Current Mortgage Rates in Chambersburg, Pennsylvania

Compare mortgage rates and fees for leading lenders in Chambersburg, 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 Chambersburg.

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

Mortgage Rates in Chambersburg, PA as of September 19, 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 Chambersburg, PA Mortgage Rates Compare?

September 19, 2020

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

How Affordable is Housing in Chambersburg, Pennsylvania?

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

The median home value for Chambersburg, PA (Franklin County) is $197,607

Based on current mortgage rates and a 10% down payment, you need to make $35,564 per year to buy the median priced home in Chambersburg

With this income, you could qualify for a $177,847 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 Chambersburg is $824

The median household income for Chambersburg, PA (Franklin County) is $61,451

Based on this income, you can afford a home valued at approximately $341,442

The home price you can afford to buy based on household income in Chambersburg is 173% of the median home value which means housing prices are average. Chambersburg (Franklin County) ranks 48 out of 67 counties in Pennsylvania and 2,112 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Chambersburg, Pennsylvania

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

Conforming loan limits for Chambersburg, PA

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

FHA loan limits for Chambersburg, PA

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

VA loan limits for Chambersburg, PA

1 unit: $510,400

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