Current Mortgage Rates in Martinsburg, West Virginia

Compare mortgage rates and fees for leading lenders in Martinsburg, WV. 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 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.

Mortgage Rates in Martinsburg, WV as of October 1, 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.


How Do Today's Martinsburg, WV Mortgage Rates Compare?

October 1, 2020

The current average rate for a 30 year fixed rate mortgage in Martinsburg 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
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 $182,603

Based on current mortgage rates and a 10% down payment, you need to make $32,864 per year to buy the median priced home in Martinsburg

With this income, you could qualify for a $164,343 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 $761

The median household income for Martinsburg, WV (Berkeley County) is $62,730

Based on this income, you can afford a home valued at approximately $348,551

The home price you can afford to buy based on household income in Martinsburg is 191% of the median home value which means housing prices are average. Martinsburg (Berkeley County) ranks 46 out of 55 counties in West Virginia and 1,759 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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Martinsburg, WV

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Martinsburg, WV

1 unit: $510,400

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