MDMaryland

Maryland Mortgage Guide

DC metro counties (Montgomery, Prince George's) qualify for the full high-cost ceiling.

2024 Conforming Limit

$1,149,825

High-cost state

Avg 30yr Fixed Rate

7.00%

VA Friendly

Yes

Strong VA market

First-Time Buyer Program

MMP 1st Time Advantage

Maryland offers down payment assistance (DPA) for qualifying buyers. Contact a participating lender or your state housing finance authority for current income limits and program availability.

Understanding Your Conforming Limit

The 2024 FHFA conforming loan limit for Maryland is $1,149,825. Loans at or below this amount qualify as conforming loans, which typically carry lower interest rates and require less documentation than jumbo loans.

Maryland is a high-cost area. Higher limits mean more buyers can access conventional conforming financing instead of jumbo loans, which often require larger down payments and stricter credit standards.

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