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 217 lenders originated 6,859 FHA loans during 2023. The total origination value was $2,107,425,000, with an average FHA loan value of $307,250.

Baltimore FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Baltimore averaged 6.64% for the week of 2024-05-24, compared to the national average (all FHA variants) of 6.746% for the same period.

Baltimore's average FHA mortgage closing costs are $9,424.

The average rate for the prior week (2024-05-17) was 6.93% and one month ago for the week of 2024-04-19, the average rate was 7.05%.

The average rate one year ago was 6.28%.

For refis of the same type during the week of 2024-05-24, the average rate was 6.97%.

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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
QUICKEN LOANS, LLC 523 6.22% $12,869
UNITED WHOLESALE MORTGAGE, LLC 423 6.34% $15,035
NFM, INC. 253 6.84% $13,563
FIRST HOME MORTGAGE CORPORATION 202 6.70% $15,131
Meridian Bank Corporation 195 6.50% $10,265
PRIMARY RESIDENTIAL MORTGAGE, INC. 193 6.77% $14,231
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 176 6.70% $11,755
NVR Mortgage Finance, Inc. 154 5.81% $16,698
NEWREZ LLC 120 6.38% $14,176
FREEDOM MORTGAGE CORPORATION 115 6.75% $15,766
Towne Bank 113 6.28% $12,167
CROSSCOUNTRY MORTGAGE, LLC 97 6.65% $13,855
MOVEMENT MORTGAGE, LLC 94 6.61% $12,131
M&T Bank 93 6.26% $9,925
DIRECT MORTGAGE LOANS, LLC 92 6.96% $12,715
EMBRACE HOME LOANS, INC. 92 6.35% $14,087
Residential Mortgage Solutions, Inc. 91 6.90% $11,186
LOANDEPOT.COM, LLC 90 6.38% $12,060
PENNYMAC LOAN SERVICES, LLC 90 6.12% $14,466
Paramount Residential Mortgage Group, Inc. 88 6.85% $13,626
HOMESPIRE MORTGAGE CORPORATION 86 6.89% $12,080
EAGLE HOME MORTGAGE, LLC 78 6.34% $15,800
Prosperity Home Mortgage, LLC 77 6.63% $12,386
Plains Commerce Bank 73 6.35% $14,732
Sandy Spring Bank 71 6.49% $10,938
FIDELITY DIRECT MORTGAGE, LLC 66 6.92% $13,360
CARDINAL FINANCIAL 65 6.38% $12,757
ARK-LA-TEX FINANCIAL SERVICES, LLC. 61 6.68% $12,271
Mr. Cooper ( Nationstar Mortgage ) 59 6.05% $15,791
BAY CAPITAL MORTGAGE CORPORATION 59 6.39% $13,543
Carrington Mortgage Services, LLC 56 6.36% $14,553
Truist 51 6.23% $13,458
AMERICAN FINANCIAL NETWORK, INC. 50 6.78% $13,108
BROKER SOLUTIONS, INC. 50 6.77% $14,056
NATIONWIDE MORTGAGE BANKERS, INC. 49 6.76% $14,382
Presidential Bank, FSB 49 6.54% $14,311
AMERISAVE MORTGAGE CORPORATION 47 5.97% $13,972
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 45 6.36% $5,247
HOMESIDE FINANCIAL, LLC 45 6.82% $12,886
CHURCHILL MORTGAGE CORPORATION 43 6.47% $13,171
George Mason Mortgage, LLC 42 6.48% $12,725
CALIBER HOME LOANS, INC. 40 6.32% $12,857
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 39 6.66% $14,613
GUILD MORTGAGE COMPANY 38 7.04% $11,338
GUARANTEED RATE, INC. 36 6.36% $13,567
EMM LOANS LLC 34 6.17% $12,998
SWBC MORTGAGE CORPORATION 33 6.80% $11,861
BAY EQUITY LLC 33 6.43% $14,715
OCMBC, INC. 32 6.98% $14,378
PRIMELENDING, A PLAINSCAPITAL COMPANY 32 6.77% $11,993
Sierra Pacific Mortgage Company, Inc. 30 6.42% $13,188
DRAPER AND KRAMER MORTGAGE CORP. 28 6.26% $11,824
CMG MORTGAGE, INC. 28 6.67% $12,283
MORTGAGE EQUITY PARTNERS LLC 28 6.84% $14,601
WesBanco 27 6.63% $9,872
GUARANTEED RATE AFFINITY, LLC 27 6.53% $12,951
Fulton Bank 27 6.36% $11,697
SUN WEST MORTGAGE COMPANY, INC. 27 6.48% $13,194
ENVOY MORTGAGE, LTD 26 6.80% $13,529
DHI MORTGAGE COMPANY, LTD. 25 5.62% $11,481
First Heritage Mortgage, LLC 25 6.48% $12,298
UNIVERSAL MORTGAGE & FINANCE, INC. 25 6.76% $17,048
MUTUAL OF OMAHA MORTGAGE, INC. 24 6.51% $12,754
Shore United Bank 24 6.36% $12,848
LAND HOME FINANCIAL SERVICES, INC. 24 7.02% $13,769
Ameris Bank 23 6.79% $11,574
PNC Bank 23 6.40% $9,445
THE MORTGAGE LINK, INC. 23 6.83% $15,993
Vellum Mortgage, Inc. 22 6.64% $14,628
UNION HOME MORTGAGE CORP. 22 7.01% $14,441
CONTOUR MORTGAGE CORPORATION 22 6.67% $12,188
Keystone Funding, Inc. 22 6.35% $14,027
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 21 6.61% $10,547
BAYSHORE MORTGAGE FUNDING, LLC 21 6.84% $14,218
Equity Prime Mortgage LLC 19 6.68% $15,252
MICHIGAN MUTUAL, INC. 19 6.40% $16,081
Mortgage Research Center, LLC 18 7.01% $6,678
PLANET HOME LENDING, LLC 17 5.87% $13,548
ACADEMY MORTGAGE CORPORATION 17 6.59% $13,844
CHERRY CREEK MORTGAGE, LLC 17 6.82% $3,910
PULTE MORTGAGE LLC 17 5.71% $10,733
T2 FINANCIAL LLC 17 7.15% $10,618
C & F Mortgage Corporation 16 6.15% $7,470
MY MORTGAGE, INC. 16 6.90% $10,687
Atlantic Coast Mortgage, LLC 16 6.36% $11,840
Flagstar Bank, FSB 16 6.48% $10,660
VILLAGE CAPITAL MORTGAGE 16 6.19% $12,326
NORWICH COMMERCIAL GROUP, INC. 16 6.24% $15,775
RELIANCE FIRST CAPITAL, LLC 15 6.24% $16,362
ABSOLUTE HOME MORTGAGE CORPORATION 15 6.72% $13,373
LAKEVIEW LOAN SERVICING, LLC 15 6.31% $12,711
PLAZA HOME MORTGAGE, INC. 15 6.31% $14,006
1ST FINANCIAL, INC. 14 6.60% $14,749
HOMEBRIDGE FINANCIAL SERVICES, INC. 14 6.79% $12,314
SUCCESS MORTGAGE PARTNERS, INC. 12 6.91% $12,616
AmRes Corporation 12 6.86% $14,937
The Federal Savings Bank 12 6.77% $16,271
American Mortgage & Equity Consultants, Inc. 11 6.83% $12,682
SOUTHERN TRUST MORTGAGE, LLC 10 6.51% $11,179
BECKAM FUNDING CORP. 10 7.04% $21,061
PENTAGON FEDERAL CREDIT UNION 10 5.98% $12,131
TJC Mortgage, Inc. 10 6.91% $12,507
TOWNE MORTGAGE COMPANY 9 6.58% $10,228
Wells Fargo Bank 9 6.35% $12,188
DAS Acquisition Company, LLC 9 6.92% $16,308
TOP FLITE FINANCIAL, INC. 8 7.16% $11,695
Evolve Bank & Trust 8 7.31% $15,547
LOANPAL, LLC 8 5.80% $15,405
PHH Mortgage Corporation 8 6.20% $10,480
NATIONS DIRECT MORTGAGE, LLC 8 6.11% $12,656
Homesale Mortgage, LLC 8 6.69% $11,530
ARC HOME LLC 8 6.78% $16,554
First Option Mortgage, LLC 7 6.84% $15,509
Nations Lending Corporation 7 6.36% $16,008
Lakeview Community Capital, LLC 7 6.70% $8,335
Bank of America 7 7.07% $10,148
Citizens Bank 7 6.23% $13,193
EVERETT FINANCIAL, INC. 7 6.64% $13,026
LIBERTY HOME MORTGAGE CORPORATION 6 7.10% $10,537
RADIUS FINANCIAL GROUP INC. 6 7.56% $14,745
INTERLINC MORTGAGE SERVICES, LLC 6 6.46% $13,253
Watermark Capital, Inc. 6 6.87% $15,406
JPMorgan Chase Bank 6 6.91% $7,645
FIRST ALLIANCE HOME MORTGAGE, LLC 6 6.65% $16,197
EQUITY RESOURCES, INC. 6 6.77% $11,222
INTERCOASTAL MORTGAGE COMPANY 6 6.48% $15,516
TD Bank 6 6.46% $8,991
HOMEAMERICAN MORTGAGE CORPORATION 6 5.71% $11,380
ZILLOW HOME LOANS, LLC 5 6.90% $10,015
GENEVA FINANCIAL, LLC 5 7.10% $10,893
MID AMERICA MORTGAGE, INC. 5 7.20% $19,337
FIRST SAVINGS MORTGAGE CORPORATION 5 6.70% $12,227
First Federal Bank 5 6.20% $23,644
FIRST COMMUNITY MORTGAGE, INC. 5 7.20% $11,731
Century Mortgage Company DBA Century Lending Company 5 6.18% $13,928
AMERICAN FINANCIAL RESOURCES, INC. 5 6.45% $12,762
VAN DYK MORTGAGE CORPORATION 5 6.43% $11,095
Waterstone Mortgage Corporation 5 6.53% $12,902
TIDEWATER MORTGAGE SERVICES, INC. 4 6.59% $15,839
First National Bank of Pennsylvania 4 6.31% $12,671
NATIONS RELIABLE LENDING, LLC 4 7.09% $14,784
U.S. Bank 4 6.53% $9,967
NBKC BANK 4 6.25% $12,396
Blue Ridge Bank 4 6.72% $13,349
THRIVE MORTGAGE, LLC 3 7.54% $14,110
LOANLEADERS OF AMERICA, INC. 3 5.46% $13,881
Florida Capital Bank 3 6.71% $11,770
Encompass Lending Group, LP 3 6.79% $15,812
MILEND, INC. 3 6.25% $14,695
Capital Bank 3 6.88% $10,011
MORIA DEVELOPMENT, INC. 3 6.33% $13,986
CREDIT UNION MORTGAGE ASSOCIATION, INC. 3 6.50% $11,694
Alcova Mortgage LLC 3 7.25% $7,858
NETWORK CAPITAL FUNDING CORPORATION 3 5.50% $15,765
CBM Mortgage, Inc. 3 6.58% $13,260
Cornerstone First Mortgage, Inc 3 7.42% $14,071
Integrity Home Mortgage Corp 3 7.13% $15,677
CITY FIRST MORTGAGE SERVICES, L.L.C. 3 7.00% $14,625
ALLIED MORTGAGE GROUP, INC. 3 5.96% $13,134
US MORTGAGE CORPORATION 2 6.00% $11,315
PANORAMA MORTGAGE GROUP, LLC 2 6.94% $15,244
MLD MORTGAGE INC. 2 6.69% $10,283
MLB RESIDENTIAL LENDING, LLC 2 6.75% $21,675
PIKE CREEK MORTGAGE SERVICES, INC. 2 7.12% $14,308
Credence Funding Corporation 2 5.63% $9,460
POLARIS HOME FUNDING CORP. 2 6.69% $9,619
MILLENNIUM FINANCIAL GROUP, INC. 2 6.25% $16,266
RESIDENTIAL BANCORP 2 6.50% $9,757
Barrington Bank & Trust Company, N.A. 2 6.50% $9,921
Strong Home Mortgage, LLC 2 6.44% $11,612
Franklin Loan Corporation 2 5.44% $18,576
Bank of England 2 6.00% $10,684
Loan Simple, Inc. 2 6.81% $17,614
LEGEND LENDING CORPORATION 2 6.44% $12,076
GSF Mortgage Corporation 2 6.38% $16,128
AMERICAN PACIFIC MORTGAGE CORPORATION 2 6.94% $14,961
Financial Freedom Mortgage, LLC 2 6.25% $11,167
ROYAL UNITED MORTGAGE LLC 1 6.75% $21,000
BETTER MORTGAGE CORPORATION 1 5.63% $17,817
OCEANSIDE MORTGAGE COMPANY 1 7.13% $3,954
BAY-VALLEY MORTGAGE GROUP 1 6.25% $9,848
NP, Inc. 1 5.99% $14,946
Acre Mortgage and Financial Inc 1 5.75% $15,999
Stifel Bank and Trust 1 6.75% $9,269
NEW DAY FINANCIAL, LLC 1 6.75% $10,706
Victorian Finance, LLC 1 5.63% $7,583
Summit Community Bank, Inc. 1 6.63% $4,727
SUMMIT FUNDING, INC. 1 6.13% $15,140
A&D Mortgage LLC 1 7.00% $31,151
MDE Home Loans, LLC 1 5.75% $9,991
GUARANTY HOME MORTGAGE CORPORATION 1 6.75% $8,105
MORTGAGE ACCESS CORP. 1 7.63% $8,864
LENDING 3, INC. 1 7.25% $4,558
The Freedom Bank of Virginia 1 6.13% $13,200
NASA Federal Credit Union 1 5.63% $13,662
Northpointe Bank 1 5.75% $8,119
NJ LENDERS CORP. 1 7.13% $7,345
GEO-CORP, INC. 1 7.00% $10,405
NATION ONE MORTGAGE CORPORATION 1 7.25% $15,194
TOTAL MORTGAGE SERVICES, LLC 1 7.75% $15,044
Fifth Third Bank 1 6.88% $7,175
Kwik Mortgage Corporation 1 7.13% $8,694
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 1 6.75% $13,529
JAMS-01, INC. 1 7.00% $5,943
AMCAP MORTGAGE, LTD. 1 7.13% $11,959
MORTGAGEONE, INC. 1 6.75% $12,354
MK LENDING CORP. 1 6.50% $9,315
Citibank 1 5.75% $13,299
Princeton Mortgage Corporation 1 7.25% $9,097
Commerce Home Mortgage, Inc. 1 6.38% $17,729
CORNERSTONE HOME LENDING, INC. 1 6.25% $22,020
ONY GLO, INC. 1 5.88% $5,042
MORTGAGE SOLUTIONS OF COLORADO, LLC 1 6.75% $21,773
CALCON MUTUAL MORTGAGE LLC 1 7.25% $5,449
NEW FED MORTGAGE, CORP. 1 7.75% $10,312
RESIDENTIAL HOME FUNDING CORP. 1 5.75% $16,319
EagleBank 1 6.63% $17,154

The top Baltimore FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 523 FHA loans originated. Their average total fees are $12,869, which is $2,166 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Baltimore FHA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($3,910), STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED ($5,247), Mortgage Research Center, LLC ($6,678), C & F Mortgage Corporation ($7,470) and PNC Bank ($9,445).

The lowest rate Baltimore FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.62%), PULTE MORTGAGE LLC (5.71%), NVR Mortgage Finance, Inc. (5.81%), PLANET HOME LENDING, LLC (5.87%) and AMERISAVE MORTGAGE CORPORATION (5.97%).

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
BALTIMORE-COLUMBIA-TOWSON, MD ANNE ARUNDEL 2023 $632,500 $809,700 $978,750 $1,216,350
BALTIMORE-COLUMBIA-TOWSON, MD BALTIMORE 2023 $632,500 $809,700 $978,750 $1,216,350
BALTIMORE-COLUMBIA-TOWSON, MD CARROLL 2023 $632,500 $809,700 $978,750 $1,216,350
BALTIMORE-COLUMBIA-TOWSON, MD HARFORD 2023 $632,500 $809,700 $978,750 $1,216,350
BALTIMORE-COLUMBIA-TOWSON, MD HOWARD 2023 $632,500 $809,700 $978,750 $1,216,350
BALTIMORE-COLUMBIA-TOWSON, MD QUEEN ANNE'S 2023 $632,500 $809,700 $978,750 $1,216,350
BALTIMORE-COLUMBIA-TOWSON, MD BALTIMORE CITY 2023 $632,500 $809,700 $978,750 $1,216,350

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 $284,973 (5.6%) $383,002 (5.9%) 1.06 8,252
2018-02-01 $284,998 (3.7%) $380,887 (3.4%) 1.03 7,973
2018-03-01 $299,900 (3.5%) $394,407 (3.0%) 1.05 8,646
2018-04-01 $312,400 (4.2%) $402,821 (0.7%) 1.06 9,360
2018-05-01 $324,225 (6.3%) $417,124 (3.2%) 1.08 9,971
2018-06-01 $326,990 (6.3%) $418,722 (2.5%) 1.09 10,270
2018-07-01 $327,450 (7.4%) $418,130 (3.2%) 1.09 10,558
2018-08-01 $324,450 (7.6%) $414,530 (1.3%) 1.09 10,655
2018-09-01 $319,000 (5.3%) $405,145 (-0.8%) 1.07 11,036
2018-10-01 $316,500 (5.5%) $403,186 (0.0%) 1.07 11,156
2018-11-01 $309,450 (4.9%) $396,119 (1.1%) 1.05 10,888
2018-12-01 $299,900 (5.2%) $385,311 (-0.3%) 1.03 9,732
2019-01-01 $299,250 (5.0%) $382,892 (0.0%) 1.03 8,717
2019-02-01 $299,900 (5.2%) $389,695 (2.3%) 1.01 8,315
2019-03-01 $312,757 (4.3%) $409,327 (3.8%) 1.02 8,779
2019-04-01 $329,900 (5.6%) $428,588 (6.4%) 1.05 9,486
2019-05-01 $337,900 (4.2%) $432,894 (3.8%) 1.06 10,145
2019-06-01 $339,999 (4.0%) $435,245 (4.0%) 1.06 10,520
2019-07-01 $337,450 (3.1%) $431,993 (3.3%) 1.06 10,543
2019-08-01 $332,200 (2.4%) $426,467 (2.9%) 1.05 10,424
2019-09-01 $328,150 (2.9%) $422,182 (4.2%) 1.05 10,303
2019-10-01 $324,500 (2.5%) $418,036 (3.7%) 1.05 10,173
2019-11-01 $319,900 (3.4%) $415,653 (4.9%) 1.05 9,604
2019-12-01 $302,995 (1.0%) $407,509 (5.8%) 1.01 8,144
2020-01-01 $305,600 (2.1%) $407,330 (6.4%) 1.02 7,135
2020-02-01 $317,500 (5.9%) $417,428 (7.1%) 1.04 6,767
2020-03-01 $326,000 (4.2%) $428,267 (4.6%) 1.02 6,941
2020-04-01 $325,000 (-1.5%) $429,221 (0.2%) 1.02 6,689
2020-05-01 $340,000 (0.6%) $441,696 (2.0%) 1.03 6,711
2020-06-01 $348,250 (2.4%) $458,793 (5.4%) 1.03 6,239
2020-07-01 $350,000 (3.7%) $469,340 (8.7%) 1.01 5,505
2020-08-01 $347,200 (4.5%) $468,701 (9.9%) 0.99 5,055
2020-09-01 $339,900 (3.6%) $459,242 (8.8%) 0.97 4,998
2020-10-01 $335,000 (3.2%) $462,994 (10.8%) 0.96 4,972
2020-11-01 $325,000 (1.6%) $448,779 (8.0%) 0.95 4,636
2020-12-01 $319,950 (5.6%) $447,043 (9.7%) 0.95 3,969
2021-01-01 $318,375 (4.2%) $448,724 (10.2%) 0.95 3,334
2021-02-01 $312,450 (-1.6%) $455,132 (9.0%) 0.91 2,791
2021-03-01 $324,995 (-0.3%) $451,524 (5.4%) 0.92 2,885
2021-04-01 $329,995 (1.5%) $454,067 (5.8%) 0.89 3,205
2021-05-01 $349,000 (2.7%) $470,002 (6.4%) 0.93 3,549
2021-06-01 $339,950 (-2.4%) $460,627 (0.4%) 0.89 4,004
2021-07-01 $345,000 (-1.4%) $457,978 (-2.4%) 0.91 4,496
2021-08-01 $334,950 (-3.5%) $438,698 (-6.4%) 0.89 4,840
2021-09-01 $334,950 (-1.5%) $438,167 (-4.6%) 0.89 4,860
2021-10-01 $324,900 (-3.0%) $430,277 (-7.1%) 0.87 4,741
2021-11-01 $314,950 (-3.1%) $424,023 (-5.5%) 0.84 4,221
2021-12-01 $309,950 (-3.1%) $425,042 (-4.9%) 0.84 3,505
2022-01-01 $295,700 (-7.1%) $423,368 (-5.7%) 0.80 2,872
2022-02-01 $299,950 (-4.0%) $429,741 (-5.6%) 0.78 2,627
2022-03-01 $324,850 (0.0%) $457,825 (1.4%) 0.81 2,690
2022-04-01 $329,900 (0.0%) $456,137 (0.5%) 0.79 2,964
2022-05-01 $349,950 (0.3%) $470,734 (0.2%) 0.80 3,523
2022-06-01 $364,950 (7.4%) $483,536 (5.0%) 0.81 4,029
2022-07-01 $359,000 (4.1%) $474,485 (3.6%) 0.81 4,546
2022-08-01 $350,000 (4.5%) $474,787 (8.2%) 0.81 4,665
2022-09-01 $348,625 (4.1%) $467,747 (6.8%) 0.82 4,612
2022-10-01 $340,000 (4.7%) $468,235 (8.8%) 0.80 4,713
2022-11-01 $339,700 (7.9%) $462,688 (9.1%) 0.82 4,612
2022-12-01 $329,997 (6.5%) $450,341 (6.0%) 0.81 4,058
2023-01-01 $319,988 (8.2%) $446,060 (5.4%) 0.79 3,601
2023-02-01 $323,250 (7.8%) $459,861 (7.0%) 0.78 3,225
2023-03-01 $348,125 (7.2%) $481,090 (5.1%) 0.82 3,062
2023-04-01 $340,000 (3.1%) $485,090 (6.4%) 0.79 3,149
2023-05-01 $350,000 (0.0%) $493,918 (4.9%) 0.79 3,223
2023-06-01 $365,250 (0.1%) $512,972 (6.1%) 0.82 3,293
2023-07-01 $374,900 (4.4%) $510,765 (7.7%) 0.85 3,412
2023-08-01 $377,450 (7.8%) $507,324 (6.9%) 0.87 3,490
2023-09-01 $370,000 (6.1%) $508,671 (8.8%) 0.86 3,859
2023-10-01 $367,450 (8.1%) $504,970 (7.9%) 0.86 4,159
2023-11-01 $358,348 (5.5%) $484,979 (4.8%) 0.85 4,330
2023-12-01 $345,000 (4.6%) $469,178 (4.2%) 0.84 3,864
2024-01-01 $327,500 (2.4%) $469,492 (5.3%) 0.80 3,434
2024-02-01 $329,500 (1.9%) $474,953 (3.3%) 0.79 3,302
2024-03-01 $335,000 (-3.8%) $488,354 (1.5%) 0.79 3,417
2024-04-01 $352,225 (3.6%) $510,510 (5.2%) 0.82 3,630
Baltimore's median listing price for 2024-04-01 was $352,225, a difference of $12,225 (3.6%) versus the prior year and $17,225 versus the prior month.

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

Baltimore's average listing price for 2024-04-01 was $510,510, a difference of $25,420 (5.2%) versus the prior year and $22,156 versus the prior month.

For the 2024-04-01 period, Baltimore had 3,630 MLS listings, a difference of 213 listings (6%) versus the prior month and 481 listings (15%) 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 74 days 1,752 sqft
2018-02-01 67 days 1,764 sqft
2018-03-01 43 days 1,784 sqft
2018-04-01 41 days 1,783 sqft
2018-05-01 39 days 1,815 sqft
2018-06-01 44 days 1,863 sqft
2018-07-01 47 days 1,860 sqft
2018-08-01 51 days 1,848 sqft
2018-09-01 52 days 1,823 sqft
2018-10-01 52 days 1,844 sqft
2018-11-01 56 days 1,843 sqft
2018-12-01 65 days 1,815 sqft
2019-01-01 72 days 1,800 sqft
2019-02-01 66 days 1,815 sqft
2019-03-01 50 days 1,862 sqft
2019-04-01 38 days 1,922 sqft
2019-05-01 40 days 1,948 sqft
2019-06-01 45 days 1,956 sqft
2019-07-01 50 days 1,960 sqft
2019-08-01 51 days 1,944 sqft
2019-09-01 51 days 1,931 sqft
2019-10-01 52 days 1,920 sqft
2019-11-01 59 days 1,902 sqft
2019-12-01 69 days 1,878 sqft
2020-01-01 75 days 1,870 sqft
2020-02-01 63 days 1,888 sqft
2020-03-01 40 days 1,914 sqft
2020-04-01 48 days 1,910 sqft
2020-05-01 56 days 1,932 sqft
2020-06-01 48 days 1,949 sqft
2020-07-01 41 days 1,960 sqft
2020-08-01 37 days 1,923 sqft
2020-09-01 32 days 1,872 sqft
2020-10-01 41 days 1,838 sqft
2020-11-01 44 days 1,800 sqft
2020-12-01 51 days 1,777 sqft
2021-01-01 57 days 1,741 sqft
2021-02-01 43 days 1,733 sqft
2021-03-01 34 days 1,775 sqft
2021-04-01 30 days 1,777 sqft
2021-05-01 30 days 1,810 sqft
2021-06-01 30 days 1,772 sqft
2021-07-01 31 days 1,778 sqft
2021-08-01 32 days 1,751 sqft
2021-09-01 36 days 1,751 sqft
2021-10-01 39 days 1,710 sqft
2021-11-01 42 days 1,697 sqft
2021-12-01 48 days 1,687 sqft
2022-01-01 52 days 1,650 sqft
2022-02-01 37 days 1,663 sqft
2022-03-01 31 days 1,714 sqft
2022-04-01 29 days 1,740 sqft
2022-05-01 30 days 1,790 sqft
2022-06-01 31 days 1,824 sqft
2022-07-01 34 days 1,807 sqft
2022-08-01 36 days 1,811 sqft
2022-09-01 41 days 1,798 sqft
2022-10-01 42 days 1,786 sqft
2022-11-01 45 days 1,769 sqft
2022-12-01 51 days 1,746 sqft
2023-01-01 57 days 1,741 sqft
2023-02-01 49 days 1,758 sqft
2023-03-01 43 days 1,800 sqft
2023-04-01 36 days 1,812 sqft
2023-05-01 36 days 1,824 sqft
2023-06-01 36 days 1,857 sqft
2023-07-01 37 days 1,856 sqft
2023-08-01 37 days 1,867 sqft
2023-09-01 37 days 1,855 sqft
2023-10-01 37 days 1,839 sqft
2023-11-01 39 days 1,818 sqft
2023-12-01 46 days 1,774 sqft
2024-01-01 53 days 1,748 sqft
2024-02-01 44 days 1,752 sqft
2024-03-01 36 days 1,760 sqft
2024-04-01 36 days 1,808 sqft
Baltimore's median listing age (time on market) for 2024-04-01 was 36 days. This is -1% shorter than the same period one year ago.

Baltimore's median square footage for active listings during the 2024-04-01 period was 1,808 sqft. One year prior, the average listing was 1,812 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).