Mortgage Rates in Bel Air, Maryland — April 2026
Updated April 2026 | Based on Bel Air market data and regional lending conditions
Bel Air is a smaller Maryland community of 10,792 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.72% (0.63% above the national average). At a median home price of $312,000, the estimated $1,879/month payment (with 20% down) is affordable on the local median income of $86,700.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In Bel Air, MD, the current 30-year rate is 6.72%. Shorter terms (15-year fixed at 5.97% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments — see our 15-year vs 30-year comparison for the math. Government-backed options include FHA loans (6.49%) and VA loans (6.24%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Bel Air, MD
Below are the current average mortgage rates available in the Bel Air area as of April 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.72% | 6.09% | +0.63% |
| 15-Year Fixed | 5.97% | 5.58% | +0.39% |
| 5/1 ARM | 6.23% | 5.95% | +0.28% |
| FHA | 6.49% | 5.85% | +0.64% |
| VA | 6.24% | 5.65% | +0.59% |
| Jumbo | 6.97% | 6.25% | +0.72% |
Bel Air Housing Market Overview
Housing in Bel Air sits near the national average at $312,000. With a median household income of $86,700 and a cost of living index of 106.3, most local earners can qualify for a mortgage on a median-priced home.
Monthly Payment Breakdown for Bel Air
Based on the median home price of $312,000 with 20% down ($62,400), here is what you can expect to pay monthly in Bel Air:
15-Year vs. 30-Year Mortgage in Bel Air
Choosing a 15-year mortgage in Bel Air at 5.97% instead of a 30-year at 6.72% would save you $202,680 in total interest over the life of the loan. However, your monthly payment would be $2,102 instead of $1,614 — an increase of $488 per month.
Calculate Your Bel Air Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Bel Air
What are the current mortgage rates in Bel Air, MD?
As of April 2026, the average 30-year fixed mortgage rate in Bel Air, Maryland is 6.72%, while the 15-year fixed rate is 5.97%. FHA loans average 6.49% and VA loans 6.24%. These rates are 0.63% above the national average of 6.09%.
How much is a monthly mortgage payment in Bel Air?
Based on the median home price of $312,000 with 20% down, the estimated monthly mortgage payment in Bel Air is $1,614 for principal and interest. Including property taxes of $265/month, the total monthly housing cost is approximately $1,879.
What income do I need to buy a home in Bel Air?
Using the 28% rule, you would need an annual income of approximately $80,529 to afford the median-priced home in Bel Air at $312,000. The median household income in Bel Air is $86,700. The median income is currently sufficient to meet this threshold.
Is Bel Air a good place to buy a home in 2026?
Bel Air has a moderate cost of living with a cost of living index of 106.3 (national average = 100). The property tax rate in Maryland is 1.02%, which is near the national average. Bel Air has a population of 10,792 and offers a balanced lifestyle.
Mortgage Rates in Other Maryland Cities
Related Tools & Guides
📊 Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), weekly national average adjusted for Maryland regional spread.
- Median home price: $312,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 1.02% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $86,700 per US Census Bureau ACS 5-year estimate.
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated: April 2026. Rates are approximate averages based on regional lending data for the Bel Air, Maryland area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.