Compare Current Charles, Maryland Mortgage Rates

Compare Charles, MD mortgage rates and fees from top lenders. 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 lowest mortgage rates in Charles.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Charles. Plus, shopping lenders is free and there is no obligation.

Charles, MD Mortgage Rates as of June 25, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Charles, MD Mortgage Rates

June 25, 2022

Current mortgage rates in Charles, MD are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Charles, MD Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Charles, Maryland?

Below we provide helpful information on the real estate market, home prices and housing affordability in Charles. Understand how much you need to earn to afford a home in Charles, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Charles 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 Charles is right for you.

The median home value for Charles, MD is $371,887

Based on current mortgage rates and a 10% down payment, you need to make $60,932 per year to buy the median priced home in Charles

With this income, you could qualify for a $334,698 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 Charles is $1,411

The median household income for Charles, MD is $108,090

Based on this income, you can afford a home valued at approximately $659,708

The home price you can afford to buy based on household income in Charles is 177% of the median home value which means housing prices are average. Charles ranks 2 out of 24 counties in Maryland and 2,173 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Charles, MD is average


Loan Limits for Charles, Maryland

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Charles below.

Conforming loan limits for Charles, MD

1 unit: $970,800
2 units: $1,243,050
3 units: $1,502,475
4 units: $1,867,275

FHA loan limits for Charles, MD

1 unit: $970,800
2 units: $1,243,050
3 units: $1,502,475
4 units: $1,867,275

VA loan limits for Charles, MD

1 unit: $970,800

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