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Martinsburg

Compare Current Martinsburg, West Virginia Mortgage Rates

Compare Martinsburg, WV 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 Martinsburg.

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

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Martinsburg, WV Mortgage Rates as of June 25, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Martinsburg, WV Mortgage Rates

June 25, 2022

Current mortgage rates in Martinsburg, WV 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
Today's
Martinsburg, WV Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.780%
15 Year Fixed Rate
%
4.810%
5/1 Adjustable Rate Mortgage
%
4.330%

How Affordable is Housing in Martinsburg, West Virginia?

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

The median home value for Martinsburg, WV (Berkeley County) is $232,613

Based on current mortgage rates and a 10% down payment, you need to make $38,113 per year to buy the median priced home in Martinsburg

With this income, you could qualify for a $209,352 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 Martinsburg is $883

The median household income for Martinsburg, WV (Berkeley County) is $67,414

Based on this income, you can afford a home valued at approximately $411,447

The home price you can afford to buy based on household income in Martinsburg is 177% of the median home value which means housing prices are average. Martinsburg (Berkeley County) ranks 51 out of 55 counties in West Virginia and 2,181 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Martinsburg, WV is average

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Loan Limits for Martinsburg, West Virginia

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

Conforming loan limits for Martinsburg, WV

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Martinsburg, WV

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Martinsburg, WV

1 unit: $647,200

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