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Chambersburg

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.

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Mortgage Rates in Chambersburg, PA as of August 22, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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 Chambersburg, PA Mortgage Rates Compare?

August 22, 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%

Mortgage Program
Today's
Chambersburg, PA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Chambersburg, Pennsylvania?

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 by 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

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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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Chambersburg, PA

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Chambersburg, PA

1 unit: $484,350

Additional Mortgage Resources for Chambersburg, PA Residents

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Sources

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