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 December 10, 2019
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Get Personalized Mortgage Quotes for Lexington Park, MD

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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?

December 10, 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
Lexington Park, MD Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

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 buy 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


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

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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