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 239 lenders originated 9,290 FHA loans during 2022. The total origination value was $2,754,640,000, with an average FHA loan value of $296,517.

Baltimore FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Baltimore averaged 6.53% for the week of 2023-12-01, compared to the national average (all FHA variants) of 6.949% for the same period.

Baltimore's average FHA mortgage closing costs are $9,032.

The average rate for the prior week (2023-11-24) was 6.74% and one month ago for the week of 2023-10-27, the average rate was 7.25%.

The average rate one year ago was 6.16%.

For refis of the same type during the week of 2023-12-01, the average rate was 5.28%.

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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
QUICKEN LOANS, LLC 616 4.39% $10,734
UNITED WHOLESALE MORTGAGE, LLC 429 4.89% $11,755
FIRST HOME MORTGAGE CORPORATION 354 5.12% $13,005
PRIMARY RESIDENTIAL MORTGAGE, INC. 326 5.23% $12,854
NFM, INC. 310 5.28% $11,336
CALIBER HOME LOANS, INC. 278 4.59% $11,613
Meridian Bank Corporation 269 4.69% $9,462
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 266 5.18% $9,935
PENNYMAC LOAN SERVICES, LLC 214 3.95% $9,373
FREEDOM MORTGAGE CORPORATION 193 4.66% $10,728
Plains Commerce Bank 179 4.94% $12,193
LOANDEPOT.COM, LLC 144 4.58% $11,054
Towne Bank 141 4.69% $10,660
Paramount Residential Mortgage Group, Inc. 139 5.27% $13,400
CARDINAL FINANCIAL 137 4.83% $12,965
Mr. Cooper ( Nationstar Mortgage ) 136 4.20% $10,863
DIRECT MORTGAGE LOANS, LLC 136 5.40% $12,197
NVR Mortgage Finance, Inc. 124 4.58% $16,174
CROSSCOUNTRY MORTGAGE, LLC 105 5.07% $12,514
HOMESPIRE MORTGAGE CORPORATION 101 5.17% $12,589
HOME POINT FINANCIAL CORPORATION 100 4.30% $11,314
Carrington Mortgage Services, LLC 95 4.64% $10,754
M&T Bank 93 4.63% $8,559
EMBRACE HOME LOANS, INC. 87 4.98% $11,588
Sandy Spring Bank 87 4.98% $10,040
Prosperity Home Mortgage, LLC 75 5.28% $12,605
HOMESIDE FINANCIAL, LLC 75 5.00% $10,648
FIDELITY DIRECT MORTGAGE, LLC 74 5.04% $12,966
NEWREZ LLC 70 4.90% $10,156
AMERISAVE MORTGAGE CORPORATION 67 4.87% $11,862
CHERRY CREEK MORTGAGE, LLC 67 5.53% $4,262
STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 67 4.73% $4,004
BAY CAPITAL MORTGAGE CORPORATION 66 4.89% $11,074
GUARANTEED RATE, INC. 66 4.75% $12,480
HOMEBRIDGE FINANCIAL SERVICES, INC. 65 4.59% $12,170
BROKER SOLUTIONS, INC. 61 5.09% $10,963
PRIMELENDING, A PLAINSCAPITAL COMPANY 59 4.90% $11,468
GUARANTEED RATE AFFINITY, LLC 58 4.92% $10,587
George Mason Mortgage, LLC 57 4.82% $10,956
LAKEVIEW LOAN SERVICING, LLC 57 3.76% $7,278
MY MORTGAGE, INC. 53 4.80% $11,331
Sierra Pacific Mortgage Company, Inc. 53 4.36% $10,383
Ameris Bank 52 4.84% $11,081
MOVEMENT MORTGAGE, LLC 51 4.91% $11,483
NATIONWIDE MORTGAGE BANKERS, INC. 50 5.94% $11,912
ACADEMY MORTGAGE CORPORATION 49 5.22% $13,193
Truist 47 4.44% $11,253
EAGLE HOME MORTGAGE, LLC 45 4.86% $17,461
CMG MORTGAGE, INC. 44 4.95% $12,267
Residential Mortgage Solutions, Inc. 43 5.47% $10,661
BAYSHORE MORTGAGE FUNDING, LLC 43 5.10% $11,503
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 42 5.00% $13,884
OCMBC, INC. 41 4.96% $13,431
Fulton Bank 41 4.57% $9,657
1ST FINANCIAL, INC. 39 5.40% $13,742
First Heritage Mortgage, LLC 38 4.80% $13,870
DRAPER AND KRAMER MORTGAGE CORP. 37 4.65% $12,168
AmRes Corporation 37 4.82% $14,893
Lakeview Community Capital, LLC 36 3.51% $6,151
EMM LOANS LLC 35 5.19% $12,365
PNC Bank 35 4.71% $8,097
1ST PREFERENCE MORTGAGE CORP. 32 4.48% $10,986
SUN WEST MORTGAGE COMPANY, INC. 31 4.95% $12,391
Financial Freedom Mortgage, LLC 31 5.02% $11,402
Hometown Lenders, Inc. 30 5.18% $12,028
LAND HOME FINANCIAL SERVICES, INC. 29 5.17% $13,318
PANORAMA MORTGAGE GROUP, LLC 29 5.86% $12,356
ARK-LA-TEX FINANCIAL SERVICES, LLC. 29 4.73% $10,191
First Home Bank 28 5.17% $13,827
GUILD MORTGAGE COMPANY 26 5.26% $10,426
RESIDENTIAL HOME FUNDING CORP. 26 5.03% $11,000
Flagstar Bank, FSB 25 4.21% $11,897
The Federal Savings Bank 25 4.83% $14,737
T2 FINANCIAL LLC 25 5.86% $11,969
Acre Mortgage and Financial Inc 24 5.40% $12,546
CONTOUR MORTGAGE CORPORATION 24 5.33% $13,142
THE MORTGAGE LINK, INC. 24 5.33% $11,404
NORWICH COMMERCIAL GROUP, INC. 23 5.11% $12,821
Bank of America 23 4.39% $7,992
Shore United Bank 22 5.07% $11,932
MUTUAL OF OMAHA MORTGAGE, INC. 21 5.07% $13,308
Atlantic Coast Mortgage, LLC 21 4.94% $11,691
Equity Prime Mortgage LLC 21 5.26% $10,448
Presidential Bank, FSB 21 5.08% $11,539
PULTE MORTGAGE LLC 21 4.99% $10,273
PLANET HOME LENDING, LLC 20 4.39% $9,667
BAY EQUITY LLC 20 5.63% $13,117
SWBC MORTGAGE CORPORATION 20 5.04% $6,999
VILLAGE CAPITAL MORTGAGE 20 3.63% $4,472
ABSOLUTE HOME MORTGAGE CORPORATION 19 5.28% $11,241
EQUITY RESOURCES, INC. 18 4.75% $9,799
First Option Mortgage, LLC 18 5.31% $12,534
MCLEAN MORTGAGE CORPORATION 18 4.83% $10,593
West Town Bank & Trust 18 4.66% $9,939
Nations Lending Corporation 17 5.35% $15,718
DHI MORTGAGE COMPANY, LTD. 17 4.53% $10,999
PLAZA HOME MORTGAGE, INC. 17 4.95% $13,230
APEX HOME LOANS, INC. 17 4.47% $10,366
EVERETT FINANCIAL, INC. 17 5.15% $7,663
FINANCE OF AMERICA MORTGAGE LLC 16 4.82% $16,122
ALLIED MORTGAGE GROUP, INC. 16 4.73% $11,678
Vellum Mortgage, Inc. 16 4.72% $13,102
Homesale Mortgage, LLC 16 4.73% $11,034
AMERICAN BANCSHARES MORTGAGE 15 4.93% $13,612
SOUTHERN TRUST MORTGAGE, LLC 15 4.47% $11,186
ENVOY MORTGAGE, LTD 15 5.20% $13,860
First Federal Bank 14 4.46% $11,150
Evolve Bank & Trust 14 5.92% $14,944
TOWNE MORTGAGE COMPANY 13 5.39% $9,079
MICHIGAN MUTUAL, INC. 13 5.00% $11,330
Capital Bank 13 4.53% $9,693
WesBanco 12 5.40% $10,883
TJC Mortgage, Inc. 12 4.82% $11,664
MORIA DEVELOPMENT, INC. 12 4.53% $11,938
MANN FINANCIAL INC. 12 5.83% $8,538
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 5.28% $11,043
RELIANCE FIRST CAPITAL, LLC 11 4.99% $12,438
UNIVERSAL MORTGAGE & FINANCE, INC. 11 4.93% $12,549
INTERLINC MORTGAGE SERVICES, LLC 11 5.28% $8,396
CHURCHILL MORTGAGE CORPORATION 11 5.47% $11,979
Mortgage Research Center, LLC 11 5.28% $6,998
NATIONS DIRECT MORTGAGE, LLC 10 4.32% $14,878
SECURITYNATIONAL MORTGAGE COMPANY 9 4.78% $11,535
TD Bank 9 4.72% $10,166
TIDEWATER MORTGAGE SERVICES, INC. 9 5.19% $13,007
MLD MORTGAGE INC. 9 4.36% $9,943
Encompass Lending Group, LP 9 4.01% $11,012
EagleBank 9 4.54% $10,173
BECKAM FUNDING CORP. 9 6.35% $19,879
US MORTGAGE CORPORATION 9 4.83% $12,429
Bank of England 8 5.47% $11,263
Integrity Home Mortgage Corp 8 4.64% $10,607
American Mortgage & Equity Consultants, Inc. 8 4.70% $8,987
Wells Fargo Bank 8 4.91% $12,366
STOCKTON MORTGAGE CORPORATION 7 3.61% $14,448
First Guaranty Mortgage Corporation 7 4.13% $9,390
UNION HOME MORTGAGE CORP. 7 5.21% $14,257
GENEVA FINANCIAL, LLC 7 5.29% $12,948
JPMorgan Chase Bank 7 5.02% $6,995
CREDIT UNION MORTGAGE ASSOCIATION, INC. 7 4.34% $10,028
LADERA LENDING, INC. 7 4.64% $13,017
NETWORK CAPITAL FUNDING CORPORATION 7 4.45% $11,178
Hometown Equity Mortgage, LLC 6 5.65% $12,069
Goldwater Bank, N.A. 6 5.25% $15,160
SUCCESS MORTGAGE PARTNERS, INC. 6 4.42% $10,988
ARC HOME LLC 6 5.02% $9,383
ROUNDPOINT MORTGAGE SERVICING CORPORATION 6 4.38% $9,751
MILEND, INC. 6 4.12% $15,774
Blue Ridge Bank 6 4.90% $9,927
Florida Capital Bank 6 4.98% $13,132
CERTAINTY HOME LOANS, LLC 6 5.85% $10,994
THRIVE MORTGAGE, LLC 6 4.69% $11,750
VAN DYK MORTGAGE CORPORATION 6 4.96% $9,074
AMERICAN FINANCIAL RESOURCES, INC. 5 5.55% $10,990
PENTAGON FEDERAL CREDIT UNION 5 4.15% $9,940
LOANPAL, LLC 5 4.75% $15,969
AMERICAN FINANCING CORPORATION 5 4.40% $9,793
PHH Mortgage Corporation 5 4.70% $12,782
ZILLOW HOME LOANS, LLC 5 4.75% $13,553
MID AMERICA MORTGAGE, INC. 4 4.91% $5,969
MORTGAGE EQUITY PARTNERS LLC 4 3.87% $9,146
UNITED MORTGAGE CORP 4 4.31% $9,399
C & F Mortgage Corporation 4 5.06% $12,313
CBM Mortgage, Inc. 4 5.03% $15,767
NP, Inc. 4 5.03% $10,789
SOVEREIGN LENDING GROUP INCORPORATED 4 4.13% $8,403
FIRST SAVINGS MORTGAGE CORPORATION 4 5.13% $10,580
NASA Federal Credit Union 3 4.17% $13,501
Wyndham Capital Mortgage, Inc. 3 4.96% $13,514
Advisors Mortgage Group, L.L.C. 3 4.33% $9,321
INTERCOASTAL MORTGAGE COMPANY 3 5.38% $14,239
LEADERONE FINANCIAL CORPORATION 3 5.50% $9,507
RESIDENTIAL BANCORP 3 5.12% $9,886
AmeriHome Mortgage Company, LLC 3 4.75% $12,522
MORTGAGE ACCESS CORP. 3 5.13% $12,097
Century Mortgage Company DBA Century Lending Company 3 4.83% $15,230
LIBERTY HOME MORTGAGE CORPORATION 3 5.42% $11,935
Northpointe Bank 2 3.75% $17,545
CityWorth Mortgage LLC 2 4.06% $19,520
Mutual Federal Bank 2 6.44% $11,780
LOANLEADERS OF AMERICA, INC. 2 5.13% $16,332
CAPITAL CENTER, L.L.C. 2 5.25% $8,350
OCEANSIDE MORTGAGE COMPANY 2 3.31% $5,954
PIKE CREEK MORTGAGE SERVICES, INC. 2 5.69% $15,507
K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 2 5.50% $22,907
Barrington Bank & Trust Company, N.A. 2 4.94% $8,928
SOUTHPOINT FINANCIAL SERVICES, INC. 2 4.44% $9,285
Strong Home Mortgage, LLC 2 4.31% $8,007
GSF Mortgage Corporation 2 5.06% $9,242
UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 4.56% $17,273
U.S. Bank 2 3.00% $7,342
GEO-CORP, INC. 2 5.31% $14,288
Gateway First Bank 2 5.25% $11,115
Watermark Capital, Inc. 2 5.94% $8,572
Franklin Loan Corporation 2 5.88% $15,479
MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 2 4.44% $15,142
AMERICAN PACIFIC MORTGAGE CORPORATION 1 4.00% $8,421
BETTER MORTGAGE CORPORATION 1 5.63% $25,853
INTERCAP LENDING INC. 1 4.63% $7,937
MDE Home Loans, LLC 1 5.25% $15,050
Orrstown Bank 1 4.75% $10,687
OPEN MORTGAGE, LLC 1 4.25% $11,689
BNC National Bank 1 4.00% $13,194
MILLENNIUM FINANCIAL GROUP, INC. 1 6.63% $21,981
OAKTREE FUNDING CORP. 1 5.25% $12,598
LENDING 3, INC. 1 6.88% $14,433
NEXERA HOLDING LLC 1 4.63% $8,838
HOMESTEAD FUNDING CORP. 1 2.63% $4,009
FAY SERVICING, LLC 1 5.50% $8,373
Texana Bank 1 2.75% $12,452
AMERICAN ADVISORS GROUP 1 4.63% $7,571
The Huntington National Bank 1 5.38% $11,296
FBC MORTGAGE, LLC 1 4.25% $9,749
The Union Bank Company 1 4.75% $12,899
NBKC BANK 1 2.75% $9,669
HOMEAMERICAN MORTGAGE CORPORATION 1 4.88% $10,443
NATIONS RELIABLE LENDING, LLC 1 5.50% $10,567
Alcova Mortgage LLC 1 4.00% $4,685
Wilmington Savings Fund Society, FSB 1 3.13% $11,190
Citizens Bank 1 3.88% $3,991
Colten Mortgage, LLC 1 2.75% $9,009
Loan Simple, Inc. 1 7.63% $10,234
Waterstone Mortgage Corporation 1 4.88% $12,811
UNITED SECURITY FINANCIAL CORP 1 7.38% $13,234
Mortgage Assurance Inc. 1 5.13% $15,558
First Internet Bank of Indiana 1 5.75% $13,063
MISSION MORTGAGE LLC 1 3.25% $11,380
First National Bank of Pennsylvania 1 4.63% $8,854
Magnolia Bank 1 5.50% $8,224
ATLANTIC BAY MORTGAGE GROUP, L.L.C. 1 5.75% $16,850
Quik Fund, Inc 1 7.25% $10,034
Princeton Mortgage Corporation 1 3.25% $7,649
Atlantic Union Bank 1 3.88% $14,832
JAMES B. NUTTER & COMPANY 1 2.88% $9,087
F & M BANK CORP. 1 3.25% $12,675
POLARIS HOME FUNDING CORP. 1 3.75% $9,537
Amerifirst Financial, Inc. 1 5.63% $6,036
SeaTrust Mortgage Company 1 5.75% $14,544
Kwik Mortgage Corporation 1 6.13% $14,219

The top Baltimore FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 616 FHA loans originated. Their average total fees are $10,734, which is $1,020 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Baltimore FHA lenders (with over 10 loans originated) are STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED ($4,004), CHERRY CREEK MORTGAGE, LLC ($4,262), VILLAGE CAPITAL MORTGAGE ($4,472), Lakeview Community Capital, LLC ($6,151) and Mortgage Research Center, LLC ($6,998).

The lowest rate Baltimore FHA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC (3.51%), VILLAGE CAPITAL MORTGAGE (3.63%), LAKEVIEW LOAN SERVICING, LLC (3.76%), PENNYMAC LOAN SERVICES, LLC (3.95%) and Mr. Cooper ( Nationstar Mortgage ) (4.20%).

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 $284,950 (5.6%) $382,651 (5.9%) 1.06 8,233
2018-02-01 $284,900 (4.0%) $380,624 (3.4%) 1.04 7,955
2018-03-01 $299,900 (3.6%) $394,101 (3.0%) 1.05 8,628
2018-04-01 $311,945 (4.0%) $402,555 (0.8%) 1.06 9,342
2018-05-01 $322,500 (6.1%) $416,986 (3.2%) 1.08 9,955
2018-06-01 $325,000 (6.6%) $418,630 (2.6%) 1.08 10,252
2018-07-01 $327,250 (7.7%) $418,075 (3.2%) 1.09 10,545
2018-08-01 $324,200 (8.1%) $414,508 (1.3%) 1.09 10,639
2018-09-01 $319,000 (6.3%) $405,105 (-0.7%) 1.07 11,017
2018-10-01 $316,000 (5.4%) $403,120 (0.1%) 1.07 11,138
2018-11-01 $309,000 (4.9%) $396,036 (1.1%) 1.05 10,876
2018-12-01 $299,900 (5.2%) $385,129 (-0.3%) 1.03 9,715
2019-01-01 $299,000 (4.9%) $382,687 (0.0%) 1.03 8,701
2019-02-01 $299,900 (5.3%) $389,486 (2.3%) 1.01 8,300
2019-03-01 $312,757 (4.3%) $409,179 (3.8%) 1.02 8,767
2019-04-01 $329,900 (5.8%) $428,506 (6.5%) 1.05 9,475
2019-05-01 $337,450 (4.6%) $432,703 (3.8%) 1.05 10,130
2019-06-01 $339,990 (4.6%) $435,037 (3.9%) 1.06 10,507
2019-07-01 $337,450 (3.1%) $431,969 (3.3%) 1.06 10,534
2019-08-01 $332,200 (2.5%) $426,442 (2.9%) 1.05 10,415
2019-09-01 $328,150 (2.9%) $422,146 (4.2%) 1.05 10,293
2019-10-01 $324,125 (2.6%) $417,978 (3.7%) 1.05 10,163
2019-11-01 $319,900 (3.5%) $415,612 (4.9%) 1.05 9,595
2019-12-01 $302,950 (1.0%) $407,482 (5.8%) 1.01 8,135
2020-01-01 $305,150 (2.1%) $407,299 (6.4%) 1.02 7,126
2020-02-01 $317,250 (5.8%) $417,481 (7.2%) 1.04 6,757
2020-03-01 $325,995 (4.2%) $428,266 (4.7%) 1.02 6,933
2020-04-01 $325,000 (-1.5%) $429,181 (0.2%) 1.02 6,682
2020-05-01 $339,999 (0.8%) $441,658 (2.1%) 1.03 6,704
2020-06-01 $348,250 (2.4%) $458,844 (5.5%) 1.03 6,232
2020-07-01 $350,000 (3.7%) $469,345 (8.7%) 1.01 5,498
2020-08-01 $346,000 (4.2%) $468,719 (9.9%) 0.99 5,047
2020-09-01 $339,869 (3.6%) $459,243 (8.8%) 0.97 4,988
2020-10-01 $335,000 (3.4%) $463,115 (10.8%) 0.96 4,960
2020-11-01 $325,000 (1.6%) $448,734 (8.0%) 0.95 4,625
2020-12-01 $319,950 (5.6%) $446,897 (9.7%) 0.95 3,957
2021-01-01 $315,000 (3.2%) $448,621 (10.2%) 0.94 3,322
2021-02-01 $310,000 (-2.3%) $455,012 (9.0%) 0.90 2,781
2021-03-01 $324,950 (-0.3%) $451,314 (5.4%) 0.92 2,877
2021-04-01 $329,900 (1.5%) $453,884 (5.8%) 0.89 3,198
2021-05-01 $349,000 (2.7%) $469,970 (6.4%) 0.93 3,543
2021-06-01 $339,950 (-2.4%) $460,563 (0.4%) 0.89 3,997
2021-07-01 $345,000 (-1.4%) $457,895 (-2.4%) 0.91 4,490
2021-08-01 $334,450 (-3.3%) $438,577 (-6.4%) 0.89 4,833
2021-09-01 $334,950 (-1.5%) $438,007 (-4.6%) 0.89 4,853
2021-10-01 $324,900 (-3.0%) $430,212 (-7.1%) 0.87 4,732
2021-11-01 $314,925 (-3.1%) $423,845 (-5.6%) 0.84 4,214
2021-12-01 $309,900 (-3.1%) $424,797 (-5.0%) 0.84 3,500
2022-01-01 $295,000 (-6.4%) $423,368 (-5.6%) 0.80 2,865
2022-02-01 $299,950 (-3.2%) $429,651 (-5.6%) 0.78 2,621
2022-03-01 $323,750 (-0.4%) $457,683 (1.4%) 0.81 2,683
2022-04-01 $329,900 (0.0%) $455,915 (0.5%) 0.79 2,958
2022-05-01 $349,950 (0.3%) $470,362 (0.1%) 0.80 3,516
2022-06-01 $363,497 (6.9%) $483,195 (4.9%) 0.81 4,020
2022-07-01 $355,000 (2.9%) $473,646 (3.4%) 0.80 4,532
2022-08-01 $350,000 (4.7%) $473,899 (8.1%) 0.81 4,651
2022-09-01 $345,450 (3.1%) $466,800 (6.6%) 0.81 4,595
2022-10-01 $340,000 (4.7%) $467,258 (8.6%) 0.80 4,694
2022-11-01 $338,550 (7.5%) $461,432 (8.9%) 0.81 4,596
2022-12-01 $329,900 (6.5%) $449,535 (5.8%) 0.81 4,046
2023-01-01 $319,950 (8.5%) $444,585 (5.0%) 0.79 3,587
2023-02-01 $322,500 (7.5%) $459,018 (6.8%) 0.78 3,215
2023-03-01 $345,000 (6.6%) $480,103 (4.9%) 0.81 3,052
2023-04-01 $340,000 (3.1%) $485,088 (6.4%) 0.79 3,148
2023-05-01 $350,000 (0.0%) $493,900 (5.0%) 0.79 3,221
2023-06-01 $365,875 (0.7%) $513,087 (6.2%) 0.82 3,290
2023-07-01 $374,900 (5.6%) $510,777 (7.8%) 0.85 3,412
2023-08-01 $377,450 (7.8%) $507,324 (7.1%) 0.87 3,490
2023-09-01 $370,000 (7.1%) $508,671 (9.0%) 0.86 3,859
2023-10-01 $367,450 (8.1%) $504,970 (8.1%) 0.86 4,159
2023-11-01 $358,348 (5.9%) $484,979 (5.1%) 0.85 4,330
Baltimore's median listing price for 2023-11-01 was $358,348, a difference of $19,798 (5.9%) versus the prior year and $-9,102 versus the prior month.

Baltimore's median listing price comes in at 85% of the national average.

Baltimore's average listing price for 2023-11-01 was $484,979, a difference of $23,547 (5.1%) versus the prior year and $-19,991 versus the prior month.

For the 2023-11-01 period, Baltimore had 4,330 MLS listings, a difference of 171 listings (4%) versus the prior month and -266 listings (-6%) 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 1,734 sqft
2018-02-01 67 days 1,754 sqft
2018-03-01 43 days 1,768 sqft
2018-04-01 40 days 1,763 sqft
2018-05-01 39 days 1,796 sqft
2018-06-01 44 days 1,862 sqft
2018-07-01 47 days 1,860 sqft
2018-08-01 51 days 1,846 sqft
2018-09-01 52 days 1,820 sqft
2018-10-01 52 days 1,844 sqft
2018-11-01 56 days 1,842 sqft
2018-12-01 65 days 1,813 sqft
2019-01-01 72 days 1,801 sqft
2019-02-01 66 days 1,816 sqft
2019-03-01 50 days 1,865 sqft
2019-04-01 38 days 1,925 sqft
2019-05-01 40 days 1,948 sqft
2019-06-01 45 days 1,960 sqft
2019-07-01 50 days 1,964 sqft
2019-08-01 51 days 1,947 sqft
2019-09-01 51 days 1,933 sqft
2019-10-01 52 days 1,921 sqft
2019-11-01 59 days 1,904 sqft
2019-12-01 69 days 1,879 sqft
2020-01-01 75 days 1,871 sqft
2020-02-01 63 days 1,890 sqft
2020-03-01 40 days 1,914 sqft
2020-04-01 48 days 1,910 sqft
2020-05-01 57 days 1,934 sqft
2020-06-01 48 days 1,948 sqft
2020-07-01 41 days 1,964 sqft
2020-08-01 37 days 1,928 sqft
2020-09-01 32 days 1,875 sqft
2020-10-01 41 days 1,840 sqft
2020-11-01 44 days 1,800 sqft
2020-12-01 51 days 1,776 sqft
2021-01-01 57 days 1,741 sqft
2021-02-01 43 days 1,736 sqft
2021-03-01 34 days 1,774 sqft
2021-04-01 30 days 1,784 sqft
2021-05-01 30 days 1,816 sqft
2021-06-01 30 days 1,773 sqft
2021-07-01 31 days 1,780 sqft
2021-08-01 32 days 1,752 sqft
2021-09-01 36 days 1,753 sqft
2021-10-01 39 days 1,716 sqft
2021-11-01 42 days 1,697 sqft
2021-12-01 48 days 1,688 sqft
2022-01-01 52 days 1,652 sqft
2022-02-01 37 days 1,669 sqft
2022-03-01 31 days 1,717 sqft
2022-04-01 29 days 1,747 sqft
2022-05-01 30 days 1,790 sqft
2022-06-01 31 days 1,825 sqft
2022-07-01 34 days 1,810 sqft
2022-08-01 36 days 1,812 sqft
2022-09-01 41 days 1,798 sqft
2022-10-01 42 days 1,785 sqft
2022-11-01 45 days 1,768 sqft
2022-12-01 51 days 1,746 sqft
2023-01-01 57 days 1,738 sqft
2023-02-01 49 days 1,760 sqft
2023-03-01 43 days 1,800 sqft
2023-04-01 36 days 1,814 sqft
2023-05-01 36 days 1,826 sqft
2023-06-01 36 days 1,860 sqft
2023-07-01 37 days 1,857 sqft
2023-08-01 37 days 1,870 sqft
2023-09-01 37 days 1,860 sqft
2023-10-01 37 days 1,845 sqft
2023-11-01 39 days 1,821 sqft
Baltimore's median listing age (time on market) for 2023-11-01 was 39 days. This is -13% shorter than the same period one year ago.

Baltimore's median square footage for active listings during the 2023-11-01 period was 1,821 sqft. One year prior, the average listing was 1,768 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).