Compare mortgage rates and fees for leading lenders in Bethesda, MD. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Bethesda.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Bethesda. Plus, shopping lenders is free and there is no obligation.
July 12, 2020
The current average rate for a 30 year fixed rate mortgage in Bethesda is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
Below we provide helpful information on the real estate market, home prices and housing affordability in Bethesda. Understand how much you need to earn to afford a home in Bethesda, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bethesda fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Bethesda is right for you.
The median home value for Bethesda, MD (Montgomery County) is $514,292
Based on current mortgage rates and a 10% down payment, you need to make $92,559 per year to buy the median priced home in Bethesda
With this income, you could qualify for a $462,863 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Bethesda is $2,144
The median household income for Bethesda, MD (Montgomery County) is $108,816
Based on this income, you can afford a home valued at approximately $604,619
The home price you can afford to buy based on household income in Bethesda is 118% of the median home value which means housing prices are average. Bethesda (Montgomery County) ranks 23 out of 24 counties in Maryland and 2,871 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bethesda, MD is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bethesda (Montgomery County) below.
Conforming loan limits for Bethesda, MD
FHA loan limits for Bethesda, MD
VA loan limits for Bethesda, MD