Compare Alexandria, VA 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 Alexandria.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Alexandria. Plus, shopping lenders is free and there is no obligation.
January 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Alexandria. Understand how much you need to earn to afford a home in Alexandria, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Alexandria 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 Alexandria is right for you.
The median home value for Alexandria, VA is $678,887
Based on current mortgage rates and a 10% down payment, you need to make $111,233 per year to buy the median priced home in Alexandria
With this income, you could qualify for a $610,998 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 Alexandria is $2,576
The median household income for Alexandria, VA is $109,102
Based on this income, you can afford a home valued at approximately $665,882
The home price you can afford to buy based on household income in Alexandria is 98% of the median home value which means housing prices are expensive. Alexandria ranks 131 out of 133 counties in Virginia and 3,030 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Alexandria, VA is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Alexandria below.
Conforming loan limits for Alexandria, VA
FHA loan limits for Alexandria, VA
VA loan limits for Alexandria, VA