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.

Martinsburg, WV Mortgage Rates as of September 24, 2023
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Compare Today's Martinsburg, WV Mortgage Rates

September 24, 2023

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
Martinsburg, WV Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

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 $246,464

Based on current mortgage rates and a 10% down payment, you need to make $51,416 per year to buy the median priced home in Martinsburg

With this income, you could qualify for a $221,818 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 $1,191

The median household income for Martinsburg, WV (Berkeley County) is $72,780

Based on this income, you can afford a home valued at approximately $348,872

The home price you can afford to buy based on household income in Martinsburg is 142% of the median home value which means housing prices are average. Martinsburg (Berkeley County) ranks 50 out of 55 counties in West Virginia and 2,097 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


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: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Martinsburg, WV

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Martinsburg, WV

1 unit: $726,200

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