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.
December 10, 2019
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%
The median home value for Johnstown, PA (Cambria County) is $88,211
The median household income for Johnstown, PA (Cambria County) is $46,317
Based on current mortgage rates and a 10% down payment, you need to make $16,366 per year to buy the median priced home in Johnstown
The home price you can afford to buy based on household income in Johnstown is 283% of the median home value which means housing prices are affordable
Johnstown (Cambria County) ranks 4 out of 67 counties in Pennsylvania and 389 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
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