1.9% | 100% | $95,000 | View |
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7637 Old Georgetown Rd, Bethesda, MD 20814 A+5.0 ★Texas Ratio: 5.44% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
Millennium Financial Group Inc dba Mlend
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Conventional, FHA | 6 | 11.1% | 100% | $170,000 | |
First Peoples Cfcu
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Conventional | 3 | 5.6% | 100% | $35,000 | |
New American Funding, LLC.
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Conventional, FHA | 3 | 5.6% | 60% | $118,333 | |
United Wholesale Mortgage
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VA | 2 | 3.7% | 50% | $365,000 | |
Liberty Federal Credit Union
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Conventional | 2 | 3.7% | 100% | $210,000 | |
Rocket Mortgage
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Conventional | 2 | 3.7% | 66.7% | $215,000 | |
Mortgage Research Center
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FHA, VA | 2 | 3.7% | 100% | $225,000 | |
21St Mortgage
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Conventional | 2 | 3.7% | 100% | $170,000 | |
CrossCountry Mortgage, LLC
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Conventional, HELOC | 1 +1 HELOCs |
1.9% | 50% | $505,000 | |
Arc Home LLC
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Conventional | 1 | 1.9% | 50% | $545,000 | |
Royal United Mortgage LLC
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Conventional | 1 | 1.9% | 100% | $245,000 | |
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A+5.0 ★Texas Ratio: 3.66% |
Conventional | 1 | 1.9% | 100% | $265,000 | View |
Freedom Mortgage Corporation
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VA | 1 | 1.9% | 100% | $275,000 | |
ALCOVA Mortgage, LLC
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FHA | 1 | 1.9% | 100% | $445,000 | |
Amerisave Mortgage Company
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Conventional | 1 | 1.9% | 33.3% | $65,000 | |
Absolute Home Mortgage
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Conventional | 1 | 1.9% | 100% | $445,000 | |
Intercoastal Mortgage, LLC
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Conventional | 1 | 1.9% | 100% | $545,000 | |
ClearPath Lending
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VA | 1 | 1.9% | 100% | $215,000 | |
Planet Home Lending, LLC
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FHA | 1 | 1.9% | 100% | $195,000 | |
Prosperity Home Mortgage, LLC
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FHA | 1 | 1.9% | 100% | $105,000 | |
Reliance First Capital, LLC
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Conventional | 1 | 1.9% | 100% | $165,000 | |
Spring Eq, LLC
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Conventional | 1 | 1.9% | 100% | $85,000 | |
Top Flite Financial, Inc.
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FHA | 1 | 1.9% | 100% | $505,000 | |
Figure Lending LLC
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HELOC | 0 +1 HELOCs |
0% | n/a | ||
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A+5.0 ★Texas Ratio: 2.32% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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B4.5 ★Texas Ratio: 20.96% |
HELOC | 0 +1 HELOCs |
0% | n/a | View | |
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A5.0 ★Texas Ratio: 8.14% |
HELOC | 0 +1 HELOCs |
0% | n/a | View |
Oakland 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 Oakland, Maryland
Looking for mortgage lenders near me or mortgage brokers near me in Oakland? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Oakland in 2025, with lenders based there listed first.
Types of Mortgage Lenders in Oakland, MD
Use these to narrow the list above. Each category shows how many Oakland, MD lenders fit and what that kind of lender is usually best for.
Who Lends in Oakland, MD
Independent mortgage companies closed 46.3 percent of home loans in Oakland, Maryland in 2025, banks 35.2 percent and credit unions 18.5 percent. New American Funding, LLC. was the largest mortgage company, First United Bank & Trust the largest bank and WEPCO Federal Credit Union the largest credit union. Among lenders headquartered in Maryland, First United Bank & Trust 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 Oakland, MD
By home loans closed in 2025, First United Bank & Trust was the largest mortgage lender in Oakland, Maryland with 4 loans, about 7.4 percent of the market. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.
7 lenders closed FHA loans in Oakland, Maryland in 2025, led by New American Funding, LLC. with 2. 4 lenders closed VA loans, led by United Wholesale Mortgage. 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. 10 banks and 6 credit unions closed home loans in Oakland, Maryland in 2025, alongside 20 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 Oakland, 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 Oakland, 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 Oakland. 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.
