Baltimore VA Loan Rates, Closing Costs & Stats
BALTIMORE-COLUMBIA-TOWSON, MD
A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.
The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.
For additional benefits of VA loans, click here.
Baltimore's 181 lenders originated 3,611 VA loans during 2023. The total origination value was $1,636,325,000, with an average VA loan value of $453,150.
Baltimore VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Baltimore
averaged
6.73%
for the week of 2025-02-14, compared to the national average (all VA variants) of
6.428% for the same period.
Baltimore's average VA mortgage closing costs are $7,834.
The average rate for the prior week (2025-02-07) was
6.76% and
one month ago for the week of 2025-01-10, the
average rate was 6.7%.
The average rate one year ago was 6.72%.
For refis of the same type during the week of 2025-02-14, the average rate
was 7.07%.
Baltimore VA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Baltimore level.
The top Baltimore VA lender as defined by loan originations is Mortgage Research Center, LLC, with
371 VA loans originated. Their average total fees are
$9,752, which is $707
higher than the next largest lender,
NAVY FEDERAL CREDIT UNION.
The lowest fee Baltimore VA lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. ($7,152), DAS Acquisition Company, LLC ($7,340), GUARANTEED RATE, INC. ($7,541), PULTE MORTGAGE LLC ($7,768) and EAGLE HOME MORTGAGE, LLC ($8,296).
The lowest rate Baltimore VA lenders (with over 10 loans originated) are
PENTAGON FEDERAL CREDIT UNION (5.54%), NBKC BANK (5.56%), PENNYMAC LOAN SERVICES, LLC (5.62%), DHI MORTGAGE COMPANY, LTD. (5.68%) and NVR Mortgage Finance, Inc. (5.72%).
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 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 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.