»
»
Lexington Park

Current Mortgage Rates in Lexington Park, Maryland

Compare mortgage rates and fees for leading lenders in Lexington Park, 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 Lexington Park.

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

%
Mortgage Rates in Lexington Park, MD as of August 19, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Lexington Park, MD

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.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Lexington Park, MD Mortgage Rates Compare?

August 19, 2019

The current average rate for a 30 year fixed rate mortgage in Lexington Park 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%

Mortgage Program
Today's
Lexington Park, MD Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Lexington Park, Maryland?

The median home value for Lexington Park, MD (St. Marys County) is $313,698

The median household income for Lexington Park, MD (St. Marys County) is $89,153

Based on current mortgage rates and a 10% down payment, you need to make $58,201 per year to buy the median priced home in Lexington Park

The home price you can afford to by based on household income in Lexington Park is 153% of the median home value which means housing prices are average

Lexington Park (St. Marys County) ranks 7 out of 24 counties in Maryland and 2,498 out of 3,142 counties in the United States for housing affordability.

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

orange-simple-house
ruler

Loan Limits for Lexington Park, Maryland

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

Conforming loan limits for Lexington Park, MD

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Lexington Park, MD

1 unit: $347,300
2 units: $444,600
3 units: $537,400
4 units: $667,900

VA loan limits for Lexington Park, MD

1 unit: $484,350

Additional Mortgage Resources for Lexington Park, 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

Sources

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