Baltimore USDA Loans
BALTIMORE-COLUMBIA-TOWSON, MD
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Baltimore's 81 lenders originated 353 USDA loans during 2021. The total origination value was $103,125,000, with an average USDA loan value of $292,139.
Baltimore USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Baltimore
averaged
5.19%
for the week of 2022-05-13, compared to the national average (all USDA variants) of
5.294% for the same period.
The average rate for the prior week (2022-05-06) was
5.23% and
one month ago for the week of 2022-04-08, the
average rate was 5.09%.
The average rate one year ago was 3.3%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.15%.
Baltimore USDA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Baltimore level.
The top Baltimore USDA lender as defined by loan originations is CALIBER HOME LOANS, INC., with
34 USDA loans originated. Their average total fees are
$7,282, which is $83
lower than the next largest lender,
FIRST HOME MORTGAGE CORPORATION.
The lowest fee Baltimore USDA lenders (with over 10 loans originated) are
BAY CAPITAL MORTGAGE CORPORATION ($6,781), Towne Bank ($6,952), Sierra Pacific Mortgage Company, Inc. ($7,124), Prosperity Home Mortgage, LLC ($7,160) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($7,184).
The lowest rate Baltimore USDA lenders (with over 10 loans originated) are
HOME POINT FINANCIAL CORPORATION (2.53%), Sierra Pacific Mortgage Company, Inc. (2.60%), BAY CAPITAL MORTGAGE CORPORATION (2.61%), Towne Bank (2.68%) and CALIBER HOME LOANS, INC. (2.71%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Baltimore (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $287,950 (6.7%) | $382,774 (5.7%) | 1.06 | 8,264 |
2018-02-01 | $286,500 (4.2%) | $380,987 (3.3%) | 1.03 | 7,986 |
2018-03-01 | $299,900 (3.4%) | $395,287 (3.1%) | 1.04 | 8,648 |
2018-04-01 | $313,500 (4.5%) | $404,608 (1.1%) | 1.05 | 9,361 |
2018-05-01 | $325,000 (5.2%) | $418,001 (3.3%) | 1.08 | 9,952 |
2018-06-01 | $329,900 (6.4%) | $420,240 (2.6%) | 1.10 | 10,270 |
2018-07-01 | $329,495 (6.6%) | $419,620 (3.4%) | 1.10 | 10,560 |
2018-08-01 | $325,000 (6.6%) | $415,868 (1.5%) | 1.09 | 10,670 |
2018-09-01 | $319,900 (4.6%) | $406,736 (-0.3%) | 1.07 | 11,051 |
2018-10-01 | $319,450 (6.5%) | $404,207 (0.2%) | 1.07 | 11,149 |
2018-11-01 | $310,000 (3.7%) | $396,067 (1.0%) | 1.04 | 10,903 |
2018-12-01 | $299,900 (3.8%) | $385,326 (-0.4%) | 1.03 | 9,743 |
2019-01-01 | $299,900 (4.2%) | $383,066 (0.1%) | 1.03 | 8,728 |
2019-02-01 | $299,925 (4.7%) | $389,743 (2.3%) | 1.00 | 8,327 |
2019-03-01 | $312,829 (4.3%) | $410,033 (3.7%) | 1.02 | 8,715 |
2019-04-01 | $329,950 (5.3%) | $429,035 (6.0%) | 1.04 | 9,393 |
2019-05-01 | $339,950 (4.6%) | $432,746 (3.5%) | 1.05 | 10,121 |
2019-06-01 | $343,500 (4.1%) | $435,739 (3.7%) | 1.06 | 10,504 |
2019-07-01 | $339,500 (3.0%) | $432,216 (3.0%) | 1.06 | 10,544 |
2019-08-01 | $332,433 (2.3%) | $426,177 (2.5%) | 1.05 | 10,328 |
2019-09-01 | $329,000 (2.8%) | $421,515 (3.6%) | 1.04 | 10,112 |
2019-10-01 | $325,000 (1.7%) | $418,602 (3.6%) | 1.04 | 10,111 |
2019-11-01 | $320,000 (3.2%) | $417,348 (5.4%) | 1.03 | 9,607 |
2019-12-01 | $309,450 (3.2%) | $409,590 (6.3%) | 1.03 | 8,059 |
2020-01-01 | $309,900 (3.3%) | $410,121 (7.1%) | 1.03 | 7,106 |
2020-02-01 | $320,000 (6.7%) | $421,086 (8.0%) | 1.03 | 6,628 |
2020-03-01 | $328,450 (5.0%) | $430,746 (5.1%) | 1.03 | 6,851 |
2020-04-01 | $328,450 (-0.5%) | $430,671 (0.4%) | 1.02 | 6,682 |
2020-05-01 | $340,000 (0.0%) | $443,576 (2.5%) | 1.03 | 6,634 |
2020-06-01 | $349,950 (1.9%) | $462,091 (6.1%) | 1.02 | 6,156 |
2020-07-01 | $354,900 (4.5%) | $471,012 (9.0%) | 1.02 | 5,416 |
2020-08-01 | $349,900 (5.3%) | $470,620 (10.4%) | 1.00 | 5,016 |
2020-09-01 | $339,950 (3.3%) | $462,028 (9.6%) | 0.97 | 4,966 |
2020-10-01 | $339,900 (4.6%) | $465,786 (11.3%) | 0.97 | 4,917 |
2020-11-01 | $325,500 (1.7%) | $453,482 (8.7%) | 0.93 | 4,574 |
2020-12-01 | $325,000 (5.0%) | $451,617 (10.3%) | 0.95 | 3,934 |
2021-01-01 | $319,900 (3.2%) | $453,049 (10.5%) | 0.94 | 3,271 |
2021-02-01 | $313,400 (-2.1%) | $457,617 (8.7%) | 0.90 | 2,731 |
2021-03-01 | $325,000 (-1.1%) | $456,649 (6.0%) | 0.91 | 2,826 |
2021-04-01 | $334,900 (2.0%) | $458,417 (6.4%) | 0.90 | 3,130 |
2021-05-01 | $349,900 (2.9%) | $474,138 (6.9%) | 0.92 | 3,371 |
2021-06-01 | $342,500 (-2.1%) | $464,807 (0.6%) | 0.89 | 3,920 |
2021-07-01 | $349,000 (-1.7%) | $463,191 (-1.7%) | 0.91 | 4,369 |
2021-08-01 | $335,000 (-4.3%) | $442,791 (-5.9%) | 0.88 | 4,746 |
2021-09-01 | $335,000 (-1.5%) | $441,754 (-4.4%) | 0.88 | 4,791 |
2021-10-01 | $325,000 (-4.4%) | $434,067 (-6.8%) | 0.86 | 4,669 |
2021-11-01 | $315,000 (-3.2%) | $427,147 (-5.8%) | 0.83 | 4,149 |
2021-12-01 | $311,200 (-4.3%) | $428,723 (-5.1%) | 0.83 | 3,442 |
2022-01-01 | $299,000 (-6.5%) | $427,005 (-5.8%) | 0.80 | 2,842 |
2022-02-01 | $300,000 (-4.3%) | $433,711 (-5.2%) | 0.76 | 2,574 |
2022-03-01 | $324,975 (0.0%) | $462,028 (1.2%) | 0.80 | 2,637 |
2022-04-01 | $330,000 (-1.5%) | $458,082 (-0.1%) | 0.78 | 2,886 |
Baltimore's median listing price comes in at 78% of the national average.
Baltimore's average listing price for 2022-04-01 was $458,082, a difference of $-335 (-0.1%) versus the prior year and $-3,946 versus the prior month.
For the 2022-04-01 period, Baltimore had 2,886 MLS listings, a difference of 249 listings (9%) versus the prior month and -244 listings (-8%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Baltimore (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 79 days | 1,911 sqft |
2018-02-01 | 73 days | 1,929 sqft |
2018-03-01 | 47 days | 1,951 sqft |
2018-04-01 | 44 days | 1,975 sqft |
2018-05-01 | 43 days | 2,010 sqft |
2018-06-01 | 45 days | 1,876 sqft |
2018-07-01 | 50 days | 1,873 sqft |
2018-08-01 | 53 days | 1,856 sqft |
2018-09-01 | 54 days | 1,830 sqft |
2018-10-01 | 56 days | 1,856 sqft |
2018-11-01 | 59 days | 1,856 sqft |
2018-12-01 | 69 days | 1,824 sqft |
2019-01-01 | 77 days | 1,818 sqft |
2019-02-01 | 72 days | 1,830 sqft |
2019-03-01 | 50 days | 1,883 sqft |
2019-04-01 | 40 days | 1,939 sqft |
2019-05-01 | 43 days | 1,960 sqft |
2019-06-01 | 47 days | 1,974 sqft |
2019-07-01 | 51 days | 1,972 sqft |
2019-08-01 | 56 days | 1,957 sqft |
2019-09-01 | 55 days | 1,945 sqft |
2019-10-01 | 53 days | 1,926 sqft |
2019-11-01 | 58 days | 1,913 sqft |
2019-12-01 | 70 days | 1,888 sqft |
2020-01-01 | 76 days | 1,880 sqft |
2020-02-01 | 66 days | 1,900 sqft |
2020-03-01 | 43 days | 1,920 sqft |
2020-04-01 | 49 days | 1,920 sqft |
2020-05-01 | 57 days | 1,944 sqft |
2020-06-01 | 50 days | 1,963 sqft |
2020-07-01 | 43 days | 1,970 sqft |
2020-08-01 | 42 days | 1,937 sqft |
2020-09-01 | 35 days | 1,888 sqft |
2020-10-01 | 43 days | 1,852 sqft |
2020-11-01 | 46 days | 1,808 sqft |
2020-12-01 | 53 days | 1,798 sqft |
2021-01-01 | 60 days | 1,755 sqft |
2021-02-01 | 51 days | 1,751 sqft |
2021-03-01 | 38 days | 1,793 sqft |
2021-04-01 | 33 days | 1,800 sqft |
2021-05-01 | 34 days | 1,827 sqft |
2021-06-01 | 32 days | 1,786 sqft |
2021-07-01 | 35 days | 1,798 sqft |
2021-08-01 | 34 days | 1,763 sqft |
2021-09-01 | 37 days | 1,760 sqft |
2021-10-01 | 40 days | 1,728 sqft |
2021-11-01 | 44 days | 1,705 sqft |
2021-12-01 | 50 days | 1,701 sqft |
2022-01-01 | 56 days | 1,668 sqft |
2022-02-01 | 40 days | 1,680 sqft |
2022-03-01 | 33 days | 1,739 sqft |
2022-04-01 | 31 days | 1,760 sqft |
Baltimore's median square footage for active listings during the 2022-04-01 period was 1,760 sqft. One year prior, the average listing was 1,800 sqft.