Home financing with a team that knows Maryland
In This Section
Fixed Rate Mortgage Loans
A fixed rate loan allows you, the homeowner, the benefit of knowing exactly what your mortgage loan interest and principal payments will be for the life of your loan and are available for a home purchase or a mortgage refinance. Enjoy a fixed interest rate and fixed monthly payments. Available for 15- and 30-year home loans.
Federal Home Loan Bank’s Affordable Housing First-Time Homebuyer* program
Arundel Bank is excited to offer the Federal Home Loan Bank’s Affordable Housing First-Time Homebuyer* program to qualified first-time homebuyers. Achieve the dream of homeownership with up to $17,500 in down-payment and closing-cost assistance for first-time homebuyers.
If you are a law enforcement officer, educator, health care worker, first responder, veteran, or essential worker, you may be eligible for an additional $2,500, for a total of $20,000 in assistance.
In addition to meeting the eligibility requirements, the homebuyer must:
- Contribute at least $1,000 toward the purchase of the home.
- Occupy the home as a primary residence.
- Complete a homebuyer education and financial literacy course specified by the FHLBank Atlanta.
If you or someone you know is interested in this program, please contact our Loan Servicing Department at 410-768-7800, option #2, or one of our Loan Originators below and let’s work together to get you in that first home.
Features
- Available for home loan purchase
- Fixed interest rates
- Fixed monthly loan payments
- Terms: 15, 20, and 30 years
*First-Time Homebuyer is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan for complete product requirements. NMLS# 671636. Member FDIC and Equal Housing Lender.
*First-Time Homebuyer is a product of the Federal Home Loan Bank of Atlanta. Household income restrictions and other requirements apply. Please see Federal Home Loan Bank of Atlanta’s Affordable Housing Program Implementation Plan at www.fhlb.com for complete product requirements. NMLS# 671636. Member FDIC and Equal Housing Lender.
Adjustable Rate Mortgage Loans (ARM)
Consider an Adjustable Rate Mortgage (ARM) if beginning with a lower monthly mortgage payment is what you need. An Adjustable Rate Mortgage loan generally offers you an attractive interest rate for the first several years of your loan, then will adjust annually for the remainder of your loan term. Adjustable Rate Mortgage Loans are available for a new home loan purchase or a mortgage refinance.
Features
- Available for new home loan purchase or a mortgage refinance
- Variable mortgage interest rates
- 5/1 and 7/1 ARMS available; conforming and jumbo
- Variable monthly payments
- Terms: 30 year amortization
- Financing up to 97% LTV available (LTV over 80% may require Private Mortgage Insurance – PMI)
Jumbo Mortgage Loans
When considering a larger loan, a Jumbo Mortgage Loan will provide you with the best financing for loans $835,001 to $1,000,000. Jumbo Mortgage Loans are available for new home loan purchases or a mortgage refinance at fixed mortgage interest rates or adjustable mortgage interest rates.
Home Equity Lines of Credit
A home equity loan can provide the cash you need to consolidate debt, make home improvements, pay college tuition, etc. Arundel Bank offers revolving home equity lines of credit (HELOC) as well as fixed rate/term home equity loans. As a revolving line of credit, you can borrow and repay funds for the duration of the draw period.
Call 410-768-7800 for current rates.
Features
- Revolving line with check writing convenience
- 10 year initial draw period (renewable)
- 15 year repayment period
- Interest-only payments during draw period
- Access up to 90% of the available equity in your home
- Interest may be tax deductible (consult your tax advisor)
- No closing cost option available (excluding city/county/state imposed transfer and/or recordation taxes)
- Borrowers must take $10,000 advance at closing
- Prepayment Penalty
Current Rates
Call 410-768-7800 for current rates.
Effective Date: Friday, June 5, 2026
| perks | 80% | 85% | 90% | Actions |
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| Required Minimum Credit Score 660 | Required Minimum Credit Score 680 | Required Minimum Credit Score 720 | ||
| Borrower Pays Closing WSJ Prime Rate+ |
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| No Closing Costs * WSJ Prime Rate+ |
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Revolving line of credit. Interest varies monthly based on Wall Street Journal Prime rate +/- the margin shown. The maximum APR on Home Equity Lines of Credit is 18%. Minimum loan amount $10,000. Borrowers must exhibit minimum credit scores to qualify. Home Equity Lines of Credit have initial draw periods of 10 years which can be extended for another 5 years at the discretion of AFSB. The repayment period is 15 years. All loan applications are subject to credit and property approval. No fees to use, not use or close your Home Equity Line of Credit loans and No Closing Cost Loans after 36 months. State and/or local government taxes may apply at closing. Closing cost fees for loans of $50,000 range from $500-$1,900. Property insurance is required on your home. Call for rates for loan amounts above $1,000,000.
* $10,000 advance required at loan closing. Excludes any county/city-imposed transfer taxes. Borrower is responsible for all closing costs if the loan is paid off and closed in less than 36 months. Minimum loan amount is $10,000. Borrowers must meet minimum credit scores to qualify for combined LTV in excess of 80%. See program disclosure for additional details. All rates are subject to change without notice.
+Prime Rate as published in the "Money Rates" table in the Wall Street Journal. An increase or decrease in the index will result in an increase or decrease in the APR and the Finance Charge you will pay. The Wall Street Journal Prime rate as of June 5th, 2026, was 6.75%.
SUBJECT TO CREDIT APPROVAL
Fixed Rate Home Equity Loans
Borrow from the equity that you have established in your home to finance home improvement projects, large purchases or consolidate debt.
Features
- Fixed interest rates
- Fixed monthly payments
- Terms up to 20 years
- Access up to 90% of the available equity in your home
Current Rates
Effective Date: Friday, June 5, 2026
Combined Loan to Value Ratio | Loan Term | Interest Rate | Points | Annual Percentage Rate | Payment per $1,000 borrowed | Actions |
|---|---|---|---|---|---|---|
| 90% CLTV Minimum Credit Score 720 | 20 Years (Minimum Loan $25,000) | 8.875% | 0.00% | 9.022% | $8.92 | |
| 90% CLTV Minimum Credit Score 720 | 15 Years (Minimum Loan $20,000) | 8.750% | 0.00% | 8.928% | $9.99 | |
| 90% CLTV Minimum Credit Score 720 | 10 Years (Minimum Loan $15,000) | 8.500% | 0.00% | 8.741% | $12.40 | |
| 90% CLTV Minimum Credit Score 720 | 7 Years (Minimum Loan $10,000) | 8.375% | 0.00% | 8.701% | $15.77 | |
| 90% CLTV Minimum Credit Score 720 | 5 Years (Minimum Loan $10,000) | 8.250% | 0.00% | 8.688% | $20.40 | |
| 85% CLTV Minimum Credit Score 680 | 20 Years (Minimum Loan $25,000) | 8.250% | 0.00% | 8.390% | $8.52 | |
| 85% CLTV Minimum Credit Score 680 | 15 Years (Minimum Loan $20,000) | 8.125% | 0.00% | 8.295% | $9.63 | |
| 85% CLTV Minimum Credit Score 680 | 10 Years (Minimum Loan $15,000) | 7.875% | 0.00% | 8.107% | $12.07 | |
| 85% CLTV Minimum Credit Score 680 | 7 Years (Minimum Loan $10,000) | 7.500% | 0.00% | 7.810% | $15.34 | |
| 85% CLTV Minimum Credit Score 680 | 5 Years (Minimum Loan $10,000) | 7.625% | 0.00% | 8.049% | $20.10 | |
| 80% CLTV Minimum Credit Score 660 | 20 Years (Minimum Loan $25,000) | 7.750% | 0.00% | 7.884% | $8.21 | |
| 80% CLTV Minimum Credit Score 660 | 15 Years (Minimum Loan $20,000) | 7.625% | 0.00% | 7.789% | $9.34 | |
| 80% CLTV Minimum Credit Score 660 | 10 Years (Minimum Loan $15,000) | 7.375% | 0.00% | 7.600% | $11.81 | |
| 80% CLTV Minimum Credit Score 660 | 7 Years (Minimum Loan $10,000) | 7.250% | 0.00% | 7.556% | $15.22 | |
| 80% CLTV Minimum Credit Score 660 | 5 Years (Minimum Loan $10,000) | 7.125% | 0.00% | 7.538% | $19.86 |
Fixed Rate and Term. Single Advance. Annual Percentage Rate based on loan amount of $100,000 and fees of approximately $1500.00. Payments per $1,000 borrowed do not include taxes or insurance premiums which may increase the monthly payment. Borrower pays all closing costs. Property insurance is required on your home.
Combined Loan to Value Ratio is the total of your outstanding 1st mortgage balance plus the proposed equity loan, divided by the value of your home.
Construction/ Permanent Loans
Whether you’re building or renovating, let the experts at Arundel Bank help you with your construction and permanent loan financing. Building your dream home is a deeply personal journey, which is why our construction permanent loan offer is designed with you in mind. We pride ourselves on providing personalized service that caters to your unique vision, helping you navigate the construction process with ease and confidence. Our competitive rates and community-focused support ensures that you not only receive the best financial options available but also the guidance of a bank that has been a trusted partner in Maryland for years.
An Arundel Bank construction loan will convert to a fixed rate permanent mortgage at the end of construction saving you money on rising interest rates and helping you maintain your monthly budget.
Also, Arundel Bank will consider a request for a self-managed construction job. We will require documented work experience specific to construction and evidence of a present work situation that will allow for time to supervise an ongoing construction project.
We invite you to reach out with any questions you may have about our construction permanent loan process; our friendly team is here to assist you every step of the way. Let’s embark on this exciting journey together and take the first step towards turning your dream home into a reality with Arundel Bank. NMLS# 671636.
Features
- 12 months construction with interest due monthly on the amount advanced.
- At construction completion, we will provide conversion to a fixed rate term mortgage.
- You choose your own licensed builder/contractor.
- Your builder is funded based on completed and inspected work.
- Draws are normally funded within 24 hours after we receive the inspection report! This is the benefit of working with a community lender that makes decisions locally.
- Mortgage insurance is collected during the construction phase for loans over 80% loan-to-value.
Meet Your Mortgage Lenders
Arundel Bank’s Mortgage Lenders understand that every borrower’s situation is different. They take the time to listen, answer questions, and help you find a mortgage solution that fits your goals.
Mark Westcott
John Berger
Stephanie Fountain
Teresa A. Meley
Tools to help you plan confidently.
Talk With a Mortgage Lender
That’s why we believe the best place to start is with a conversation. Our mortgage team will take the time to understand your goals, walk you through your options, and help you find the right loan for your situation.
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