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 25, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Lexington Park, MD Mortgage Rates

May 25, 2024

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
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?

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 $383,843

Based on current mortgage rates and a 10% down payment, you need to make $80,076 per year to buy the median priced home in Lexington Park

With this income, you could qualify for a $345,459 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 $1,854

The median household income for Lexington Park, MD (St. Marys County) is $109,980

Based on this income, you can afford a home valued at approximately $527,186

The home price you can afford to buy based on household income in Lexington Park is 137% of the median home value which means housing prices are average. Lexington Park (St. Marys County) ranks 3 out of 24 counties in Maryland and 2,178 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: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Lexington Park, MD

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Lexington Park, MD

1 unit: $726,200

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