Compare mortgage rates and fees for leading lenders in Harford, 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 Harford.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Harford. Plus, shopping lenders is free and there is no obligation.
December 12, 2019
The current average rate for a 30 year fixed rate mortgage in Harford 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 Harford, MD is $309,465
The median household income for Harford, MD is $85,996
Based on current mortgage rates and a 10% down payment, you need to make $57,416 per year to buy the median priced home in Harford
The home price you can afford to buy based on household income in Harford is 150% of the median home value which means housing prices are average
Harford ranks 9 out of 24 counties in Maryland and 2,545 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Harford, MD is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Harford below.
Conforming loan limits for Harford, MD
FHA loan limits for Harford, MD
VA loan limits for Harford, 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