Compare Arlington, 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 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.
January 25, 2022
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 $246,599
Based on current mortgage rates and a 10% down payment, you need to make $40,404 per year to buy the median priced home in Arlington
With this income, you could qualify for a $221,939 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 $936
The median household income for Arlington, VA is $67,736
Based on this income, you can afford a home valued at approximately $413,413
The home price you can afford to buy based on household income in Arlington is 168% of the median home value which means housing prices are average. Arlington ranks 61 out of 133 counties in Virginia and 2,348 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 average
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
FHA loan limits for Arlington, VA
VA loan limits for Arlington, VA