Baltimore FHA Loan Rates, Closing Costs & Stats

BALTIMORE-COLUMBIA-TOWSON, MD

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Baltimore's 256 lenders originated 18,080 FHA loans during 2021. The total origination value was $5,429,890,000, with an average FHA loan value of $300,326.

Baltimore FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Baltimore averaged 6.58% for the week of 2022-12-02, compared to the national average (all FHA variants) of 6.466% for the same period.

Baltimore's average FHA mortgage closing costs are $8,647.

The average rate for the prior week (2022-11-25) was 6.5% and one month ago for the week of 2022-10-28, the average rate was 6.83%.

The average rate one year ago was 3.57%.

For refis of the same type during the week of 2022-12-02, the average rate was 6.14%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Baltimore FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Baltimore level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
QUICKEN LOANS, LLC 1,234 2.67% $7,028
PENNYMAC LOAN SERVICES, LLC 737 2.91% $6,017
FREEDOM MORTGAGE CORPORATION 728 2.75% $6,439
FIRST HOME MORTGAGE CORPORATION 719 3.18% $10,126
CALIBER HOME LOANS, INC. 610 2.79% $8,162
PRIMARY RESIDENTIAL MORTGAGE, INC. 574 3.47% $10,533
Meridian Bank Corporation 487 2.81% $8,647
Mr. Cooper ( Nationstar Mortgage ) 388 3.06% $5,141
UNITED WHOLESALE MORTGAGE, LLC 383 2.74% $9,460
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 349 3.26% $9,058
LAKEVIEW LOAN SERVICING, LLC 329 2.89% $5,875
NFM, INC. 321 3.18% $9,697
HOMEBRIDGE FINANCIAL SERVICES, INC. 252 2.88% $8,409
HOME POINT FINANCIAL CORPORATION 249 2.78% $9,311
NEWREZ LLC 237 2.92% $6,563
Carrington Mortgage Services, LLC 209 3.21% $8,121
DIRECT MORTGAGE LOANS, LLC 202 3.33% $9,936
HOMESPIRE MORTGAGE CORPORATION 199 3.14% $10,289
Towne Bank 182 2.78% $9,325
Lakeview Community Capital, LLC 175 2.91% $5,748
Prosperity Home Mortgage, LLC 168 3.32% $9,381
Plains Commerce Bank 163 2.80% $9,665
HOMESIDE FINANCIAL, LLC 149 3.12% $9,659
EMBRACE HOME LOANS, INC. 138 3.02% $9,284
AMERICAN FINANCIAL NETWORK, INC. 137 3.21% $16,345
Sierra Pacific Mortgage Company, Inc. 128 2.83% $8,988
Ameris Bank 127 3.16% $9,162
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 125 3.15% $10,334
NVR Mortgage Finance, Inc. 125 3.12% $13,566
Paramount Residential Mortgage Group, Inc. 123 3.52% $11,176
Sandy Spring Bank 122 3.13% $8,665
George Mason Mortgage, LLC 116 2.90% $9,628
SOUTHERN TRUST MORTGAGE, LLC 115 3.14% $5,257
FIDELITY DIRECT MORTGAGE, LLC 114 3.01% $10,131
VILLAGE CAPITAL MORTGAGE 114 2.90% $3,600
GUARANTEED RATE, INC. 112 2.96% $10,012
CROSSCOUNTRY MORTGAGE, LLC 111 3.13% $10,253
1ST FINANCIAL, INC. 110 3.24% $9,661
EAGLE HOME MORTGAGE, LLC 109 3.32% $13,290
LOANDEPOT.COM, LLC 109 3.02% $9,402
BAY CAPITAL MORTGAGE CORPORATION 107 2.76% $9,406
M&T Bank 107 2.83% $8,305
SUN WEST MORTGAGE COMPANY, INC. 102 3.41% $9,651
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 97 3.19% $10,981
NATIONWIDE MORTGAGE BANKERS, INC. 88 3.23% $9,349
PRIMELENDING, A PLAINSCAPITAL COMPANY 87 3.22% $9,252
Residential Mortgage Solutions, Inc. 87 3.03% $8,684
BAYSHORE MORTGAGE FUNDING, LLC 84 3.12% $9,003
OCMBC, INC. 82 3.03% $9,455
MOVEMENT MORTGAGE, LLC 82 3.09% $9,144
InterContinental Capital Group, Inc 81 2.83% $10,407
GUARANTEED RATE AFFINITY, LLC 81 2.88% $9,287
Fulton Bank 79 3.01% $7,789
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 73 2.99% $3,404
DRAPER AND KRAMER MORTGAGE CORP. 71 3.20% $9,367
ACADEMY MORTGAGE CORPORATION 70 2.98% $10,257
CMG MORTGAGE, INC. 69 2.89% $9,467
First Guaranty Mortgage Corporation 69 2.79% $6,969
BROKER SOLUTIONS, INC. 69 3.13% $9,318
APEX HOME LOANS, INC. 67 2.84% $9,147
AmeriHome Mortgage Company, LLC 67 2.89% $5,280
LAND HOME FINANCIAL SERVICES, INC. 66 3.67% $10,969
SWBC MORTGAGE CORPORATION 66 3.11% $8,191
1ST PREFERENCE MORTGAGE CORP. 64 3.10% $8,361
AMERISAVE MORTGAGE CORPORATION 58 2.91% $9,422
Truist 55 2.92% $9,580
RESIDENTIAL HOME FUNDING CORP. 50 3.29% $9,170
NORWICH COMMERCIAL GROUP, INC. 48 3.40% $11,963
PLANET HOME LENDING, LLC 48 2.92% $7,040
RESIDENTIAL MORTGAGE SERVICES, INC. 44 2.97% $9,165
Financial Freedom Mortgage, LLC 44 3.18% $11,053
First Heritage Mortgage, LLC 44 3.13% $10,694
Presidential Bank, FSB 43 2.80% $10,426
First Home Bank 42 3.41% $9,828
The Federal Savings Bank 41 2.85% $10,090
ARK-LA-TEX FINANCIAL SERVICES, LLC. 41 2.79% $9,170
Evolve Bank & Trust 40 3.53% $13,507
PLAZA HOME MORTGAGE, INC. 38 2.96% $10,602
Bank of America 37 2.75% $5,811
EQUITY RESOURCES, INC. 36 3.21% $8,732
PNC Bank 36 2.76% $7,654
Nations Lending Corporation 36 3.12% $9,612
UNIVERSAL MORTGAGE & FINANCE, INC. 34 3.13% $12,088
West Town Bank & Trust 34 2.92% $9,646
First Federal Bank 34 2.99% $10,291
MUTUAL OF OMAHA MORTGAGE, INC. 33 2.93% $9,929
Hometown Lenders, Inc. 32 3.43% $9,736
EMM LOANS LLC 31 3.02% $9,980
MICHIGAN MUTUAL, INC. 30 3.11% $9,878
ABSOLUTE HOME MORTGAGE CORPORATION 30 2.96% $8,465
TJC Mortgage, Inc. 28 2.89% $10,282
Capital Bank 28 2.82% $8,474
T2 FINANCIAL LLC 27 3.94% $9,391
SEVERN SAVINGS BANK, FSB DBA SEVERN BANK 27 2.81% $9,198
MORIA DEVELOPMENT, INC. 26 3.29% $10,510
WesBanco Bank, Inc. 26 3.22% $8,794
First Option Mortgage, LLC 25 3.32% $11,230
Home Mortgage Alliance Corp 24 3.32% $10,901
Florida Capital Bank 24 3.03% $8,995
ENVOY MORTGAGE, LTD 24 3.07% $11,417
CONTOUR MORTGAGE CORPORATION 24 3.18% $9,908
FINANCE OF AMERICA MORTGAGE LLC 23 2.84% $9,071
EagleBank 22 2.81% $10,092
PANORAMA MORTGAGE GROUP, LLC 21 3.45% $9,441
Equity Prime Mortgage LLC 20 3.25% $8,183
C & F Mortgage Corporation 20 2.93% $10,329
Homesale Mortgage, LLC 20 2.78% $8,221
Atlantic Coast Mortgage, LLC 20 3.05% $11,696
US MORTGAGE CORPORATION 20 3.33% $10,189
Vellum Mortgage, Inc. 20 3.13% $10,174
NATIONS DIRECT MORTGAGE, LLC 19 3.17% $12,280
HOMEAMERICAN MORTGAGE CORPORATION 19 2.81% $9,748
THRIVE MORTGAGE, LLC 18 2.86% $9,779
Advisors Mortgage Group, L.L.C. 18 3.17% $9,945
PULTE MORTGAGE LLC 18 3.16% $9,778
Bank of England 17 3.67% $8,344
MCLEAN MORTGAGE CORPORATION 17 2.78% $9,582
RELIANCE FIRST CAPITAL, LLC 17 2.93% $11,445
NP, Inc. 17 3.21% $8,726
AmRes Corporation 16 2.98% $11,565
CHURCHILL MORTGAGE CORPORATION 15 2.68% $10,250
INTERCOASTAL MORTGAGE COMPANY 15 2.93% $10,488
Atlantic Home Loans, Inc. 15 3.18% $9,922
SECURITYNATIONAL MORTGAGE COMPANY 14 3.37% $10,223
MLD MORTGAGE INC. 14 3.09% $9,066
AMERICAN FINANCIAL RESOURCES, INC. 14 3.18% $10,211
DHI MORTGAGE COMPANY, LTD. 12 2.59% $11,032
Gateway First Bank 12 3.55% $7,529
Commerce Home Mortgage, Inc. 12 3.27% $9,329
Blue Ridge Bank 12 3.09% $9,970
UNION HOME MORTGAGE CORP. 12 2.71% $8,790
GUILD MORTGAGE COMPANY 11 3.16% $7,878
Acre Mortgage and Financial Inc 11 3.51% $9,042
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 11 3.07% $15,239
VAN DYK MORTGAGE CORPORATION 11 2.98% $7,437
JPMorgan Chase Bank 10 2.86% $5,266
TIDEWATER MORTGAGE SERVICES, INC. 10 2.96% $8,767
GENEVA FINANCIAL, LLC 10 3.06% $9,122
ALLIED MORTGAGE GROUP, INC. 10 2.80% $12,303
Mortgage Research Center, LLC 9 3.16% $6,850
Citizens Bank 9 2.63% $8,334
ARC HOME LLC 9 2.89% $9,727
OCEANSIDE MORTGAGE COMPANY 9 2.76% $4,700
Hometown Equity Mortgage, LLC 9 3.97% $11,072
MILEND, INC. 9 3.04% $9,572
Waterstone Mortgage Corporation 8 3.42% $9,829
FIRST SAVINGS MORTGAGE CORPORATION 8 2.89% $10,406
Flagstar Bank, FSB 8 2.86% $9,542
THE MORTGAGE LINK, INC. 7 2.89% $8,533
PHH Mortgage Corporation 7 3.41% $6,327
LEADERONE FINANCIAL CORPORATION 7 3.82% $8,930
PARKSIDE LENDING, LLC 7 2.84% $6,966
EVERETT FINANCIAL, INC. 7 3.45% $7,695
MORTGAGE ACCESS CORP. 7 3.21% $9,019
Mortgage Network, Inc. 6 3.19% $10,847
MILLENNIUM FINANCIAL GROUP, INC. 6 2.83% $10,107
LOANPAL, LLC 6 2.88% $9,317
ROUNDPOINT MORTGAGE SERVICING CORPORATION 6 3.42% $7,454
ZILLOW HOME LOANS, LLC 6 2.69% $8,647
CREDIT UNION MORTGAGE ASSOCIATION, INC. 6 2.90% $8,991
Wells Fargo Bank 6 3.15% $6,521
SOVEREIGN LENDING GROUP INCORPORATED 6 2.75% $10,438
STOCKTON MORTGAGE CORPORATION 6 2.75% $9,616
LENDING 3, INC. 6 3.35% $12,781
GSF Mortgage Corporation 6 2.94% $11,052
Credence Funding Corporation 5 2.35% $8,517
Princeton Mortgage Corporation 5 3.15% $9,545
BECKAM FUNDING CORP. 5 3.48% $15,204
DAS Acquisition Company, LLC 5 3.78% $10,341
FIRST COMMUNITY MORTGAGE, INC. 5 3.50% $8,469
Keystone Funding, Inc. 5 3.10% $7,223
Low VA Rates, LLC 5 2.43% $4,509
NETWORK CAPITAL FUNDING CORPORATION 5 3.28% $11,710
North American Savings Bank, F.S.B. 5 2.40% $8,150
Northpointe Bank 5 2.70% $10,376
STEARNS LENDING, LLC 4 2.78% $8,766
First National Bank of Pennsylvania 4 2.72% $8,954
TOWNE MORTGAGE COMPANY 4 3.16% $8,548
CBM Mortgage, Inc. 4 2.94% $9,631
MORTGAGE EQUITY PARTNERS LLC 4 2.94% $10,147
POLARIS HOME FUNDING CORP. 4 3.06% $15,612
Integrity Home Mortgage Corp 4 3.50% $10,294
Prime Choice Funding Inc. 4 2.81% $5,873
Atlantic Union Bank 4 3.22% $11,188
AMERICAN FINANCING CORPORATION 3 3.00% $7,531
LIBERTY HOME MORTGAGE CORPORATION 3 3.04% $10,545
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 3 3.08% $12,742
MID AMERICA MORTGAGE, INC. 3 2.75% $5,916
MORTGAGE SOLUTIONS OF COLORADO, LLC 3 3.54% $11,459
NATIONS RELIABLE LENDING, LLC 3 3.63% $9,067
NMSI, INC. 3 2.67% $9,320
INTERLINC MORTGAGE SERVICES, LLC 3 3.00% $12,694
RESIDENTIAL BANCORP. 3 3.13% $7,344
GUARANTY HOME MORTGAGE CORPORATION 3 2.75% $11,149
GEO-CORP, INC. 3 2.71% $9,819
Colten Mortgage, LLC 2 4.19% $7,199
LOANLEADERS OF AMERICA, INC. 2 3.06% $16,502
CHERRY CREEK MORTGAGE, LLC 2 3.31% $159
Century Mortgage Company DBA Century Lending Company 2 3.25% $9,652
Barrington Bank & Trust Company, N.A. 2 3.00% $8,660
CLEARPATH LENDING 2 2.75% $6,973
Strong Home Mortgage, LLC 2 2.50% $6,945
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 2.38% $12,462
UNITED SECURITY FINANCIAL CORP 2 3.88% $10,938
SUCCESS MORTGAGE PARTNERS, INC. 2 3.38% $8,174
Peoples Bank 2 2.88% $11,493
AMERICAN PACIFIC MORTGAGE CORPORATION 2 2.88% $10,455
MID-ISLAND MORTGAGE CORP. 2 3.19% $4,557
Goldwater Bank, N.A. 2 2.75% $10,597
PIKE CREEK MORTGAGE SERVICES, INC. 2 5.00% $4,917
FM Home Loans, LLC 2 2.94% $9,380
LADERA LENDING, INC. 2 3.31% $11,157
MDE Home Loans, LLC 2 2.25% $13,510
AMERICAN ADVISORS GROUP 2 2.63% $10,089
MANN FINANCIAL INC. 2 4.13% $9,793
THE MORTGAGE FIRM, INC. 2 2.99% $12,148
NATIONWIDE EQUITIES CORPORATION 2 3.00% $8,922
FBC MORTGAGE, LLC 2 2.81% $5,993
TD Bank 1 3.13% $3,188
AMCAP MORTGAGE, LTD. 1 2.75% $9,994
NASA Federal Credit Union 1 2.75% $11,463
KELLER MORTGAGE, LLC 1 3.00% $6,233
CORNERSTONE HOME LENDING, INC. 1 3.25% $9,913
UNITED MORTGAGE CORP. 1 3.00% $8,329
Alcova Mortgage LLC 1 2.25% $5,373
MISSION MORTGAGE LLC 1 3.25% $12,065
U.S. Bank 1 2.75% $9,778
VANDERBILT MORTGAGE AND FINANCE, INC. 1 2.75% $11,848
Mid-Continent Funding, Inc. 1 2.88% $9,897
Dollar Bank, Federal Savings Bank 1 3.00% $5,424
BELEM SERVICING LLC 1 2.88% $9,318
BETTER MORTGAGE CORPORATION 1 2.75% $6,127
PREMIA MORTGAGE, LLC 1 2.63% $7,325
NBKC BANK 1 2.25% $10,340
INLAND BANK & TRUST 1 2.88% $9,699
Huntingdon Valley Bank 1 2.25% $11,384
Axos Bank 1 3.00% $8,770
PENTAGON FEDERAL CREDIT UNION 1 2.88% $7,293
Quontic Bank 1 3.25% $11,435
HomePromise Corporation 1 3.25% $20,893
Magnolia Bank 1 2.88% $12,103
OVM FINANCIAL, INC. 1 2.50% $9,522
ON Q FINANCIAL, INC. 1 2.38% $8,611
INTERCAP LENDING INC. 1 3.13% $10,457
ROYAL UNITED MORTGAGE LLC 1 3.25% $6,679
ANGEL OAK HOME LOANS LLC 1 3.75% $11,584
DEVELOPER'S MORTGAGE COMPANY 1 2.25% $13,494
FAMILY FIRST FUNDING LLC 1 4.25% $10,166
FAY SERVICING, LLC 1 3.13% $6,848
Simmons Bank 1 3.25% $8,906
SIRVA MORTGAGE, INC. 1 3.63% $3,955
SOUTHPOINT FINANCIAL SERVICES, INC. 1 3.75% $7,768
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 2.88% $9,237
JAMES B. NUTTER & COMPANY 1 2.88% $3,846
Wyndham Capital Mortgage, Inc. 1 2.75% $7,995
Colonial Savings, F.A. 1 3.38% $8,648

The top Baltimore FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,234 FHA loans originated. Their average total fees are $7,028, which is $1,010 higher than the next largest lender, PENNYMAC LOAN SERVICES, LLC.

The lowest fee Baltimore FHA lenders (with over 10 loans originated) are STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED ($3,404), VILLAGE CAPITAL MORTGAGE ($3,600), Mr. Cooper ( Nationstar Mortgage ) ($5,141), SOUTHERN TRUST MORTGAGE, LLC ($5,257) and JPMorgan Chase Bank ($5,266).

The lowest rate Baltimore FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (2.59%), QUICKEN LOANS, LLC (2.67%), CHURCHILL MORTGAGE CORPORATION (2.68%), UNION HOME MORTGAGE CORP. (2.71%) and UNITED WHOLESALE MORTGAGE, LLC (2.74%).

Baltimore FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
BALTIMORE-COLUMBIA-TOWSON, MD ANNE ARUNDEL 2022 $583,050 $746,400 $902,250 $1,121,250
BALTIMORE-COLUMBIA-TOWSON, MD BALTIMORE 2022 $583,050 $746,400 $902,250 $1,121,250
BALTIMORE-COLUMBIA-TOWSON, MD CARROLL 2022 $583,050 $746,400 $902,250 $1,121,250
BALTIMORE-COLUMBIA-TOWSON, MD HARFORD 2022 $583,050 $746,400 $902,250 $1,121,250
BALTIMORE-COLUMBIA-TOWSON, MD HOWARD 2022 $583,050 $746,400 $902,250 $1,121,250
BALTIMORE-COLUMBIA-TOWSON, MD QUEEN ANNE'S 2022 $583,050 $746,400 $902,250 $1,121,250
BALTIMORE-COLUMBIA-TOWSON, MD BALTIMORE CITY 2022 $583,050 $746,400 $902,250 $1,121,250

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Baltimore (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $284,950 (5.6%) $382,651 (5.9%) 1.06 8,233
2018-02-01 $284,900 (4.0%) $380,624 (3.4%) 1.03 7,955
2018-03-01 $299,900 (3.6%) $394,123 (3.0%) 1.05 8,627
2018-04-01 $311,945 (4.0%) $402,555 (0.8%) 1.06 9,342
2018-05-01 $322,950 (6.3%) $417,008 (3.2%) 1.08 9,958
2018-06-01 $326,000 (6.9%) $418,642 (2.6%) 1.09 10,254
2018-07-01 $327,250 (7.8%) $418,081 (3.2%) 1.09 10,544
2018-08-01 $324,200 (8.1%) $414,506 (1.3%) 1.09 10,638
2018-09-01 $319,000 (6.3%) $405,144 (-0.7%) 1.07 11,013
2018-10-01 $316,000 (5.4%) $403,109 (0.1%) 1.07 11,136
2018-11-01 $308,500 (4.8%) $395,938 (1.1%) 1.05 10,870
2018-12-01 $299,900 (5.2%) $385,005 (-0.3%) 1.03 9,707
2019-01-01 $299,000 (4.9%) $382,574 (0.0%) 1.03 8,695
2019-02-01 $299,900 (5.3%) $389,395 (2.3%) 1.01 8,295
2019-03-01 $312,757 (4.3%) $409,145 (3.8%) 1.02 8,767
2019-04-01 $329,900 (5.8%) $428,554 (6.5%) 1.05 9,478
2019-05-01 $337,450 (4.5%) $432,665 (3.8%) 1.05 10,133
2019-06-01 $339,995 (4.3%) $434,989 (3.9%) 1.06 10,511
2019-07-01 $337,450 (3.1%) $431,939 (3.3%) 1.06 10,538
2019-08-01 $332,200 (2.5%) $426,446 (2.9%) 1.05 10,421
2019-09-01 $328,150 (2.9%) $422,179 (4.2%) 1.05 10,302
2019-10-01 $324,500 (2.7%) $418,034 (3.7%) 1.05 10,175
2019-11-01 $319,900 (3.7%) $415,658 (5.0%) 1.05 9,606
2019-12-01 $303,123 (1.1%) $407,524 (5.9%) 1.01 8,146
2020-01-01 $305,795 (2.3%) $407,345 (6.5%) 1.02 7,136
2020-02-01 $318,000 (6.0%) $417,491 (7.2%) 1.04 6,767
2020-03-01 $326,450 (4.4%) $428,301 (4.7%) 1.02 6,945
2020-04-01 $325,250 (-1.4%) $429,263 (0.2%) 1.02 6,692
2020-05-01 $340,000 (0.8%) $441,729 (2.1%) 1.03 6,714
2020-06-01 $348,950 (2.6%) $458,908 (5.5%) 1.03 6,241
2020-07-01 $350,000 (3.7%) $469,403 (8.7%) 1.01 5,502
2020-08-01 $347,450 (4.6%) $468,814 (9.9%) 1.00 5,055
2020-09-01 $339,900 (3.6%) $459,261 (8.8%) 0.97 4,993
2020-10-01 $335,000 (3.2%) $463,144 (10.8%) 0.96 4,967
2020-11-01 $325,000 (1.6%) $448,716 (8.0%) 0.95 4,628
2020-12-01 $319,945 (5.6%) $446,943 (9.7%) 0.95 3,960
2021-01-01 $315,000 (3.0%) $448,528 (10.1%) 0.94 3,327
2021-02-01 $310,475 (-2.4%) $455,028 (9.0%) 0.90 2,786
2021-03-01 $324,950 (-0.5%) $451,444 (5.4%) 0.92 2,881
2021-04-01 $329,948 (1.4%) $453,919 (5.7%) 0.89 3,203
2021-05-01 $349,000 (2.7%) $470,049 (6.4%) 0.92 3,548
2021-06-01 $339,950 (-2.6%) $460,592 (0.4%) 0.89 4,001
2021-07-01 $345,000 (-1.4%) $457,952 (-2.4%) 0.91 4,491
2021-08-01 $334,950 (-3.6%) $438,667 (-6.4%) 0.89 4,832
2021-09-01 $334,950 (-1.5%) $438,005 (-4.6%) 0.89 4,855
2021-10-01 $324,900 (-3.0%) $430,260 (-7.1%) 0.87 4,734
2021-11-01 $314,925 (-3.1%) $423,920 (-5.5%) 0.84 4,219
2021-12-01 $309,900 (-3.1%) $424,789 (-5.0%) 0.84 3,506
2022-01-01 $295,000 (-6.4%) $423,399 (-5.6%) 0.80 2,871
2022-02-01 $299,950 (-3.4%) $429,589 (-5.6%) 0.78 2,627
2022-03-01 $324,000 (-0.3%) $457,056 (1.2%) 0.81 2,689
2022-04-01 $329,900 (0.0%) $455,447 (0.3%) 0.79 2,963
2022-05-01 $349,950 (0.3%) $470,140 (0.0%) 0.80 3,521
2022-06-01 $364,000 (7.1%) $483,101 (4.9%) 0.81 4,029
2022-07-01 $359,000 (4.1%) $473,477 (3.4%) 0.81 4,545
2022-08-01 $350,000 (4.5%) $474,415 (8.2%) 0.81 4,670
2022-09-01 $349,000 (4.2%) $467,531 (6.7%) 0.82 4,620
2022-10-01 $342,250 (5.3%) $468,119 (8.8%) 0.81 4,718
2022-11-01 $339,450 (7.8%) $462,008 (9.0%) 0.82 4,617
Baltimore's median listing price for 2022-11-01 was $339,450, a difference of $24,525 (7.8%) versus the prior year and $-2,800 versus the prior month.

Baltimore's median listing price comes in at 82% of the national average.

Baltimore's average listing price for 2022-11-01 was $462,008, a difference of $38,088 (9.0%) versus the prior year and $-6,111 versus the prior month.

For the 2022-11-01 period, Baltimore had 4,617 MLS listings, a difference of -101 listings (-2%) versus the prior month and 398 listings (9%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Baltimore (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 79 days 1,728 sqft
2018-02-01 73 days 1,735 sqft
2018-03-01 47 days 1,760 sqft
2018-04-01 44 days 1,755 sqft
2018-05-01 43 days 1,795 sqft
2018-06-01 45 days 1,860 sqft
2018-07-01 51 days 1,857 sqft
2018-08-01 53 days 1,846 sqft
2018-09-01 55 days 1,820 sqft
2018-10-01 56 days 1,844 sqft
2018-11-01 59 days 1,840 sqft
2018-12-01 69 days 1,812 sqft
2019-01-01 78 days 1,800 sqft
2019-02-01 71 days 1,815 sqft
2019-03-01 55 days 1,865 sqft
2019-04-01 40 days 1,925 sqft
2019-05-01 43 days 1,948 sqft
2019-06-01 47 days 1,960 sqft
2019-07-01 52 days 1,964 sqft
2019-08-01 53 days 1,946 sqft
2019-09-01 55 days 1,933 sqft
2019-10-01 56 days 1,922 sqft
2019-11-01 61 days 1,904 sqft
2019-12-01 73 days 1,880 sqft
2020-01-01 79 days 1,871 sqft
2020-02-01 70 days 1,890 sqft
2020-03-01 44 days 1,914 sqft
2020-04-01 51 days 1,911 sqft
2020-05-01 59 days 1,932 sqft
2020-06-01 52 days 1,948 sqft
2020-07-01 46 days 1,959 sqft
2020-08-01 41 days 1,927 sqft
2020-09-01 36 days 1,872 sqft
2020-10-01 44 days 1,840 sqft
2020-11-01 46 days 1,800 sqft
2020-12-01 54 days 1,778 sqft
2021-01-01 60 days 1,742 sqft
2021-02-01 48 days 1,737 sqft
2021-03-01 37 days 1,774 sqft
2021-04-01 32 days 1,777 sqft
2021-05-01 31 days 1,810 sqft
2021-06-01 31 days 1,772 sqft
2021-07-01 33 days 1,779 sqft
2021-08-01 33 days 1,751 sqft
2021-09-01 37 days 1,752 sqft
2021-10-01 40 days 1,716 sqft
2021-11-01 44 days 1,699 sqft
2021-12-01 50 days 1,690 sqft
2022-01-01 56 days 1,656 sqft
2022-02-01 39 days 1,676 sqft
2022-03-01 33 days 1,720 sqft
2022-04-01 30 days 1,753 sqft
2022-05-01 31 days 1,792 sqft
2022-06-01 31 days 1,831 sqft
2022-07-01 35 days 1,815 sqft
2022-08-01 37 days 1,818 sqft
2022-09-01 42 days 1,800 sqft
2022-10-01 43 days 1,792 sqft
2022-11-01 45 days 1,771 sqft
Baltimore's median listing age (time on market) for 2022-11-01 was 45 days. This is 4% longer than the same period one year ago.

Baltimore's median square footage for active listings during the 2022-11-01 period was 1,771 sqft. One year prior, the average listing was 1,699 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).