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
6.14%
for the week of 2024-10-04, compared to the national average (all USDA variants) of
5.97% for the same period.
Baltimore's average USDA mortgage closing costs are $7,338.
The average rate for the prior week (2024-09-27) was
5.77% and
one month ago for the week of 2024-08-30, the
average rate was 6.31%.
The average rate one year ago was 7.26%.
For refis of the same type during the week of 2024-10-04, the average rate
was 6.18%.
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.
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. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $284,973 (5.6%) | $383,002 (5.9%) | 1.06 | 8,252 |
2018-02-01 | $284,998 (3.7%) | $380,887 (3.4%) | 1.03 | 7,973 |
2018-03-01 | $299,900 (3.5%) | $394,407 (3.0%) | 1.05 | 8,646 |
2018-04-01 | $312,400 (4.2%) | $402,821 (0.7%) | 1.06 | 9,360 |
2018-05-01 | $324,225 (6.3%) | $417,124 (3.2%) | 1.08 | 9,971 |
2018-06-01 | $326,990 (6.3%) | $418,722 (2.5%) | 1.09 | 10,270 |
2018-07-01 | $327,450 (7.4%) | $418,130 (3.2%) | 1.09 | 10,558 |
2018-08-01 | $324,450 (7.6%) | $414,530 (1.3%) | 1.09 | 10,655 |
2018-09-01 | $319,000 (5.3%) | $405,145 (-0.8%) | 1.07 | 11,036 |
2018-10-01 | $316,500 (5.5%) | $403,186 (0.0%) | 1.07 | 11,156 |
2018-11-01 | $309,450 (4.9%) | $396,119 (1.1%) | 1.05 | 10,888 |
2018-12-01 | $299,900 (5.2%) | $385,311 (-0.3%) | 1.03 | 9,732 |
2019-01-01 | $299,250 (5.0%) | $382,892 (0.0%) | 1.03 | 8,717 |
2019-02-01 | $299,900 (5.2%) | $389,695 (2.3%) | 1.01 | 8,315 |
2019-03-01 | $312,757 (4.3%) | $409,327 (3.8%) | 1.02 | 8,779 |
2019-04-01 | $329,900 (5.6%) | $428,588 (6.4%) | 1.05 | 9,486 |
2019-05-01 | $337,900 (4.2%) | $432,894 (3.8%) | 1.06 | 10,145 |
2019-06-01 | $339,999 (4.0%) | $435,245 (4.0%) | 1.06 | 10,520 |
2019-07-01 | $337,450 (3.1%) | $431,993 (3.3%) | 1.06 | 10,543 |
2019-08-01 | $332,200 (2.4%) | $426,467 (2.9%) | 1.05 | 10,424 |
2019-09-01 | $328,150 (2.9%) | $422,182 (4.2%) | 1.05 | 10,303 |
2019-10-01 | $324,500 (2.5%) | $418,036 (3.7%) | 1.05 | 10,173 |
2019-11-01 | $319,900 (3.4%) | $415,653 (4.9%) | 1.05 | 9,604 |
2019-12-01 | $302,995 (1.0%) | $407,509 (5.8%) | 1.01 | 8,144 |
2020-01-01 | $305,600 (2.1%) | $407,330 (6.4%) | 1.02 | 7,135 |
2020-02-01 | $317,500 (5.9%) | $417,428 (7.1%) | 1.04 | 6,767 |
2020-03-01 | $326,000 (4.2%) | $428,267 (4.6%) | 1.02 | 6,941 |
2020-04-01 | $325,000 (-1.5%) | $429,221 (0.2%) | 1.02 | 6,689 |
2020-05-01 | $340,000 (0.6%) | $441,696 (2.0%) | 1.03 | 6,711 |
2020-06-01 | $348,250 (2.4%) | $458,793 (5.4%) | 1.03 | 6,239 |
2020-07-01 | $350,000 (3.7%) | $469,340 (8.7%) | 1.01 | 5,505 |
2020-08-01 | $347,200 (4.5%) | $468,701 (9.9%) | 0.99 | 5,055 |
2020-09-01 | $339,900 (3.6%) | $459,242 (8.8%) | 0.97 | 4,998 |
2020-10-01 | $335,000 (3.2%) | $462,994 (10.8%) | 0.96 | 4,972 |
2020-11-01 | $325,000 (1.6%) | $448,779 (8.0%) | 0.95 | 4,636 |
2020-12-01 | $319,950 (5.6%) | $447,043 (9.7%) | 0.95 | 3,969 |
2021-01-01 | $318,375 (4.2%) | $448,724 (10.2%) | 0.95 | 3,334 |
2021-02-01 | $312,450 (-1.6%) | $455,132 (9.0%) | 0.91 | 2,791 |
2021-03-01 | $324,995 (-0.3%) | $451,524 (5.4%) | 0.92 | 2,885 |
2021-04-01 | $329,995 (1.5%) | $454,067 (5.8%) | 0.89 | 3,205 |
2021-05-01 | $349,000 (2.7%) | $470,002 (6.4%) | 0.93 | 3,549 |
2021-06-01 | $339,950 (-2.4%) | $460,627 (0.4%) | 0.89 | 4,004 |
2021-07-01 | $345,000 (-1.4%) | $457,978 (-2.4%) | 0.91 | 4,496 |
2021-08-01 | $334,950 (-3.5%) | $438,698 (-6.4%) | 0.89 | 4,840 |
2021-09-01 | $334,950 (-1.5%) | $438,167 (-4.6%) | 0.89 | 4,860 |
2021-10-01 | $324,900 (-3.0%) | $430,277 (-7.1%) | 0.87 | 4,741 |
2021-11-01 | $314,950 (-3.1%) | $424,023 (-5.5%) | 0.84 | 4,221 |
2021-12-01 | $309,950 (-3.1%) | $425,042 (-4.9%) | 0.84 | 3,505 |
2022-01-01 | $295,700 (-7.1%) | $423,368 (-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 (0.5%) | 0.79 | 2,964 |
2022-05-01 | $349,950 (0.3%) | $470,734 (0.2%) | 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 (6.8%) | 0.82 | 4,612 |
2022-10-01 | $340,000 (4.7%) | $468,235 (8.8%) | 0.80 | 4,713 |
2022-11-01 | $339,700 (7.9%) | $462,688 (9.1%) | 0.82 | 4,612 |
2022-12-01 | $329,997 (6.5%) | $450,341 (6.0%) | 0.81 | 4,058 |
2023-01-01 | $319,988 (8.2%) | $446,060 (5.4%) | 0.79 | 3,601 |
2023-02-01 | $323,250 (7.8%) | $459,861 (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%) | $510,765 (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 (7.9%) | 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 (1.9%) | $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 | $359,945 (2.8%) | $533,202 (8.0%) | 0.81 | 3,878 |
2024-06-01 | $369,995 (1.3%) | $538,217 (4.9%) | 0.83 | 4,260 |
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%) | 0.00 | 4,812 |
Baltimore's median listing price comes in at 0% of the national average.
Baltimore's average listing price for 2024-09-01 was $502,988, a difference of $-5,683 (-1.1%) versus the prior year and $-13,817 versus the prior month.
For the 2024-09-01 period, Baltimore had 4,812 MLS listings, a difference of 305 listings (7%) versus the prior month and 953 listings (25%) 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 | 74 days | 1,752 sqft |
2018-02-01 | 67 days | 1,764 sqft |
2018-03-01 | 43 days | 1,784 sqft |
2018-04-01 | 41 days | 1,783 sqft |
2018-05-01 | 39 days | 1,815 sqft |
2018-06-01 | 44 days | 1,863 sqft |
2018-07-01 | 47 days | 1,860 sqft |
2018-08-01 | 51 days | 1,848 sqft |
2018-09-01 | 52 days | 1,823 sqft |
2018-10-01 | 52 days | 1,844 sqft |
2018-11-01 | 56 days | 1,843 sqft |
2018-12-01 | 65 days | 1,815 sqft |
2019-01-01 | 72 days | 1,800 sqft |
2019-02-01 | 66 days | 1,815 sqft |
2019-03-01 | 50 days | 1,862 sqft |
2019-04-01 | 38 days | 1,922 sqft |
2019-05-01 | 40 days | 1,948 sqft |
2019-06-01 | 45 days | 1,956 sqft |
2019-07-01 | 50 days | 1,960 sqft |
2019-08-01 | 51 days | 1,944 sqft |
2019-09-01 | 51 days | 1,931 sqft |
2019-10-01 | 52 days | 1,920 sqft |
2019-11-01 | 59 days | 1,902 sqft |
2019-12-01 | 69 days | 1,878 sqft |
2020-01-01 | 75 days | 1,870 sqft |
2020-02-01 | 63 days | 1,888 sqft |
2020-03-01 | 40 days | 1,914 sqft |
2020-04-01 | 48 days | 1,910 sqft |
2020-05-01 | 56 days | 1,932 sqft |
2020-06-01 | 48 days | 1,949 sqft |
2020-07-01 | 41 days | 1,960 sqft |
2020-08-01 | 37 days | 1,923 sqft |
2020-09-01 | 32 days | 1,872 sqft |
2020-10-01 | 41 days | 1,838 sqft |
2020-11-01 | 44 days | 1,800 sqft |
2020-12-01 | 51 days | 1,777 sqft |
2021-01-01 | 57 days | 1,741 sqft |
2021-02-01 | 43 days | 1,733 sqft |
2021-03-01 | 34 days | 1,775 sqft |
2021-04-01 | 30 days | 1,777 sqft |
2021-05-01 | 30 days | 1,810 sqft |
2021-06-01 | 30 days | 1,772 sqft |
2021-07-01 | 31 days | 1,778 sqft |
2021-08-01 | 32 days | 1,751 sqft |
2021-09-01 | 36 days | 1,751 sqft |
2021-10-01 | 39 days | 1,710 sqft |
2021-11-01 | 42 days | 1,697 sqft |
2021-12-01 | 48 days | 1,687 sqft |
2022-01-01 | 52 days | 1,650 sqft |
2022-02-01 | 37 days | 1,663 sqft |
2022-03-01 | 31 days | 1,714 sqft |
2022-04-01 | 29 days | 1,740 sqft |
2022-05-01 | 30 days | 1,790 sqft |
2022-06-01 | 31 days | 1,824 sqft |
2022-07-01 | 34 days | 1,807 sqft |
2022-08-01 | 36 days | 1,811 sqft |
2022-09-01 | 41 days | 1,798 sqft |
2022-10-01 | 42 days | 1,786 sqft |
2022-11-01 | 45 days | 1,769 sqft |
2022-12-01 | 51 days | 1,746 sqft |
2023-01-01 | 57 days | 1,741 sqft |
2023-02-01 | 49 days | 1,758 sqft |
2023-03-01 | 43 days | 1,800 sqft |
2023-04-01 | 36 days | 1,812 sqft |
2023-05-01 | 36 days | 1,824 sqft |
2023-06-01 | 36 days | 1,857 sqft |
2023-07-01 | 37 days | 1,856 sqft |
2023-08-01 | 37 days | 1,867 sqft |
2023-09-01 | 37 days | 1,855 sqft |
2023-10-01 | 37 days | 1,839 sqft |
2023-11-01 | 39 days | 1,818 sqft |
2023-12-01 | 46 days | 1,774 sqft |
2024-01-01 | 53 days | 1,748 sqft |
2024-02-01 | 44 days | 1,752 sqft |
2024-03-01 | 36 days | 1,760 sqft |
2024-04-01 | 36 days | 1,808 sqft |
2024-05-01 | 30 days | 1,824 sqft |
2024-06-01 | 31 days | 1,850 sqft |
2024-07-01 | 37 days | 1,860 sqft |
2024-08-01 | 37 days | 1,839 sqft |
2024-09-01 | 0 days | 1,800 sqft |
Baltimore's median square footage for active listings during the 2024-09-01 period was 1,800 sqft. One year prior, the average listing was 1,855 sqft.