Compare Current Spotsylvania, Virginia Mortgage Rates

Compare Spotsylvania, 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 Spotsylvania.

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

Spotsylvania, VA Mortgage Rates as of April 12, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Spotsylvania, VA Mortgage Rates

April 12, 2024

Current mortgage rates in Spotsylvania, VA are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Spotsylvania, VA Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Spotsylvania, Virginia?

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

The median home value for Spotsylvania, VA is $389,804

Based on current mortgage rates and a 10% down payment, you need to make $81,319 per year to buy the median priced home in Spotsylvania

With this income, you could qualify for a $350,824 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 Spotsylvania is $1,883

The median household income for Spotsylvania, VA is $102,768

Based on this income, you can afford a home valued at approximately $492,617

The home price you can afford to buy based on household income in Spotsylvania is 126% of the median home value which means housing prices are average. Spotsylvania ranks 74 out of 133 counties in Virginia and 2,396 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Spotsylvania, Virginia

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

Conforming loan limits for Spotsylvania, VA

1 unit: $1,089,300
2 units: $1,394,775
3 units: $1,685,850
4 units: $2,095,200

FHA loan limits for Spotsylvania, VA

1 unit: $1,089,300
2 units: $1,394,775
3 units: $1,685,850
4 units: $2,095,200

VA loan limits for Spotsylvania, VA

1 unit: $1,089,300

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