Compare mortgage rates and fees for leading lenders in Wilkes Barre, 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 Wilkes Barre.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Wilkes Barre. Plus, shopping lenders is free and there is no obligation.
October 14, 2019
The current average rate for a 30 year fixed rate mortgage in Wilkes Barre 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 Wilkes Barre, PA (Luzerne County) is $127,586
The median household income for Wilkes Barre, PA (Luzerne County) is $50,797
Based on current mortgage rates and a 10% down payment, you need to make $23,671 per year to buy the median priced home in Wilkes Barre
The home price you can afford to buy based on household income in Wilkes Barre is 215% of the median home value which means housing prices are affordable
Wilkes Barre (Luzerne County) ranks 18 out of 67 counties in Pennsylvania and 1,297 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Wilkes Barre, PA is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Wilkes Barre (Luzerne County) below.
Conforming loan limits for Wilkes Barre, PA
FHA loan limits for Wilkes Barre, PA
VA loan limits for Wilkes Barre, 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