Compare Harford, 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 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.
July 2, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Harford. Understand how much you need to earn to afford a home in Harford, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Harford 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 Harford is right for you.
The median home value for Harford, MD is $572,253
Based on current mortgage rates and a 10% down payment, you need to make $93,761 per year to buy the median priced home in Harford
With this income, you could qualify for a $515,027 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 Harford is $2,171
The median household income for Harford, MD is $131,454
Based on this income, you can afford a home valued at approximately $802,299
The home price you can afford to buy based on household income in Harford is 140% of the median home value which means housing prices are average. Harford ranks 23 out of 24 counties in Maryland and 2,713 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