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Prince William

Current Mortgage Rates in Prince William, Virginia

Compare mortgage rates and fees for leading lenders in Prince William, 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 Prince William.

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

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Mortgage Rates in Prince William, VA as of September 19, 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 Prince William, VA Mortgage Rates Compare?

September 19, 2020

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

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

The median home value for Prince William, VA is $413,650

Based on current mortgage rates and a 10% down payment, you need to make $74,446 per year to buy the median priced home in Prince William

With this income, you could qualify for a $372,285 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 Prince William is $1,724

The median household income for Prince William, VA is $106,581

Based on this income, you can afford a home valued at approximately $592,202

The home price you can afford to buy based on household income in Prince William is 143% of the median home value which means housing prices are average. Prince William ranks 91 out of 133 counties in Virginia and 2,619 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Prince William, Virginia

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

Conforming loan limits for Prince William, VA

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

FHA loan limits for Prince William, VA

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

VA loan limits for Prince William, VA

1 unit: $765,600

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