Mortgage lending in Allegany County
1,138 mortgages were originated in Allegany County, Maryland, in 2025.
30-year fixed, this week
6.58%
Freddie Mac’s survey average for the week of July 23, 2026 — a year earlier it was 6.75%, and the past year ranged 5.98–6.72%. The figures below are from 2025 filings and do not move with the market. Rate history
- Loans originated
- 1,138
- Median rate
- 6.500%
- Median lender fees
- $3,871
- Median loan amount
- $125,000
- Median spread over APOR
- 0.369
- Paid discount points
- 29.6%
- Received lender credits
- 20.5%
- Purchases / refinances
- 48.1% / 37%
- Conventional / FHA / VA
- 73.6% / 16.2% / 6.6%
Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 70.8% of loans here — see methodology.
Loan limits here in 2026
- Conforming limit
- $832,750
- FHA limit
- $541,287
Borrow more than $832,750 and the loan becomes jumbo — outside agency rules, priced by each lender on its own terms. How limits work
Who lent here
Lenders with at least 50 loans in Allegany County, ranked by volume.
| Lender | Loans | Median fees | Median rate |
|---|---|---|---|
| Alcova Mortgage LLC | 142 | $3,203 | 6.750% |
| FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION | 123 | $2,156 | 6.375% |
| Rocket Mortgage, LLC | 86 | $5,263 | 6.375% |
| CHESSIE Federal Credit Union | 78 | $1,340 | 6.188% |
| Manufacturers and Traders Trust Company | 76 | — | 5.990% |
| FIRST UNITED CORPORATION | 53 | — | — |
What lenders charged here
Lender fees on a $125,000 loan, based on what was actually charged in Allegany County — not a rule of thumb.
From 806 loans where fees were reported. This is what the lender charges — sections A and B of a Loan Estimate. Title, appraisal, escrow and taxes are extra and are not in these figures. Compare two offers