Compare mortgage rates and fees for leading lenders in Washington, 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 Washington.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Washington. Plus, shopping lenders is free and there is no obligation.
July 11, 2020
The current average rate for a 30 year fixed rate mortgage in Washington 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 Washington. Understand how much you need to earn to afford a home in Washington, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Washington 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 Washington is right for you.
The median home value for Washington, PA is $189,897
Based on current mortgage rates and a 10% down payment, you need to make $34,177 per year to buy the median priced home in Washington
With this income, you could qualify for a $170,907 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 Washington is $791
The median household income for Washington, PA is $62,550
Based on this income, you can afford a home valued at approximately $347,548
The home price you can afford to buy based on household income in Washington is 183% of the median home value which means housing prices are average. Washington ranks 38 out of 67 counties in Pennsylvania and 1,896 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Washington, PA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Washington below.
Conforming loan limits for Washington, PA
FHA loan limits for Washington, PA
VA loan limits for Washington, PA