Baltimore USDA Loans

BALTIMORE-COLUMBIA-TOWSON, MD

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    • 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%.

    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 and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Baltimore level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
    CALIBER HOME LOANS, INC. 34 2.71% $7,282
    FIRST HOME MORTGAGE CORPORATION 31 2.96% $7,366
    BAY CAPITAL MORTGAGE CORPORATION 15 2.61% $6,781
    Prosperity Home Mortgage, LLC 14 2.78% $7,160
    Sierra Pacific Mortgage Company, Inc. 14 2.60% $7,124
    Towne Bank 13 2.68% $6,952
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 2.80% $7,184
    HOME POINT FINANCIAL CORPORATION 11 2.53% $7,246
    NVR Mortgage Finance, Inc. 9 3.02% $8,856
    EMBRACE HOME LOANS, INC. 9 2.74% $6,143
    TJC Mortgage, Inc. 8 2.84% $6,869
    SOUTHERN TRUST MORTGAGE, LLC 7 2.93% $6,320
    George Mason Mortgage, LLC 6 2.69% $6,698
    TIDEWATER MORTGAGE SERVICES, INC. 6 2.69% $8,283
    NFM, INC. 6 2.92% $8,090
    Integrity Home Mortgage Corp 5 3.13% $6,529
    SEVERN SAVINGS BANK, FSB DBA SEVERN BANK 5 2.45% $7,291
    GUARANTEED RATE, INC. 5 2.78% $7,415
    PENNYMAC LOAN SERVICES, LLC 4 2.88% $6,102
    SWBC MORTGAGE CORPORATION 4 3.16% $5,326
    CROSSCOUNTRY MORTGAGE, LLC 4 3.09% $7,307
    DIRECT MORTGAGE LOANS, LLC 4 2.84% $14,033
    Paramount Residential Mortgage Group, Inc. 4 3.06% $10,197
    HOMESPIRE MORTGAGE CORPORATION 4 2.78% $8,125
    RESIDENTIAL MORTGAGE SERVICES, INC. 4 2.78% $7,073
    Truist Bank 4 2.56% $8,120
    Meridian Bank Corporation 4 2.47% $7,080
    Presidential Bank, FSB 3 2.79% $8,211
    HOMEBRIDGE FINANCIAL SERVICES, INC. 3 2.75% $8,414
    LAKEVIEW LOAN SERVICING, LLC 3 3.13% $3,872
    UNITED WHOLESALE MORTGAGE, LLC 3 2.91% $7,480
    APEX HOME LOANS, INC. 3 2.75% $7,686
    ACADEMY MORTGAGE CORPORATION 3 2.79% $6,927
    Flagstar Bank, FSB 3 2.86% $5,674
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 2.92% $8,934
    PLAZA HOME MORTGAGE, INC. 3 2.79% $11,337
    Wells Fargo Bank 2 2.50% $2,762
    ABSOLUTE HOME MORTGAGE CORPORATION 2 3.00% $7,980
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 3.00% $11,599
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 2.63% $5,533
    Bank of England 2 3.06% $9,549
    BAYSHORE MORTGAGE FUNDING, LLC 2 2.25% $7,303
    C & F Mortgage Corporation 2 2.63% $6,025
    CMG MORTGAGE, INC. 2 2.81% $7,695
    EMM LOANS LLC 2 2.56% $9,098
    First Heritage Mortgage, LLC 2 2.44% $7,748
    GUARANTEED RATE AFFINITY, LLC 2 2.63% $9,381
    Keystone Funding, Inc. 2 2.44% $6,628
    MORIA DEVELOPMENT, INC. 2 2.75% $6,327
    MOVEMENT MORTGAGE, LLC 2 2.63% $4,815
    NORWICH COMMERCIAL GROUP, INC. 2 3.25% $11,006
    PNC Bank 2 2.75% $4,834
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 3.44% $6,958
    STOCKTON MORTGAGE CORPORATION 2 2.75% $7,565
    1ST PREFERENCE MORTGAGE CORP. 2 2.81% $10,391
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 2.75% $4,886
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 3.50% $8,180
    GUARANTY HOME MORTGAGE CORPORATION 1 2.63% $7,456
    Fulton Bank 1 3.00% $7,942
    Vellum Mortgage, Inc. 1 2.88% $7,992
    EVERETT FINANCIAL, INC. 1 3.88% $4,921
    EQUITY RESOURCES, INC. 1 3.00% $7,462
    Sandy Spring Bank 1 2.50% $8,969
    ENVOY MORTGAGE, LTD 1 2.50% $6,923
    Congressional Bank 1 2.25% $4,521
    Capital Bank 1 2.88% $8,846
    Waterstone Mortgage Corporation 1 3.63% $8,307
    SUN WEST MORTGAGE COMPANY, INC. 1 3.25% $6,485
    Atlantic Home Loans, Inc. 1 3.25% $7,403
    T2 FINANCIAL LLC 1 3.25% $6,959
    THE MORTGAGE FIRM, INC. 1 3.25% $7,095
    THRIVE MORTGAGE, LLC 1 2.50% $6,082
    Atlantic Coast Mortgage, LLC 1 3.25% $5,978
    AMERICAN FINANCIAL NETWORK, INC. 1 3.25% $8,391
    Acre Mortgage and Financial Inc 1 2.75% $6,085
    ACNB Bank 1 2.75% $3,819
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 1 2.38% $5,293
    NEWREZ LLC 1 2.50% $9,400
    OCMBC, INC. 1 3.50% $18,361
    MCLEAN MORTGAGE CORPORATION 1 2.75% $8,770
    HOMESIDE FINANCIAL, LLC 1 3.13% $7,431

    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. Louis
    Date 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 for 2022-04-01 was $330,000, a difference of $-4,900 (-1.5%) versus the prior year and $5,025 versus the prior month.

    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. Louis
    Date 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 listing age (time on market) for 2022-04-01 was 31 days. This is -5% shorter than the same period one year ago.

    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.