Compare Lebanon, PA mortgage rates and fees from top lenders. 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 lowest mortgage rates in Lebanon.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Lebanon. Plus, shopping lenders is free and there is no obligation.
May 26, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Lebanon. Understand how much you need to earn to afford a home in Lebanon, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Lebanon 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 Lebanon is right for you.
The median home value for Lebanon, PA is $224,087
Based on current mortgage rates and a 10% down payment, you need to make $36,716 per year to buy the median priced home in Lebanon
With this income, you could qualify for a $201,678 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 Lebanon is $850
The median household income for Lebanon, PA is $66,154
Based on this income, you can afford a home valued at approximately $403,755
The home price you can afford to buy based on household income in Lebanon is 180% of the median home value which means housing prices are average. Lebanon ranks 50 out of 67 counties in Pennsylvania and 2,117 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Lebanon, PA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Lebanon below.
Conforming loan limits for Lebanon, PA
FHA loan limits for Lebanon, PA
VA loan limits for Lebanon, PA