Baltimore USDA Loan Rates, Closing Costs & Stats

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 33 lenders originated 58 USDA loans during 2023. The total origination value was $18,180,000, with an average USDA loan value of $313,448.

Baltimore USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Baltimore averaged 6.4% for the week of 2025-02-14, compared to the national average (all USDA variants) of 6.526% for the same period.

Baltimore's average USDA mortgage closing costs are $7,338.

The average rate for the prior week (2025-02-07) was 6.36% and one month ago for the week of 2025-01-10, the average rate was 6.4%.

The average rate one year ago was 6.39%.

For refis of the same type during the week of 2025-02-14, the average rate was 6.93%.

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

Baltimore USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 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
FIRST HOME MORTGAGE CORPORATION 8 6.27% $10,350
Towne Bank 6 6.54% $8,910
BAY CAPITAL MORTGAGE CORPORATION 4 6.03% $10,271
Atlantic Coast Mortgage, LLC 3 6.62% $9,439
CROSSCOUNTRY MORTGAGE, LLC 2 6.13% $9,419
AMERICAN FINANCIAL NETWORK, INC. 2 6.50% $11,132
Paramount Residential Mortgage Group, Inc. 2 6.44% $20,688
FIDELITY DIRECT MORTGAGE, LLC 1 5.25% $14,452
George Mason Mortgage, LLC 1 6.49% $6,563
GUARANTEED RATE AFFINITY, LLC 1 5.68% $6,999
Keystone Funding, Inc. 1 7.13% $8,681
Meridian Bank Corporation 1 5.63% $8,886
MORIA DEVELOPMENT, INC. 1 7.13% $12,079
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.88% $11,104
NEWREZ LLC 1 5.25% $15,511
NVR Mortgage Finance, Inc. 1 5.75% $10,964
Plains Commerce Bank 1 5.00% $19,852
PLANET HOME LENDING, LLC 1 5.25% $14,452
PNC Bank 1 6.25% $9,236
Presidential Bank, FSB 1 6.00% $11,171
Prosperity Home Mortgage, LLC 1 6.49% $11,474
Shore United Bank 1 6.00% $8,509
SWBC MORTGAGE CORPORATION 1 6.25% $4,508
UNITED WHOLESALE MORTGAGE, LLC 1 5.09% $12,760
Vellum Mortgage, Inc. 1 6.99% $9,945
1ST FINANCIAL, INC. 1 6.50% $6,711
Waterstone Mortgage Corporation 1 6.13% $11,839
AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 7.13% $8,207
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.38% $14,563
CALIBER HOME LOANS, INC. 1 5.38% $16,285
EMBRACE HOME LOANS, INC. 1 5.75% $10,348
EMM LOANS LLC 1 5.75% $7,692
EVERETT FINANCIAL, INC. 1 5.88% $7,291

The top Baltimore USDA lender as defined by loan originations is FIRST HOME MORTGAGE CORPORATION, with 8 USDA loans originated. Their average total fees are $10,350, which is $1,440 higher than the next largest lender, Towne Bank.

The lowest fee Baltimore USDA lenders (with over 10 loans originated) are .

The lowest rate Baltimore USDA lenders (with over 10 loans originated) are .


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%) 0.81 3,875
2024-06-01 $374,000 (2.4%) $531,801 (3.7%) 0.83 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%) 0.00 4,256
Baltimore's median listing price for 2025-01-01 was $349,900, a difference of $22,400 (6.8%) versus the prior year and $-100 versus the prior month.

Baltimore's median listing price comes in at 0% of the national average.

Baltimore's average listing price for 2025-01-01 was $476,171, a difference of $6,679 (1.4%) versus the prior year and $-1,809 versus the prior month.

For the 2025-01-01 period, Baltimore had 4,256 MLS listings, a difference of -283 listings (-6%) versus the prior month and 822 listings (24%) 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 51 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 30 days 1,824 sqft
2024-06-01 31 days 1,849 sqft
2024-07-01 37 days 1,856 sqft
2024-08-01 37 days 1,831 sqft
2024-09-01 38 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 0 days 1,723 sqft
Baltimore's median listing age (time on market) for 2025-01-01 was 0 days. This is -100% shorter than the same period one year ago.

Baltimore's median square footage for active listings during the 2025-01-01 period was 1,723 sqft. One year prior, the average listing was 1,739 sqft.