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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.

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Princeton, WV Mortgage Rates as of May 23, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Princeton, WV Mortgage Rates

May 23, 2022

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
%
5.250%
15 Year Fixed Rate
%
4.430%
5/1 Adjustable Rate Mortgage
%
4.080%

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 $113,719

Based on current mortgage rates and a 10% down payment, you need to make $18,632 per year to buy the median priced home in Princeton

With this income, you could qualify for a $102,347 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 $431

The median household income for Princeton, WV (Mercer County) is $44,082

Based on this income, you can afford a home valued at approximately $269,047

The home price you can afford to buy based on household income in Princeton is 237% of the median home value which means housing prices are affordable. Princeton (Mercer County) ranks 25 out of 55 counties in West Virginia and 1,034 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 affordable

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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: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Princeton, WV

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Princeton, WV

1 unit: $647,200

Additional Mortgage Resources for Princeton, WV Residents

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