Current Mortgage Rates in Altoona, Pennsylvania

Compare mortgage rates and fees for leading lenders in Altoona, PA. 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 Altoona.

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

Mortgage Rates in Altoona, PA as of September 18, 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 Altoona, PA Mortgage Rates Compare?

September 18, 2020

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

How Affordable is Housing in Altoona, Pennsylvania?

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

The median home value for Altoona, PA (Blair County) is $135,100

Based on current mortgage rates and a 10% down payment, you need to make $24,315 per year to buy the median priced home in Altoona

With this income, you could qualify for a $121,590 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 Altoona is $563

The median household income for Altoona, PA (Blair County) is $48,159

Based on this income, you can afford a home valued at approximately $267,589

The home price you can afford to buy based on household income in Altoona is 198% of the median home value which means housing prices are average. Altoona (Blair County) ranks 28 out of 67 counties in Pennsylvania and 1,610 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Altoona, PA is average


Loan Limits for Altoona, Pennsylvania

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

Conforming loan limits for Altoona, PA

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Altoona, PA

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Altoona, PA

1 unit: $510,400

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