Compare Current Hagerstown, Maryland Mortgage Rates

Compare Hagerstown, 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 Hagerstown.

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

Hagerstown, MD Mortgage Rates as of November 29, 2023
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

Get Personalized Mortgage Quotes

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details. Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

Get Free Personalized Mortgage Quotes

Compare Today's Hagerstown, MD Mortgage Rates

November 29, 2023

Current mortgage rates in Hagerstown, 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
Hagerstown, MD Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Hagerstown, Maryland?

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

The median home value for Hagerstown, MD (Washington County) is $273,369

Based on current mortgage rates and a 10% down payment, you need to make $57,029 per year to buy the median priced home in Hagerstown

With this income, you could qualify for a $246,032 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 Hagerstown is $1,321

The median household income for Hagerstown, MD (Washington County) is $66,321

Based on this income, you can afford a home valued at approximately $317,911

The home price you can afford to buy based on household income in Hagerstown is 116% of the median home value which means housing prices are average. Hagerstown (Washington County) ranks 14 out of 24 counties in Maryland and 2,570 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Hagerstown, Maryland

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hagerstown (Washington County) below.

Conforming loan limits for Hagerstown, MD

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Hagerstown, MD

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Hagerstown, MD

1 unit: $726,200

Additional Mortgage Resources for Hagerstown, MD Residents

Mortgage Rates for Maryland Cities

Annapolis Mortgage Rates

Baltimore Mortgage Rates

Baltimore city Mortgage Rates

Bethesda Mortgage Rates

Charles Mortgage Rates

Columbia Mortgage Rates

Elkton Mortgage Rates

Frederick Mortgage Rates

Hagerstown Mortgage Rates

Harford Mortgage Rates

Lexington Park Mortgage Rates

Prince Georges Mortgage Rates

Salisbury Mortgage Rates

Westminister Mortgage Rates