Prince Georges

Current Mortgage Rates in Prince Georges, Maryland

Compare mortgage rates and fees for leading lenders in Prince Georges, 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 Prince Georges.

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

Mortgage Rates in Prince Georges, MD as of September 24, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Prince Georges, MD Mortgage Rates Compare?

September 24, 2020

The current average rate for a 30 year fixed rate mortgage in Prince Georges 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
Prince Georges, MD Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Prince Georges, Maryland?

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

The median home value for Prince Georges, MD is $335,769

Based on current mortgage rates and a 10% down payment, you need to make $60,430 per year to buy the median priced home in Prince Georges

With this income, you could qualify for a $302,192 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 Prince Georges is $1,399

The median household income for Prince Georges, MD is $82,902

Based on this income, you can afford a home valued at approximately $460,634

The home price you can afford to buy based on household income in Prince Georges is 137% of the median home value which means housing prices are average. Prince Georges ranks 18 out of 24 counties in Maryland and 2,703 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Prince Georges, MD is average


Loan Limits for Prince Georges, Maryland

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Prince Georges below.

Conforming loan limits for Prince Georges, MD

1 unit: $765,600
2 units: $980,325
3 units: $1,184,925
4 units: $1,472,550

FHA loan limits for Prince Georges, MD

1 unit: $765,600
2 units: $980,325
3 units: $1,184,925
4 units: $1,472,550

VA loan limits for Prince Georges, MD

1 unit: $765,600

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