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 219 lenders originated 7,369 FHA loans during 2024. The total origination value was $2,507,085,000, with an average FHA loan value of $340,221.
Baltimore FHA Loans, 30 Year Fixed Rates
30 Year FHA mortgages in Baltimore
averaged
6.36%
for the week of 2025-04-04, compared to the national average (all FHA variants) of
6.259% for the same period.
Baltimore's average FHA mortgage closing costs are $9,800.
The average rate for the prior week (2025-03-28) was
6.66% and
one month ago for the week of 2025-02-28, the
average rate was 6.75%.
The average rate one year ago was 6.56%.
For refis of the same type during the week of 2025-04-04, the average rate
was 6.04%.
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.
The top Baltimore FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with
516 FHA loans originated. Their average total fees are
$13,779, which is $1,576
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 ($5,424), VILLAGE CAPITAL MORTGAGE ($8,394), Mortgage Research Center, LLC ($8,763), Lakeview Community Capital, LLC ($9,398) and TOWNE MORTGAGE COMPANY ($9,790).
The lowest rate Baltimore FHA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.37%), PENTAGON FEDERAL CREDIT UNION (5.78%), LOANPAL, LLC (5.80%), PENNYMAC LOAN SERVICES, LLC (5.92%) and Flagstar Bank, FSB (6.00%).
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%) | $383,041 (5.9%) | 1.06 | 8,252 |
| 2018-02-01 | $284,998 (3.7%) | $380,927 (3.4%) | 1.03 | 7,973 |
| 2018-03-01 | $299,900 (3.5%) | $394,447 (3.0%) | 1.05 | 8,647 |
| 2018-04-01 | $312,400 (4.2%) | $402,865 (0.7%) | 1.06 | 9,361 |
| 2018-05-01 | $324,225 (6.3%) | $417,135 (3.2%) | 1.08 | 9,970 |
| 2018-06-01 | $326,995 (6.4%) | $418,756 (2.5%) | 1.09 | 10,269 |
| 2018-07-01 | $327,450 (7.4%) | $418,173 (3.2%) | 1.09 | 10,558 |
| 2018-08-01 | $324,450 (7.6%) | $414,555 (1.3%) | 1.09 | 10,652 |
| 2018-09-01 | $319,000 (5.6%) | $405,176 (-0.7%) | 1.07 | 11,034 |
| 2018-10-01 | $316,500 (5.5%) | $403,216 (0.0%) | 1.07 | 11,152 |
| 2018-11-01 | $309,250 (4.9%) | $396,109 (1.1%) | 1.05 | 10,884 |
| 2018-12-01 | $299,900 (5.2%) | $385,291 (-0.3%) | 1.03 | 9,728 |
| 2019-01-01 | $299,073 (5.0%) | $382,872 (0.0%) | 1.03 | 8,714 |
| 2019-02-01 | $299,900 (5.2%) | $389,680 (2.3%) | 1.01 | 8,312 |
| 2019-03-01 | $312,757 (4.3%) | $409,328 (3.8%) | 1.02 | 8,777 |
| 2019-04-01 | $329,900 (5.6%) | $428,596 (6.4%) | 1.05 | 9,484 |
| 2019-05-01 | $337,700 (4.2%) | $432,757 (3.8%) | 1.06 | 10,141 |
| 2019-06-01 | $339,999 (4.0%) | $435,111 (3.9%) | 1.06 | 10,517 |
| 2019-07-01 | $337,450 (3.1%) | $431,985 (3.3%) | 1.06 | 10,545 |
| 2019-08-01 | $332,200 (2.4%) | $426,454 (2.9%) | 1.05 | 10,424 |
| 2019-09-01 | $328,150 (2.9%) | $422,132 (4.2%) | 1.05 | 10,301 |
| 2019-10-01 | $324,125 (2.4%) | $417,955 (3.7%) | 1.05 | 10,169 |
| 2019-11-01 | $319,900 (3.4%) | $415,589 (4.9%) | 1.05 | 9,600 |
| 2019-12-01 | $302,950 (1.0%) | $407,446 (5.8%) | 1.01 | 8,141 |
| 2020-01-01 | $305,000 (2.0%) | $407,263 (6.4%) | 1.02 | 7,132 |
| 2020-02-01 | $317,000 (5.7%) | $417,389 (7.1%) | 1.04 | 6,764 |
| 2020-03-01 | $325,850 (4.2%) | $428,206 (4.6%) | 1.02 | 6,937 |
| 2020-04-01 | $325,000 (-1.5%) | $429,149 (0.1%) | 1.02 | 6,687 |
| 2020-05-01 | $339,999 (0.7%) | $441,659 (2.1%) | 1.03 | 6,708 |
| 2020-06-01 | $348,250 (2.4%) | $458,763 (5.4%) | 1.03 | 6,236 |
| 2020-07-01 | $350,000 (3.7%) | $469,344 (8.7%) | 1.01 | 5,503 |
| 2020-08-01 | $347,000 (4.5%) | $468,703 (9.9%) | 0.99 | 5,053 |
| 2020-09-01 | $339,900 (3.6%) | $459,258 (8.8%) | 0.97 | 4,997 |
| 2020-10-01 | $335,000 (3.4%) | $463,010 (10.8%) | 0.96 | 4,971 |
| 2020-11-01 | $325,000 (1.6%) | $448,850 (8.0%) | 0.95 | 4,637 |
| 2020-12-01 | $319,950 (5.6%) | $447,084 (9.7%) | 0.95 | 3,970 |
| 2021-01-01 | $318,750 (4.5%) | $448,814 (10.2%) | 0.95 | 3,335 |
| 2021-02-01 | $312,450 (-1.4%) | $455,243 (9.1%) | 0.91 | 2,792 |
| 2021-03-01 | $324,995 (-0.3%) | $451,638 (5.5%) | 0.92 | 2,886 |
| 2021-04-01 | $329,998 (1.5%) | $454,167 (5.8%) | 0.89 | 3,206 |
| 2021-05-01 | $349,000 (2.7%) | $470,092 (6.4%) | 0.93 | 3,550 |
| 2021-06-01 | $339,950 (-2.4%) | $460,702 (0.4%) | 0.89 | 4,005 |
| 2021-07-01 | $345,000 (-1.4%) | $458,049 (-2.4%) | 0.91 | 4,497 |
| 2021-08-01 | $334,950 (-3.5%) | $438,774 (-6.4%) | 0.89 | 4,841 |
| 2021-09-01 | $334,950 (-1.5%) | $438,245 (-4.6%) | 0.89 | 4,861 |
| 2021-10-01 | $324,900 (-3.0%) | $430,351 (-7.1%) | 0.87 | 4,742 |
| 2021-11-01 | $314,950 (-3.1%) | $424,119 (-5.5%) | 0.84 | 4,222 |
| 2021-12-01 | $309,950 (-3.1%) | $425,042 (-4.9%) | 0.84 | 3,505 |
| 2022-01-01 | $295,500 (-7.3%) | $423,363 (-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 (0.4%) | 0.79 | 2,964 |
| 2022-05-01 | $349,950 (0.3%) | $470,734 (0.1%) | 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 (6.7%) | 0.82 | 4,612 |
| 2022-10-01 | $340,000 (4.7%) | $468,238 (8.8%) | 0.80 | 4,710 |
| 2022-11-01 | $339,700 (7.9%) | $462,688 (9.1%) | 0.82 | 4,612 |
| 2022-12-01 | $329,999 (6.5%) | $450,397 (6.0%) | 0.81 | 4,058 |
| 2023-01-01 | $319,988 (8.3%) | $446,060 (5.4%) | 0.79 | 3,601 |
| 2023-02-01 | $322,500 (7.5%) | $459,876 (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%) | $510,777 (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 (7.8%) | 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 (2.2%) | $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 |
| 2024-05-01 | $362,400 (3.5%) | $528,214 (6.9%) | 0.82 | 3,875 |
| 2024-06-01 | $374,000 (2.4%) | $531,801 (3.7%) | 0.85 | 4,246 |
| 2024-07-01 | $375,000 (0.0%) | $526,621 (3.1%) | 0.86 | 4,423 |
| 2024-08-01 | $370,900 (-1.7%) | $516,805 (1.9%) | 0.86 | 4,507 |
| 2024-09-01 | $369,900 (0.0%) | $502,988 (-1.1%) | 0.87 | 4,812 |
| 2024-10-01 | $369,995 (0.7%) | $498,349 (-1.3%) | 0.87 | 5,453 |
| 2024-11-01 | $360,000 (0.5%) | $488,326 (0.7%) | 0.86 | 5,308 |
| 2024-12-01 | $350,000 (1.5%) | $477,980 (1.9%) | 0.87 | 4,539 |
| 2025-01-01 | $349,900 (6.8%) | $476,171 (1.4%) | 0.87 | 4,256 |
| 2025-02-01 | $350,000 (6.2%) | $489,225 (3.0%) | 0.85 | 4,310 |
| 2025-03-01 | $374,900 (11.9%) | $512,323 (4.9%) | 0.00 | 4,708 |
Baltimore's median listing price comes in at 0% of the national average.
Baltimore's average listing price for 2025-03-01 was $512,323, a difference of $23,969 (4.9%) versus the prior year and $23,098 versus the prior month.
For the 2025-03-01 period, Baltimore had 4,708 MLS listings, a difference of 398 listings (9%) versus the prior month and 1,291 listings (38%) 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 | 1,757 sqft |
| 2018-02-01 | 67 days | 1,768 sqft |
| 2018-03-01 | 43 days | 1,792 sqft |
| 2018-04-01 | 41 days | 1,792 sqft |
| 2018-05-01 | 39 days | 1,821 sqft |
| 2018-06-01 | 44 days | 1,868 sqft |
| 2018-07-01 | 47 days | 1,860 sqft |
| 2018-08-01 | 50 days | 1,848 sqft |
| 2018-09-01 | 52 days | 1,824 sqft |
| 2018-10-01 | 52 days | 1,847 sqft |
| 2018-11-01 | 56 days | 1,842 sqft |
| 2018-12-01 | 65 days | 1,815 sqft |
| 2019-01-01 | 72 days | 1,800 sqft |
| 2019-02-01 | 66 days | 1,813 sqft |
| 2019-03-01 | 50 days | 1,863 sqft |
| 2019-04-01 | 38 days | 1,923 sqft |
| 2019-05-01 | 40 days | 1,948 sqft |
| 2019-06-01 | 45 days | 1,959 sqft |
| 2019-07-01 | 50 days | 1,960 sqft |
| 2019-08-01 | 51 days | 1,945 sqft |
| 2019-09-01 | 51 days | 1,931 sqft |
| 2019-10-01 | 52 days | 1,920 sqft |
| 2019-11-01 | 59 days | 1,901 sqft |
| 2019-12-01 | 69 days | 1,877 sqft |
| 2020-01-01 | 75 days | 1,870 sqft |
| 2020-02-01 | 63 days | 1,888 sqft |
| 2020-03-01 | 40 days | 1,913 sqft |
| 2020-04-01 | 48 days | 1,909 sqft |
| 2020-05-01 | 56 days | 1,928 sqft |
| 2020-06-01 | 48 days | 1,946 sqft |
| 2020-07-01 | 41 days | 1,958 sqft |
| 2020-08-01 | 37 days | 1,922 sqft |
| 2020-09-01 | 32 days | 1,872 sqft |
| 2020-10-01 | 41 days | 1,840 sqft |
| 2020-11-01 | 44 days | 1,800 sqft |
| 2020-12-01 | 51 days | 1,778 sqft |
| 2021-01-01 | 57 days | 1,746 sqft |
| 2021-02-01 | 43 days | 1,736 sqft |
| 2021-03-01 | 34 days | 1,775 sqft |
| 2021-04-01 | 30 days | 1,781 sqft |
| 2021-05-01 | 30 days | 1,814 sqft |
| 2021-06-01 | 30 days | 1,771 sqft |
| 2021-07-01 | 31 days | 1,777 sqft |
| 2021-08-01 | 32 days | 1,750 sqft |
| 2021-09-01 | 36 days | 1,751 sqft |
| 2021-10-01 | 39 days | 1,710 sqft |
| 2021-11-01 | 42 days | 1,698 sqft |
| 2021-12-01 | 48 days | 1,688 sqft |
| 2022-01-01 | 52 days | 1,650 sqft |
| 2022-02-01 | 37 days | 1,662 sqft |
| 2022-03-01 | 31 days | 1,711 sqft |
| 2022-04-01 | 29 days | 1,737 sqft |
| 2022-05-01 | 30 days | 1,790 sqft |
| 2022-06-01 | 31 days | 1,824 sqft |
| 2022-07-01 | 34 days | 1,808 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 | 1,740 sqft |
| 2023-02-01 | 49 days | 1,756 sqft |
| 2023-03-01 | 43 days | 1,800 sqft |
| 2023-04-01 | 36 days | 1,812 sqft |
| 2023-05-01 | 36 days | 1,822 sqft |
| 2023-06-01 | 36 days | 1,850 sqft |
| 2023-07-01 | 37 days | 1,851 sqft |
| 2023-08-01 | 37 days | 1,864 sqft |
| 2023-09-01 | 37 days | 1,852 sqft |
| 2023-10-01 | 37 days | 1,837 sqft |
| 2023-11-01 | 39 days | 1,815 sqft |
| 2023-12-01 | 46 days | 1,769 sqft |
| 2024-01-01 | 53 days | 1,739 sqft |
| 2024-02-01 | 44 days | 1,744 sqft |
| 2024-03-01 | 36 days | 1,760 sqft |
| 2024-04-01 | 36 days | 1,804 sqft |
| 2024-05-01 | 32 days | 1,824 sqft |
| 2024-06-01 | 35 days | 1,849 sqft |
| 2024-07-01 | 37 days | 1,856 sqft |
| 2024-08-01 | 37 days | 1,831 sqft |
| 2024-09-01 | 39 days | 1,797 sqft |
| 2024-10-01 | 36 days | 1,798 sqft |
| 2024-11-01 | 41 days | 1,770 sqft |
| 2024-12-01 | 49 days | 1,752 sqft |
| 2025-01-01 | 53 days | 1,723 sqft |
| 2025-02-01 | 41 days | 1,728 sqft |
| 2025-03-01 | 0 days | 1,776 sqft |
Baltimore's median square footage for active listings during the 2025-03-01 period was 1,776 sqft. One year prior, the average listing was 1,760 sqft.