Compare mortgage rates and fees for leading lenders in Johnstown, 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 Johnstown.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Johnstown. Plus, shopping lenders is free and there is no obligation.
July 12, 2020
The current average rate for a 30 year fixed rate mortgage in Johnstown 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Johnstown. Understand how much you need to earn to afford a home in Johnstown, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Johnstown 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 Johnstown is right for you.
The median home value for Johnstown, PA (Cambria County) is $90,504
Based on current mortgage rates and a 10% down payment, you need to make $16,288 per year to buy the median priced home in Johnstown
With this income, you could qualify for a $81,454 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 Johnstown is $377
The median household income for Johnstown, PA (Cambria County) is $47,399
Based on this income, you can afford a home valued at approximately $263,364
The home price you can afford to buy based on household income in Johnstown is 291% of the median home value which means housing prices are affordable. Johnstown (Cambria County) ranks 2 out of 67 counties in Pennsylvania and 344 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Johnstown, PA is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Johnstown (Cambria County) below.
Conforming loan limits for Johnstown, PA
FHA loan limits for Johnstown, PA
VA loan limits for Johnstown, PA