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Arlington

Current Mortgage Rates in Arlington, Virginia

Compare mortgage rates and fees for leading lenders in Arlington, VA. 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 Arlington.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Arlington. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Arlington, VA as of September 22, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
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How Do Today's Arlington, VA Mortgage Rates Compare?

September 22, 2020

The current average rate for a 30 year fixed rate mortgage in Arlington 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%

Mortgage Program
Today's
Arlington, VA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Arlington, Virginia?

Below we provide helpful information on the real estate market, home prices and housing affordability in Arlington. Understand how much you need to earn to afford a home in Arlington, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Arlington 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 Arlington is right for you.

The median home value for Arlington, VA is $823,569

Based on current mortgage rates and a 10% down payment, you need to make $148,221 per year to buy the median priced home in Arlington

With this income, you could qualify for a $741,212 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 Arlington is $3,433

The median household income for Arlington, VA is $118,265

Based on this income, you can afford a home valued at approximately $657,124

The home price you can afford to buy based on household income in Arlington is 80% of the median home value which means housing prices are very expensive. Arlington ranks 132 out of 133 counties in Virginia and 3,088 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Arlington, VA is very expensive

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Loan Limits for Arlington, Virginia

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Arlington below.

Conforming loan limits for Arlington, VA

1 unit: $765,600
2 units: $980,325
3 units: $1,184,925
4 units: $1,472,550

FHA loan limits for Arlington, VA

1 unit: $765,600
2 units: $980,325
3 units: $1,184,925
4 units: $1,472,550

VA loan limits for Arlington, VA

1 unit: $765,600

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