What are the average closing costs in Baltimore city County?

In Baltimore city County, the median total loan costs on purchase mortgages were $7,151 in 2024, based on 4,537 originations.

Which lender has the lowest closing costs in Baltimore city County?

Among lenders with 10+ originations in Baltimore city County, Bank of America, National Association had the lowest median total closing costs at $2,256 in 2024.

How do closing costs in Baltimore city County compare to Maryland?

Baltimore city County closing costs (median $7,151) are 9.7% below the Maryland state median of $7,916.

Lowest closing cost mortgage lenders in Baltimore city County, Maryland

In Baltimore city, Maryland, homebuyers paid a median of $7,151 in closing costs in 2024 — below the Maryland median of $7,916. The county saw 4,537 purchase mortgages at a median rate of 6.62%. Among lenders with 10+ originations, Bank of America, National Association offered the lowest median costs at $2,256, which is $3,316 less than the county median.

Homebuyers in Baltimore city County who chose Bank of America, National Association paid $4,895 less in closing costs than the county median.

County Median Costs

$7,151

−9.7% vs Maryland ($7,916)

Median Rate

6.620%

+0.0% vs national (6.620%)

Median Origination

$2,345

Purchase Originations

4,537

vs Maryland Median

9.7% below

$-765

vs National Median

6.1% above

$410

Lender rankings in Baltimore city County

68 lenders with 10+ originations, ranked by median total loan costs.

Rank	Lender	Median Total Costs ↑	Median Rate ↕	Median Origination ↕	Volume ↕	vs. Median
1	Bank of America, National Association	$2,256	6.125%	$1,313	82	−$3,316
2	NAVY FEDERAL CREDIT UNION	$3,477	6.750%	$0	80	−$2,095
3	TD Bank, National Association	$3,700	7.125%	$699	20	−$1,872
4	Wells Fargo Bank, National Association	$4,034	6.500%	$2,052	37	−$1,538
5	STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED	$4,232	6.375%	$1,328	27	−$1,340
6	Homesale Mortgage, LLC	$4,347	6.938%	$1,700	14	−$1,225
7	PROVIDENT FUNDING ASSOCIATES, L.P.	$4,506	6.500%	$1,125	39	−$1,066
8	First Heritage Mortgage, LLC	$4,521	6.437%	$1,360	10	−$1,051
9	United Bank	$4,548	6.490%	$1,300	28	−$1,024
10	MERIDIAN BANK	$4,677	6.625%	$1,355	85	−$895
11	U.S. Bank National Association	$4,689	6.750%	$995	10	−$883
12	Truist Bank	$4,696	6.490%	$1,391	69	−$876
13	GUILD MORTGAGE COMPANY LLC	$4,790	6.624%	$1,649	12	−$782
14	HOMESPIRE MORTGAGE CORPORATION	$4,818	7.000%	$2,487	11	−$754
15	TowneBank	$4,863	6.438%	$1,845	22	−$709
16	First National Bank of Pennsylvania	$4,886	6.375%	$1,185	39	−$686
17	Manufacturers and Traders Trust Company	$4,928	6.500%	$1,631	23	−$644
18	Prosperity Home Mortgage, LLC	$4,940	6.625%	$2,026	32	−$632
19	GUARANTEED RATE, INC.	$4,941	6.525%	$1,640	23	−$631
20	JPMorgan Chase Bank, National Association	$5,004	6.500%	$1,935	175	−$568
21	PNC Bank, National Association	$5,005	6.375%	$1,810	28	−$567
22	GUARANTEED RATE AFFINITY, LLC	$5,019	6.875%	$1,640	15	−$553
23	CMG MORTGAGE, INC.	$5,043	6.990%	$1,611	20	−$529
24	Fulton Bank, National Association	$5,117	6.625%	$2,323	48	−$455
25	Sandy Spring Bank	$5,230	6.750%	$1,598	29	−$342
26	SWBC MORTGAGE CORPORATION	$5,290	6.875%	$2,220	10	−$282
27	ROCKET MORTGAGE, LLC	$5,301	6.625%	$3,012	154	−$271
28	MOVEMENT MORTGAGE, LLC	$5,328	6.963%	$2,235	24	−$244
29	Cazle Mortgage, Inc.	$5,382	7.125%	$2,495	15	−$190
30	BAY EQUITY LLC	$5,400	6.558%	$2,140	22	−$172
31	PRIMELENDING, A PLAINSCAPITAL COMPANY	$5,405	6.625%	$2,743	47	−$167
32	FAIRWAY INDEPENDENT MORTGAGE CORPORATION	$5,504	6.990%	$2,411	84	−$68
33	LOWER, LLC	$5,591	6.750%	$2,141	23	+$19
34	DIRECT MORTGAGE LOANS, LLC	$5,669	6.625%	$2,436	60	+$97
35	CROSSCOUNTRY MORTGAGE, LLC	$5,690	6.625%	$2,875	39	+$118
36	DAS ACQUISITION COMPANY, LLC	$5,695	6.625%	$2,775	68	+$123
37	BAY CAPITAL MORTGAGE CORPORATION	$5,766	6.625%	$2,326	18	+$194
38	NEW AMERICAN FUNDING, LLC	$5,776	7.000%	$1,785	21	+$204
39	Capital Bank, National Association	$6,134	6.625%	$2,524	11	+$562
40	NFM, INC.	$6,186	6.875%	$3,053	134	+$614
41	Ameris Bank	$6,232	6.625%	$2,799	65	+$660
42	SIERRA PACIFIC MORTGAGE COMPANY, INC.	$6,253	6.625%	$3,989	11	+$681
43	CHURCHILL MORTGAGE CORPORATION	$6,271	6.625%	$2,608	10	+$699
44	EMBRACE HOME LOANS, INC.	$6,360	6.990%	$3,383	17	+$788
45	Plains Commerce Bank	$6,846	6.625%	$3,514	11	+$1,274
46	NEWREZ LLC	$7,033	6.875%	$3,921	21	+$1,461
47	PRIMARY RESIDENTIAL MORTGAGE, INC.	$7,177	6.625%	$4,280	171	+$1,605
48	UNION HOME MORTGAGE CORP.	$7,321	7.000%	$4,280	14	+$1,749
49	ENVOY MORTGAGE, LTD	$7,404	6.625%	$3,873	16	+$1,832
50	FREEDOM MORTGAGE CORPORATION	$7,461	6.990%	$4,545	13	+$1,889
51	City Lending Inc.	$7,640	7.125%	$4,756	16	+$2,068
52	UNITED WHOLESALE MORTGAGE, LLC	$7,903	6.625%	$4,946	124	+$2,331
53	AMERITRUST MORTGAGE CORPORATION	$8,593	8.250%	$5,339	13	+$3,021
54	FIRST HOME MORTGAGE CORPORATION	$8,652	6.625%	$5,343	201	+$3,080
55	THE LOAN STORE, INC.	$8,943	6.933%	$5,968	16	+$3,371
56	AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC	$9,228	7.125%	$5,781	24	+$3,656
57	First National Bank of America	$9,993	9.740%	$7,315	14	+$4,421

Includes lenders with 10+ purchase originations in Baltimore city County. Source: HMDA 2024. Sorted by median total loan costs.

View detailed closing cost breakdowns and user reviews for lenders in Maryland → Lender Directory

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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).

Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.