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.
December 12, 2019
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%
The median home value for Chambersburg, PA (Franklin County) is $190,190
The median household income for Chambersburg, PA (Franklin County) is $60,048
Based on current mortgage rates and a 10% down payment, you need to make $35,286 per year to buy the median priced home in Chambersburg
The home price you can afford to buy based on household income in Chambersburg is 170% of the median home value which means housing prices are average
Chambersburg (Franklin County) ranks 50 out of 67 counties in Pennsylvania and 2,186 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
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
FHA loan limits for Chambersburg, PA
VA loan limits for Chambersburg, PA
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