Current Mortgage Rates in Princeton, West Virginia

Compare mortgage rates and fees for leading lenders in Princeton, 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 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.

Mortgage Rates in Princeton, WV as of September 24, 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 Princeton, WV Mortgage Rates Compare?

September 24, 2020

The current average rate for a 30 year fixed rate mortgage in Princeton 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
Princeton, WV Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

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 $93,820

Based on current mortgage rates and a 10% down payment, you need to make $16,885 per year to buy the median priced home in Princeton

With this income, you could qualify for a $84,438 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 $391

The median household income for Princeton, WV (Mercer County) is $39,826

Based on this income, you can afford a home valued at approximately $221,290

The home price you can afford to buy based on household income in Princeton is 236% of the median home value which means housing prices are affordable. Princeton (Mercer County) ranks 25 out of 55 counties in West Virginia and 903 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


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

FHA loan limits for Princeton, WV

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

VA loan limits for Princeton, WV

1 unit: $510,400

Additional Mortgage Resources for Princeton, WV Residents

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