Current Mortgage Rates in Amherst, Massachusetts

Compare mortgage rates and fees for leading lenders in Amherst, MA. 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 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.

Mortgage Rates in Amherst, MA as of December 14, 2019
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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 Amherst, MA Mortgage Rates Compare?

December 14, 2019

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

How Affordable is Housing in Amherst, Massachusetts?

The median home value for Amherst, MA (Hampshire County) is $275,932

The median household income for Amherst, MA (Hampshire County) is $66,960

Based on current mortgage rates and a 10% down payment, you need to make $51,194 per year to buy the median priced home in Amherst

The home price you can afford to buy based on household income in Amherst is 131% of the median home value which means housing prices are average

Amherst (Hampshire County) ranks 3 out of 14 counties in Massachusetts and 2,784 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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Amherst, MA

1 unit: $318,550
2 units: $407,800
3 units: $492,950
4 units: $612,600

VA loan limits for Amherst, MA

1 unit: $484,350

Additional Mortgage Resources for Amherst, MA 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