Assumable Mortgages in Maryland

Assumable Homes in Maryland

Maryland's proximity to Washington DC and its large federal and military workforce make it one of the more active assumable homes markets on the East Coast. Our Maryland dataset covers approximately 62,000 FHA and VA assumable properties across 1,406 census tracts, with a median note rate of 3.8%.

The Baltimore metro — including Baltimore City, Baltimore County, Anne Arundel, Howard, and Prince George's counties — accounts for the majority of Maryland's assumable property inventory. Prince George's County in particular has a high concentration of FHA assumable homes, reflecting the county's historically strong FHA origination rates among first-time buyers.

Maryland's military installations — Andrews Air Force Base (now Joint Base Andrews), Fort Meade, Aberdeen Proving Ground, and Naval Academy in Annapolis — generate meaningful VA assumable property inventory across the state. The DC suburbs of Montgomery and Prince George's counties also carry VA assumable homes tied to the large federal workforce.

At 6.4 years median age and a 3.8% median note rate, Maryland's assumable obligations largely date to the 2019–2022 rate environment. In a state where Baltimore-area median home prices have risen significantly since 2020, assuming an existing obligation at 3.8% versus originating new can represent $600 to $1,200 per month in savings. Our Maryland data list covers all 24 counties and Baltimore City at the census-tract level.