Where to Get the Best Maryland Mortgage Rates on an ARM

If you’re considering purchasing a house, but conventional fixed rate mortgages don’t impress you, consider obtaining an adjustable rate mortgage instead. ARMs function differently than fixed mortgage loans, and right now, you could secure an exceptionally low interest rate on one.

We’ve compiled the very best Maryland mortgage rates available for adjustable rate mortgages near you. Learn where you can get your hands on a great rate in your state.

Best ARM Rates in Maryland

Whether you bank with a traditional financial institution, a credit union or are thinking about financing online, there are a number of options available:

Best Maryland Mortgage Rates: 3/1 ARM

• Navy Federal Credit Union: 2%
• • No Orig. Fees
  • Points: 0.5
  • Caps: 2% per Adjustment Period


• Wells Fargo Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.75
  • Caps: 2% per Adjustment Period


• Wachovia Bank, National Association: 2.25%
• • Orig. Fees: 1%
  • Points: 0.75
  • Caps: 2% per Adjustment Period


• Aberdeen Proving Ground Federal Credit Union: 2.38%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• National Penn Bank: 2.88%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Top Mortgage Rates in Maryland: 5/1 ARM

• Wachovia Bank, National Association: 2.38%
• • Orig. Fees: 1%
  • Points: 0.5
  • Caps: 2% per Adjustment Period


• Wells Fargo Bank, National Association: 2.38%
• • Orig. Fees: 1%
  • Points: 0.5
  • Caps: 2% per Adjustment Period


• Bank of America, National Association: 2.5%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• SunTrust Bank: 2.63%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period


• Aberdeen Proving Ground Federal Credit Union: 2.75%
• • No Orig. Fees
  • Points: 0
  • Caps: 2% per Adjustment Period

Be sure you verify these mortgage rates with the lender before you apply. These rates are accurate as of October 15, 2011, but could change at any time. Further, you may be subject to additional requirements or credit approval in order to obtain the lowest advertised Maryland mortgage rate.