Population
6,164,660
Average Household Income
$120,234
Jason Bochniak
Producing Branch Manager
Galena, MD
Licensed in MD, DE, PA, NJ & VA
NMLS #169092
Trusted Mortgage Lender in Maryland
Customized home loans tailored for Maryland buyers, with local service and national strength.
Born in New England, Built to Serve Maryland
Financing a home in Maryland can be an excellent investment, but it is important to choose the right mortgage lender in Maryland to ensure that you get the best possible terms and conditions for your loan. There are many factors to consider when financing a home in Maryland, including interest rates, loan terms, and down payment requirements. Working with a reputable mortgage lender in Maryland, like NewFed Mortgage Corp., can make the process easier and more streamlined, as they have the expertise and experience needed to guide you through the homebuying process. NewFed Mortgage Corp. offers a variety of loan programs, including conventional, FHA, VA, and USDA loans, which means that they can help borrowers find the right financing solution for their unique needs. Additionally, they are committed to providing exceptional customer service and support throughout the life of your loan, which can provide peace of mind and help you achieve your homeownership goals in Maryland.
Maryland is a small state, but it offers a diverse range of communities and neighborhoods to suit different preferences. One of the best places to live in Maryland is Bethesda, an affluent community located just outside of Washington, DC. Bethesda offers a high quality of life, with excellent schools, a lively downtown area, and easy access to some of the region’s top cultural and recreational attractions.
Danvers Branch
Reading Branch
North Andover Branch
Galena Branch
Maryland at a Glance
Maryland Mortgage & Housing Market Insights
Median Household Income
According to the U.S. Census Bureau, the median household income in Maryland is $99,858. Don't let that deter you from exploring financing. We have several programs that can help you save.
Median Home Price
Zillow reports that the average home value in Maryland is $628,654, reflecting a 5.1% increase over the past year.
Affordability Index
Research indicates that the median household income as a percentage of home value is 15%. While this suggests that housing affordability is a significant challenge here, we can help!
Financed Property Types
The most commonly financed property types in Maryland continues to be single-family and multi-family homes.
Mortgage Options for Maryland Homebuyers
Conventional Loans
Best for people with steady income and good credit who want low-interest rates.
VA Loans
A top choice for veterans, active military, and their families to buy a home with no down payment.
USDA Loans
Best for people buying a home in the country, with no down payment and low costs.
Reverse Mortgages
A good choice for older homeowners who want to get money from their home without selling it.
Non-Conventional Loans
A good option for people who don’t qualify for regular home loans but need a special loan.
HELOC Loans
Lets homeowners use the value of their home to get money for projects or bills.
FHA Loans
A smart pick for first-time homebuyers or people with lower credit who need a small down payment.
Ask Us About MassHousing
Partnered with MassHousing, we can offer eligible homebuyers additional savings on their home purchase. Speak to one of our Maryland loan officers to learn more and discuss your eligibility.
Mortgage Pricing & Affordability Calculators
Crunch some numbers to see what options you may have. These calculators are a great way to start exploring your possibilities. To get a true loan estimate, reach out to one of our mortgage loan officers! We will get you pre-approved and shopping with confidence.
Five Things to Know When Starting the Homebuying Process
Just getting started on your homebuying journey? Our free guide, 5 Things to Know When Starting the Homebuying Process, is packed with expert tips to help you feel confident and prepared from day one. Learn how to get pre-approved, understand hidden costs, act fast in competitive markets, and more. Download your copy today and take the first step toward smart, stress-free homeownership with NewFed Mortgage by your side.
Why More Maryland Buyers Choose NewFed Mortgage
- Fast closings (39% faster than industry average)
- Local loan officers across the state
- Modern (and mobile-friendly) tech + personal support
- 20+ years of local mortgage lending
- Family-owned, Chelsea-based roots
- Named A Top Place to Work by The Boston Globe (2024)
