Short-term rentals in Ocean City, MD: rules, lenders and rates
The local STR rule from Town of Ocean City, MD's own page, the DSCR lenders that publish coverage in Maryland, and what investors paid in Worcester County in 2025.
- STR status
- License required
- Lenders in MD
- 22
- Median note rate, 2025
- 7.249%
Town of Ocean City, MD
16 list MD · 6 licensed
38 DSCR-style loans
Short-term rental rules License required
Town of Ocean City, MD. An annual rental license and Noise Control Permit are required. Rentals of 30 consecutive days or fewer also need a Short-Term Rental Housing Unit License.
Source: oceancitymd.gov · checked Oct 19, 2026
This covers only Town of Ocean City, MD, not every town in Worcester County or the wider Ocean City area. Neighboring cities, the county, HOAs and condo associations can have their own rules. Check with the jurisdiction for the exact address before you go under contract.
What investors paid in Worcester County, 2025
- Median note rate7.249%
- Middle 50% paid (25th–75th pct)6.875%–8.844%
- DSCR-style loans38
Public HMDA records for all of Worcester County, including long-term rentals. Note rates at closing, not today's quotes.
DSCR math Example only
An illustrative loan, not a quote and not a typical price for Ocean City, MD: $400,000 at 75% LTV (an implied $533,333 price), 30-year amortization at the Worcester County 2025 median of 7.249%.
- Monthly principal & interest$2,728
- Gross monthly rent for DSCR 1.00$2,728
- Gross monthly rent for DSCR 1.25$3,411
DSCR here is rent ÷ P&I only. Taxes, insurance and HOA dues are excluded; most lenders include them, which raises the rent you need. Many lenders also discount STR income.
DSCR lenders that lend in Maryland
16 lenders list Maryland in their published coverage; 6 more publish only their license list, which includes MD. Coverage is statewide; whether a lender will finance a short-term rental at a specific address is up to the lender. “Not published” means the lender doesn't publish that figure.
| Lender | MD coverage | STR income method | Min DSCR | Max LTV (purchase) |
|---|---|---|---|---|
| 1st Nationwide Mortgage | Yes | Either | 1.00 | 80% |
| Acra Lending | Yes | 12-month history | Not published | 75% |
| America Mortgages | Yes | Either | Not published | 80% |
| Certain Lending | Yes | Either | Not published | 75% |
| CoreVest Finance | Yes | Not published | Not published | 70% |
| Defy Mortgage | Yes | Either | 0.75 | 85% |
| Dominion Financial | Yes | Not published | Not published | 80% |
| Easy Lending USA | Yes | Either | 1.00 | 85% |
| Easy Street Capital | Yes | Either | Not published | 80% |
| Griffin Funding | Yes | Either | Not published | 85% |
| Kiavi | Yes | Not published | 0.80 | 80% |
| LendingOne | Yes | Not published | 0.75 | 80% |
| Lima One Capital | Yes | Projection | 1.30 | 75% |
| New Silver | Yes | Either | 1.15 | 80% |
| Quickline Capital | Yes | Projection | 0.75 | 80% |
| Visio Lending | Yes | Either | Not published | 85% |
| A&D Mortgage | Licensed there | Either | Not published | 80% |
| Angel Oak Mortgage Solutions | Licensed there | Projection | Not published | 85% |
| LendSure Mortgage | Licensed there | Either | 0.75 | 85% |
| Newfi Wholesale | Licensed there | Either | 1.00 | 80% |
| NQM Funding | Licensed there | 12-month history | Not published | Not published |
| theLender | Licensed there | Projection | Not published | 85% |
Figures come from each lender's own pages, with a source and check date on the lender's page. Compare more terms on the lender matcher.
More markets: all 24 STR markets · real rates by county · STR DSCR loans by state
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Lender lists
- Where the 10-year Treasury moved and what it means for STR loan pricing
- Lender term changes flagged on the lenders' own pages
- A short, plain-English STR financing explainer
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Not a lender or broker. No referral fees. For education only. Figures come from each lender's public pages on the date shown and can change without notice, so verify them with the lender. Rates are estimates, not quotes. How we source data.