Compare Current Amherst, Massachusetts Mortgage Rates

Compare Amherst, MA 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 Amherst.

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

Amherst, MA Mortgage Rates as of September 25, 2022
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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.


Compare Today's Amherst, MA Mortgage Rates

September 25, 2022

Current mortgage rates in Amherst, MA 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
Amherst, MA Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Amherst, Massachusetts?

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

The median home value for Amherst, MA (Hampshire County) is $356,551

Based on current mortgage rates and a 10% down payment, you need to make $58,419 per year to buy the median priced home in Amherst

With this income, you could qualify for a $320,896 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 Amherst is $1,353

The median household income for Amherst, MA (Hampshire County) is $80,825

Based on this income, you can afford a home valued at approximately $493,301

The home price you can afford to buy based on household income in Amherst is 138% of the median home value which means housing prices are average. Amherst (Hampshire County) ranks 2 out of 14 counties in Massachusetts and 2,727 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Amherst, MA is average


Loan Limits for Amherst, Massachusetts

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

Conforming loan limits for Amherst, MA

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Amherst, MA

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

VA loan limits for Amherst, MA

1 unit: $647,200

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