Compare Stafford, 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 Stafford.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Stafford. Plus, shopping lenders is free and there is no obligation.
December 7, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Stafford. Understand how much you need to earn to afford a home in Stafford, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Stafford 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 Stafford is right for you.
The median home value for Stafford, VA is $487,813
Based on current mortgage rates and a 10% down payment, you need to make $101,766 per year to buy the median priced home in Stafford
With this income, you could qualify for a $439,031 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 Stafford is $2,357
The median household income for Stafford, VA is $118,963
Based on this income, you can afford a home valued at approximately $570,248
The home price you can afford to buy based on household income in Stafford is 117% of the median home value which means housing prices are average. Stafford ranks 90 out of 133 counties in Virginia and 2,559 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Stafford, VA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Stafford below.
Conforming loan limits for Stafford, VA
FHA loan limits for Stafford, VA
VA loan limits for Stafford, VA