Compare mortgage rates and fees for leading lenders in Parkersburg, 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 Parkersburg.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Parkersburg. Plus, shopping lenders is free and there is no obligation.
July 8, 2020
The current average rate for a 30 year fixed rate mortgage in Parkersburg 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Parkersburg. Understand how much you need to earn to afford a home in Parkersburg, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Parkersburg 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 Parkersburg is right for you.
The median home value for Parkersburg, WV (Wood County) is $146,394
Based on current mortgage rates and a 10% down payment, you need to make $26,347 per year to buy the median priced home in Parkersburg
With this income, you could qualify for a $131,755 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 Parkersburg is $610
The median household income for Parkersburg, WV (Wood County) is $48,025
Based on this income, you can afford a home valued at approximately $266,845
The home price you can afford to buy based on household income in Parkersburg is 182% of the median home value which means housing prices are average. Parkersburg (Wood County) ranks 47 out of 55 counties in West Virginia and 1,911 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Parkersburg, WV is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Parkersburg (Wood County) below.
Conforming loan limits for Parkersburg, WV
FHA loan limits for Parkersburg, WV
VA loan limits for Parkersburg, WV