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Parkersburg

Current Mortgage Rates in Parkersburg, West Virginia

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.

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Mortgage Rates in Parkersburg, WV as of February 20, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Parkersburg, WV Mortgage Rates Compare?

February 20, 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%

Mortgage Program
Today's
Parkersburg, WV Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Parkersburg, West Virginia?

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

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Loan Limits for Parkersburg, West Virginia

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

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Parkersburg, WV

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

VA loan limits for Parkersburg, WV

1 unit: $510,400

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