Baltimore VA Loan Rates, Closing Costs & Stats

BALTIMORE-COLUMBIA-TOWSON, MD

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    • 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 186 lenders originated 4,947 VA loans during 2024. The total origination value was $2,349,135,000, with an average VA loan value of $474,861.

    Baltimore VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Baltimore averaged 0.34% for the week of 2025-06-20, compared to the national average (all VA variants) of 0% for the same period.

    Baltimore's average VA mortgage closing costs are $8,072.

    The average rate for the prior week (2025-06-13) was 7.08% and one month ago for the week of 2025-05-16, the average rate was 6.74%.

    The average rate one year ago was 6.64%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0.01%.

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

    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.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    Mortgage Research Center, LLC 484 6.34% $8,060
    UNITED WHOLESALE MORTGAGE, LLC 449 5.89% $10,188
    FREEDOM MORTGAGE CORPORATION 289 6.11% $10,967
    QUICKEN LOANS, LLC 267 6.02% $12,252
    NAVY FEDERAL CREDIT UNION 241 5.90% $8,351
    NFM, INC. 165 6.32% $13,932
    FIRST HOME MORTGAGE CORPORATION 161 6.35% $12,270
    PENNYMAC LOAN SERVICES, LLC 157 5.58% $10,066
    NVR Mortgage Finance, Inc. 131 6.05% $9,681
    MOVEMENT MORTGAGE, LLC 84 6.13% $10,530
    NEWREZ LLC 83 6.11% $9,873
    VILLAGE CAPITAL MORTGAGE 79 5.57% $9,035
    Towne Bank 74 6.13% $13,126
    CROSSCOUNTRY MORTGAGE, LLC 69 6.24% $9,571
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 69 6.44% $8,819
    PRIMARY RESIDENTIAL MORTGAGE, INC. 66 6.25% $11,065
    Prosperity Home Mortgage, LLC 65 6.15% $11,705
    LOANDEPOT.COM, LLC 56 5.90% $10,438
    CMG MORTGAGE, INC. 53 6.20% $11,944
    Meridian Bank Corporation 53 6.14% $8,394
    GUARANTEED RATE AFFINITY, LLC 52 6.21% $9,914
    NEW DAY FINANCIAL, LLC 51 7.64% $17,589
    DHI MORTGAGE COMPANY, LTD. 49 5.43% $6,979
    The Federal Savings Bank 48 6.27% $20,791
    USAA Federal Savings Bank 47 6.22% $10,593
    PULTE MORTGAGE LLC 41 6.06% $9,058
    EMBRACE HOME LOANS, INC. 39 6.09% $13,341
    BAY CAPITAL MORTGAGE CORPORATION 37 6.18% $13,072
    First Federal Bank 36 5.55% $8,790
    GUARANTEED RATE, INC. 35 5.95% $9,490
    DIRECT MORTGAGE LOANS, LLC 35 6.66% $13,465
    Presidential Bank, FSB 32 6.23% $14,102
    DAS Acquisition Company, LLC 31 6.13% $13,321
    PENTAGON FEDERAL CREDIT UNION 30 5.90% $7,710
    Mr. Cooper ( Nationstar Mortgage ) 28 6.03% $10,808
    CLEARPATH LENDING 24 5.68% $10,687
    PLANET HOME LENDING, LLC 24 5.66% $6,749
    Residential Mortgage Solutions, Inc. 23 6.51% $8,613
    BAY EQUITY LLC 22 6.11% $11,767
    SWBC MORTGAGE CORPORATION 21 6.55% $12,618
    Sierra Pacific Mortgage Company, Inc. 21 6.41% $9,940
    Atlantic Coast Mortgage, LLC 21 6.09% $13,516
    NBKC BANK 19 5.93% $9,109
    SUN WEST MORTGAGE COMPANY, INC. 19 5.78% $11,363
    LAKEVIEW LOAN SERVICING, LLC 18 5.65% $7,090
    EAGLE HOME MORTGAGE, LLC 18 6.19% $11,350
    First Heritage Mortgage, LLC 18 6.18% $12,273
    GUILD MORTGAGE COMPANY 17 6.39% $11,538
    Armed Forces Bank 17 6.05% $10,963
    Barrington Bank & Trust Company, N.A. 16 6.38% $7,229
    Sandy Spring Bank 16 6.29% $12,038
    BROKER SOLUTIONS, INC. 15 6.47% $13,329
    Carrington Mortgage Services, LLC 15 6.13% $11,955
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 14 6.02% $10,263
    Ameris Bank 14 6.54% $7,772
    Truist 14 6.03% $12,323
    Shore United Bank 14 6.33% $12,401
    MUTUAL OF OMAHA MORTGAGE, INC. 13 6.13% $13,853
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 13 6.83% $11,893
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 13 6.20% $7,049
    M&T Bank 12 5.95% $13,851
    ENVOY MORTGAGE, LTD 12 6.50% $14,715
    INTERCOASTAL MORTGAGE COMPANY 12 6.11% $14,779
    SOUTHERN TRUST MORTGAGE, LLC 12 6.24% $14,048
    FIDELITY DIRECT MORTGAGE, LLC 11 6.38% $10,407
    Plains Commerce Bank 11 6.29% $10,241
    FIRST SAVINGS MORTGAGE CORPORATION 11 6.16% $13,375
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.70% $7,319
    EMM LOANS LLC 11 6.43% $8,437
    Flagstar Bank, FSB 11 5.95% $11,055
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 11 6.12% $10,455
    Paramount Residential Mortgage Group, Inc. 11 6.43% $13,227
    FIRST COMMUNITY MORTGAGE, INC. 11 6.10% $15,853
    BAYSHORE MORTGAGE FUNDING, LLC 10 6.24% $18,065
    Equity Prime Mortgage LLC 10 6.44% $15,899
    Lakeview Community Capital, LLC 10 5.75% $6,304
    Fulton Bank 10 6.28% $12,668
    Vellum Mortgage, Inc. 10 6.14% $13,855
    LOANPAL, LLC 10 5.99% $12,947
    Keystone Funding, Inc. 9 6.15% $9,775
    United Bank 9 5.94% $9,549
    HOMESIDE FINANCIAL, LLC 9 6.51% $8,594
    WesBanco 8 6.56% $10,418
    American Mortgage & Equity Consultants, Inc. 8 6.12% $10,721
    HOMESPIRE MORTGAGE CORPORATION 7 6.48% $12,528
    Credence Funding Corporation 7 5.88% $8,145
    AMERISAVE MORTGAGE CORPORATION 7 6.16% $18,787
    Strong Home Mortgage, LLC 6 5.96% $9,798
    Alcova Mortgage LLC 6 6.08% $7,915
    GoPrime Mortgage, Inc. 6 6.06% $17,587
    UNION HOME MORTGAGE CORP. 6 5.96% $13,913
    MICHIGAN MUTUAL, INC. 6 6.79% $8,378
    CHURCHILL MORTGAGE CORPORATION 6 6.38% $12,702
    RADIUS FINANCIAL GROUP INC. 6 6.77% $14,887
    PLAZA HOME MORTGAGE, INC. 6 5.77% $10,899
    U.S. Bank 6 5.98% $9,590
    HOMEBRIDGE FINANCIAL SERVICES, INC. 5 6.55% $4,853
    First National Bank of Pennsylvania 5 6.00% $16,992
    NATIONWIDE MORTGAGE BANKERS, INC. 5 6.70% $13,496
    AMERICAN FINANCIAL NETWORK, INC. 5 6.45% $11,455
    MORTGAGE SOLUTIONS OF COLORADO, LLC 5 7.25% $7,724
    NORWICH COMMERCIAL GROUP, INC. 5 5.98% $7,975
    CARDINAL FINANCIAL 4 5.62% $7,136
    JPMorgan Chase Bank 4 6.18% $5,778
    Century Mortgage Company DBA Century Lending Company 4 5.94% $6,400
    AmeriHome Mortgage Company, LLC 4 6.44% $13,893
    EQUITY RESOURCES, INC. 4 6.19% $7,597
    AFFORDABLE MORTGAGE ADVISORS, LLC. 4 6.44% $14,509
    TJC Mortgage, Inc. 4 5.78% $13,230
    TIDEWATER MORTGAGE SERVICES, INC. 4 6.44% $14,383
    THE MORTGAGE LINK, INC. 4 6.41% $20,517
    VAN DYK MORTGAGE CORPORATION 4 6.62% $7,627
    Wells Fargo Bank 4 6.44% $11,603
    ZILLOW HOME LOANS, LLC 3 5.88% $5,525
    AMERICAN FINANCIAL RESOURCES, INC. 3 5.92% $12,952
    CALCON MUTUAL MORTGAGE LLC 3 6.33% $8,894
    Capital Bank 3 6.50% $14,407
    C & F Mortgage Corporation 3 6.83% $16,362
    GENEVA FINANCIAL, LLC 3 6.83% $13,696
    Homesale Mortgage, LLC 3 6.42% $10,669
    LENOX FINANCIAL MORTGAGE CORPORATION 3 6.13% $6,225
    Mid-Continent Funding, Inc. 3 6.00% $7,969
    PHH Mortgage Corporation 3 5.75% $5,928
    PNC Bank 3 6.71% $5,650
    SeaTrust Mortgage Company 3 6.46% $13,147
    T2 FINANCIAL LLC 3 6.58% $17,318
    TOTAL MORTGAGE SERVICES, LLC 3 6.54% $27,726
    UNIVERSAL MORTGAGE & FINANCE, INC. 3 6.83% $16,085
    Watermark Capital, Inc. 3 6.63% $5,140
    1ST FINANCIAL, INC. 3 6.67% $14,122
    Waterstone Mortgage Corporation 2 6.50% $14,439
    RELIANCE FIRST CAPITAL, LLC 2 6.56% $20,558
    TOWNE MORTGAGE COMPANY 2 6.69% $11,972
    Integrity Home Mortgage Corp 2 5.75% $6,252
    CONTOUR MORTGAGE CORPORATION 2 6.88% $11,300
    HOMEAMERICAN MORTGAGE CORPORATION 2 5.94% $10,516
    MORTGAGEONE, INC. 2 6.00% $8,092
    ABERDEEN PROVING GROUND FEDERAL CREDIT UNION 2 6.56% $9,817
    University Bank 2 5.69% $10,909
    LEADERONE FINANCIAL CORPORATION 2 6.75% $8,420
    MORTGAGE EQUITY PARTNERS LLC 2 7.00% $21,860
    Bank of America 2 5.88% $14,246
    MORTGAGE ACCESS CORP. 2 6.25% $8,531
    The Loan Store, Inc. 2 6.12% $18,353
    LOANFLIGHT LENDING, LLC 2 5.50% $6,070
    Nations Lending Corporation 2 6.50% $6,517
    OCMBC, INC. 2 6.06% $10,369
    East Coast Capital Corp. 2 6.25% $7,278
    JAMS-01, INC. 2 5.75% $12,684
    MY MORTGAGE, INC. 2 6.25% $11,158
    EVERETT FINANCIAL, INC. 1 6.63% $6,705
    The Freedom Bank of Virginia 1 6.25% $16,427
    Encompass Lending Group, LP 1 6.50% $9,693
    DELMAR FINANCIAL COMPANY 1 6.75% $24,091
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 1 6.75% $4,202
    Cornerstone First Mortgage, Inc 1 6.63% $12,667
    Citizens Bank 1 6.00% $6,282
    CAPITAL CENTER, L.L.C. 1 6.50% $7,482
    ABSOLUTE HOME MORTGAGE CORPORATION 1 6.75% $5,940
    CANOPY MORTGAGE, LLC 1 6.50% $5,342
    BETTER MORTGAGE CORPORATION 1 5.63% $4,280
    North American Savings Bank, F.S.B. 1 6.00% $12,757
    Northwest Federal Credit Union 1 7.38% $8,000
    NETWORK CAPITAL FUNDING CORPORATION 1 6.00% $16,157
    Old National Bank 1 5.63% $9,461
    NATIONS DIRECT MORTGAGE, LLC 1 6.75% $14,653
    NATION ONE MORTGAGE CORPORATION 1 5.25% $7,081
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.99% $8,040
    Academy Bank 1 6.25% $4,285
    PREMIA MORTGAGE, LLC 1 5.99% $27,390
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 5.75% $8,823
    LIBERTY HOME MORTGAGE CORPORATION 1 7.13% $10,254
    LAND HOME FINANCIAL SERVICES, INC. 1 6.63% $10,258
    LADERA LENDING, INC. 1 6.63% $9,970
    JMAC LENDING, INC. 1 6.63% $4,834
    V.I.P. MORTGAGE, INC. 1 6.75% $4,242
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.13% $5,018
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 5.63% $17,179
    Franklin Loan Corporation 1 5.25% $9,225
    First Western Trust Bank 1 6.00% $625
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 1 7.00% $10,633
    First-Citizens Bank & Trust Company 1 6.13% $4,626
    SUCCESS MORTGAGE PARTNERS, INC. 1 5.88% $38,214
    Fifth Third Bank 1 5.63% $7,468
    Evolve Bank & Trust 1 6.25% $11,412
    Texana Bank 1 6.75% $12,412

    The top Baltimore VA lender as defined by loan originations is Mortgage Research Center, LLC, with 484 VA loans originated. Their average total fees are $8,060, which is $2,128 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Baltimore VA lenders (with over 10 loans originated) are Lakeview Community Capital, LLC ($6,304), PLANET HOME LENDING, LLC ($6,749), DHI MORTGAGE COMPANY, LTD. ($6,979), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. ($7,049) and LAKEVIEW LOAN SERVICING, LLC ($7,090).

    The lowest rate Baltimore VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.43%), First Federal Bank (5.55%), VILLAGE CAPITAL MORTGAGE (5.57%), PENNYMAC LOAN SERVICES, LLC (5.58%) and LAKEVIEW LOAN SERVICING, LLC (5.65%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.