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FHA loans in Baltimore, MD

Quick answer

The 2026 FHA loan limit in Baltimore, MD (Baltimore city) is $747,500 for a single-family home, enough for a purchase price up to about $774,000 with 3.5% down. On the $219,300 median home value, that down payment is about $7,676 and the estimated payment is $1,870/month at 7.18%, which needs roughly $81,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $59,623; value-to-income ratio 3.68. Baltimore ranks 133 by home value and 1 by population among 138 places in our MD dataset.

What does an FHA loan cost on a typical Baltimore home?

ItemBaltimore
Median home value (Census ACS)$219,300
Maryland median home value$397,700
Down payment (3.5%)$7,676
Loan incl. 1.75% upfront MIP$215,328
Estimated monthly payment (PITI + MI)$1,870
Income needed (28% / 36%)$81,000 / $63,000
Baltimore city 2026 FHA limit (1 unit)$747,500
Max purchase price at the limit$774,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Maryland's 1.00% effective property tax rate (Census ACS), $1,578/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Baltimore?

Baltimore is in Baltimore city where HUD's 2026 one-unit FHA limit is $747,500. With the minimum 3.5% down, that caps the purchase price at about $774,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Baltimore median home value of $219,300 is 45% below the Maryland median, and within what the county limit supports.

Which down payment assistance programs can Baltimore buyers use?

FHA loans in nearby cities

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FHA loan FAQs for Baltimore

Baltimore is in Baltimore city, where HUD's 2026 FHA limit for a one-unit home is $747,500. With 3.5% down, that supports a purchase price up to about $774,000.

3.5% of $219,300 is about $7,676 with a 580+ credit score (10%, or $21,930, with a 500–579 score), plus closing costs.

At the $219,300 median value (below the Maryland median of $397,700), the estimated payment of $1,870/month at 7.18% needs about $81,000 a year under the 28% housing guideline, or $63,000 if your total debts stay under 36%.

5 city-level, 0 county-level and 2 statewide programs are verified for this city (7 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.