Compare Current Annapolis, Maryland Mortgage Rates

Compare Annapolis, MD mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Annapolis.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Annapolis. Plus, shopping lenders is free and there is no obligation.

Annapolis, MD Mortgage Rates as of December 7, 2023
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details. Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Annapolis, MD Mortgage Rates

December 7, 2023

Current mortgage rates in Annapolis, MD are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Annapolis, MD Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Annapolis, Maryland?

Below we provide helpful information on the real estate market, home prices and housing affordability in Annapolis. Understand how much you need to earn to afford a home in Annapolis, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Annapolis fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Annapolis is right for you.

The median home value for Annapolis, MD (Anne Arundel County) is $452,911

Based on current mortgage rates and a 10% down payment, you need to make $94,484 per year to buy the median priced home in Annapolis

With this income, you could qualify for a $407,620 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Annapolis is $2,188

The median household income for Annapolis, MD (Anne Arundel County) is $109,397

Based on this income, you can afford a home valued at approximately $524,395

The home price you can afford to buy based on household income in Annapolis is 116% of the median home value which means housing prices are average. Annapolis (Anne Arundel County) ranks 15 out of 24 counties in Maryland and 2,576 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Annapolis, MD is average


Loan Limits for Annapolis, Maryland

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Annapolis (Anne Arundel County) below.

Conforming loan limits for Annapolis, MD

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Annapolis, MD

1 unit: $632,500
2 units: $809,700
3 units: $978,750
4 units: $1,216,350

VA loan limits for Annapolis, MD

1 unit: $726,200

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