Compare mortgage rates and fees for leading lenders in Hagerstown, 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 Hagerstown.
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September 22, 2019
The current average rate for a 30 year fixed rate mortgage in Hagerstown 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%
The median home value for Hagerstown, MD (Washington County) is $232,246
The median household income for Hagerstown, MD (Washington County) is $60,041
Based on current mortgage rates and a 10% down payment, you need to make $43,089 per year to buy the median priced home in Hagerstown
The home price you can afford to buy based on household income in Hagerstown is 139% of the median home value which means housing prices are average
Hagerstown (Washington County) ranks 15 out of 24 counties in Maryland and 2,691 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
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
FHA loan limits for Hagerstown, MD
VA loan limits for Hagerstown, MD
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index