Compare Current Baltimore, Maryland Mortgage Rates

Compare Baltimore, MD mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Baltimore.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Baltimore. Plus, shopping lenders is free and there is no obligation.

Baltimore, MD Mortgage Rates as of May 26, 2022
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact
Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Baltimore, MD Mortgage Rates

May 26, 2022

Current mortgage rates in Baltimore, MD are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Baltimore, MD Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Baltimore, Maryland?

Below we provide helpful information on the real estate market, home prices and housing affordability in Baltimore. Understand how much you need to earn to afford a home in Baltimore, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Baltimore fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Baltimore is right for you.

The median home value for Baltimore, MD is $323,479

Based on current mortgage rates and a 10% down payment, you need to make $53,001 per year to buy the median priced home in Baltimore

With this income, you could qualify for a $291,131 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Baltimore is $1,227

The median household income for Baltimore, MD is $83,614

Based on this income, you can afford a home valued at approximately $510,321

The home price you can afford to buy based on household income in Baltimore is 158% of the median home value which means housing prices are average. Baltimore ranks 12 out of 24 counties in Maryland and 2,484 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Baltimore, MD is average


Loan Limits for Baltimore, Maryland

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Baltimore below.

Conforming loan limits for Baltimore, MD

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Baltimore, MD

1 unit: $583,050
2 units: $746,400
3 units: $902,250
4 units: $1,121,250

VA loan limits for Baltimore, MD

1 unit: $647,200

Additional Mortgage Resources for Baltimore, MD Residents

Mortgage Rates for Maryland Cities

Annapolis Mortgage Rates

Baltimore Mortgage Rates

Baltimore city Mortgage Rates

Bethesda Mortgage Rates

Charles Mortgage Rates

Columbia Mortgage Rates

Elkton Mortgage Rates

Frederick Mortgage Rates

Hagerstown Mortgage Rates

Harford Mortgage Rates

Lexington Park Mortgage Rates

Prince Georges Mortgage Rates

Salisbury Mortgage Rates

Westminister Mortgage Rates