A statically and dynamically pressure balanced fluid control valve (10). The valve (10) contains a spool (24) that is moved within an inner chamber (26) of a valve housing (28) by a pair of solenoids (34, 36). The ports are symmetrically located on each side of a center port (20), wherein the resultant fluid forces on the spool (24) are in opposite directions. The opposing forces create a net fluid force of approximately zero, so that the spool (24) is dynamically pressure balanced when the valve (10) is switched to a new position. The spool (24) also has an inner channel (40) and a pair of end openings (42) that are in fluid communication with the inner chamber (26) of the valve (10). When the spool (24) is pulled to a new position, the end openings (42) and inner channel (40) allow fluid within the inner chamber (26) to flow out of the space between the end of the spool (24) and the housing (28).