»
»
Leesburg

Current Mortgage Rates in Leesburg, Virginia

Compare mortgage rates and fees for leading lenders in Leesburg, 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 Leesburg.

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

%
Mortgage Rates in Leesburg, VA as of September 30, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
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.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Leesburg, VA Mortgage Rates Compare?

September 30, 2020

The current average rate for a 30 year fixed rate mortgage in Leesburg 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
Leesburg, 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 Leesburg, Virginia?

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

The median home value for Leesburg, VA (Loudoun County) is $555,610

Based on current mortgage rates and a 10% down payment, you need to make $99,995 per year to buy the median priced home in Leesburg

With this income, you could qualify for a $500,049 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 Leesburg is $2,316

The median household income for Leesburg, VA (Loudoun County) is $136,669

Based on this income, you can afford a home valued at approximately $759,381

The home price you can afford to buy based on household income in Leesburg is 137% of the median home value which means housing prices are average. Leesburg (Loudoun County) ranks 102 out of 133 counties in Virginia and 2,707 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Leesburg, VA is average

orange-simple-house
ruler

Loan Limits for Leesburg, Virginia

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Leesburg (Loudoun County) below.

Conforming loan limits for Leesburg, VA

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

FHA loan limits for Leesburg, VA

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

VA loan limits for Leesburg, VA

1 unit: $765,600

Additional Mortgage Resources for Leesburg, VA Residents

Mortgage Rates for Virginia Cities

Albemarle Mortgage Rates

Alexandria Mortgage Rates

Arlington Mortgage Rates

Blacksburg Mortgage Rates

Chesapeake Mortgage Rates

Chester Mortgage Rates

Fairfax Mortgage Rates

Hampton Mortgage Rates

Hanover Mortgage Rates

Leesburg Mortgage Rates

Newport News Mortgage Rates

Norfolk Mortgage Rates

Portsmouth Mortgage Rates

Prince William Mortgage Rates

Richmond city Mortgage Rates

Roanoke city Mortgage Rates

Spotsylvania Mortgage Rates

Stafford Mortgage Rates

Tuckahoe Mortgage Rates

Virginia Beach Mortgage Rates