»
»
Princeton

Compare Current Princeton, West Virginia Mortgage Rates

Compare Princeton, 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 Princeton.

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

%
Princeton, WV Mortgage Rates as of October 12, 2024
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

%
Get Personalized Mortgage Quotes

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

Get Free Personalized Mortgage Quotes

Compare Today's Princeton, WV Mortgage Rates

October 12, 2024

Current mortgage rates in Princeton, 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
Princeton, WV Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Princeton, West Virginia?

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

The median home value for Princeton, WV (Mercer County) is $113,677

Based on current mortgage rates and a 10% down payment, you need to make $23,715 per year to buy the median priced home in Princeton

With this income, you could qualify for a $102,309 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 Princeton is $549

The median household income for Princeton, WV (Mercer County) is $43,925

Based on this income, you can afford a home valued at approximately $210,555

The home price you can afford to buy based on household income in Princeton is 185% of the median home value which means housing prices are average. Princeton (Mercer County) ranks 29 out of 55 counties in West Virginia and 1,059 out of 3,142 counties in the United States for housing affordability.

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

orange-simple-house
ruler

Loan Limits for Princeton, West Virginia

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

Conforming loan limits for Princeton, WV

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

FHA loan limits for Princeton, WV

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

VA loan limits for Princeton, WV

1 unit: $726,200

Additional Mortgage Resources for Princeton, WV Residents

Mortgage Rates for West Virginia Cities

Beckley Mortgage Rates

Charleston Mortgage Rates

Clarksburg Mortgage Rates

Huntington Mortgage Rates

Martinsburg Mortgage Rates

Morgantown Mortgage Rates

Parkersburg Mortgage Rates

Princeton Mortgage Rates