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 20 lenders originated 30 USDA loans during 2024. The total origination value was $10,260,000, with an average USDA loan value of $342,000.
Baltimore USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Baltimore
averaged
0.19%
for the week of 2025-07-04, compared to the national average (all USDA variants) of
0% for the same period.
Baltimore's average USDA mortgage closing costs are $7,402.
The average rate for the prior week (2025-06-27) was
6.73% and
one month ago for the week of 2025-05-30, the
average rate was 6.61%.
The average rate one year ago was 7%.
For refis of the same type during the week of 2025-07-04, the average rate
was 0.06%.
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 | 2024 Avg. 30yFix Rate | 2024 Avg. Closing Costs |
|---|---|---|---|
| FIRST HOME MORTGAGE CORPORATION | 6 | 6.42% | $11,492 |
| Towne Bank | 3 | 6.25% | $8,675 |
| EMM LOANS LLC | 2 | 6.25% | $8,862 |
| NEWREZ LLC | 2 | 6.50% | $11,336 |
| GUILD MORTGAGE COMPANY | 2 | 6.50% | $9,411 |
| HOMESIDE FINANCIAL, LLC | 1 | 7.13% | $8,095 |
| Meridian Bank Corporation | 1 | 6.00% | $8,271 |
| AMERICAN FINANCIAL NETWORK, INC. | 1 | 5.63% | $10,347 |
| MUTUAL OF OMAHA MORTGAGE, INC. | 1 | 6.63% | $12,634 |
| NATION ONE MORTGAGE CORPORATION | 1 | 5.63% | $8,259 |
| NFM, INC. | 1 | 7.25% | $7,463 |
| Paramount Residential Mortgage Group, Inc. | 1 | 6.63% | $16,778 |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | 1 | 5.63% | $14,471 |
| Prosperity Home Mortgage, LLC | 1 | 5.62% | $9,758 |
| SOUTHERN TRUST MORTGAGE, LLC | 1 | 6.50% | $9,065 |
| MICHIGAN MUTUAL, INC. | 1 | 6.25% | $18,099 |
| Ameris Bank | 1 | 6.13% | $7,982 |
| CMG MORTGAGE, INC. | 1 | 6.25% | $12,858 |
| DIRECT MORTGAGE LOANS, LLC | 1 | 6.62% | $8,070 |
| FIDELITY DIRECT MORTGAGE, LLC | 1 | 6.25% | $9,745 |
The top Baltimore USDA lender as defined by loan originations is FIRST HOME MORTGAGE CORPORATION, with
6 USDA loans originated. Their average total fees are
$11,492, which is $2,817
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%) | 0.82 | 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%) | 0.88 | 4,708 |
| 2025-04-01 | $392,688 (11.5%) | $534,522 (4.7%) | 0.91 | 5,362 |
| 2025-05-01 | $399,999 (10.4%) | $558,244 (5.7%) | 0.91 | 5,760 |
Baltimore's median listing price comes in at 91% of the national average.
Baltimore's average listing price for 2025-05-01 was $558,244, a difference of $30,030 (5.7%) versus the prior year and $23,722 versus the prior month.
For the 2025-05-01 period, Baltimore had 5,760 MLS listings, a difference of 398 listings (7%) versus the prior month and 1,885 listings (49%) 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 | 29 days | 1,776 sqft |
| 2025-04-01 | 29 days | 1,821 sqft |
| 2025-05-01 | 30 days | 1,870 sqft |
Baltimore's median square footage for active listings during the 2025-05-01 period was 1,870 sqft. One year prior, the average listing was 1,824 sqft.