»
»
Lexington Park

Compare Current Lexington Park, Maryland Mortgage Rates

Compare Lexington Park, 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 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.

%
Lexington Park, MD Mortgage Rates as of May 24, 2022
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact
Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

Compare Today's Lexington Park, MD Mortgage Rates

May 24, 2022

Current mortgage rates in Lexington Park, 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
Today's
Lexington Park, MD Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.250%
15 Year Fixed Rate
%
4.430%
5/1 Adjustable Rate Mortgage
%
4.080%

How Affordable is Housing in Lexington Park, Maryland?

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

The median home value for Lexington Park, MD (St. Marys County) is $357,041

Based on current mortgage rates and a 10% down payment, you need to make $58,500 per year to buy the median priced home in Lexington Park

With this income, you could qualify for a $321,336 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 Lexington Park is $1,355

The median household income for Lexington Park, MD (St. Marys County) is $97,111

Based on this income, you can afford a home valued at approximately $592,697

The home price you can afford to buy based on household income in Lexington Park is 166% of the median home value which means housing prices are average. Lexington Park (St. Marys County) ranks 9 out of 24 counties in Maryland and 2,377 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: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Lexington Park, MD

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Lexington Park, MD

1 unit: $647,200

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