Lancaster County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Lancaster County, Virginia based on real HMDA transaction records.

Loan Details

US County (Smart Autofill)

Loan Type

Lancaster County, VA Benchmarks

FHA averages

Typical Property Value$283,475

Average Down Payment12.8%

Average Interest Rate6.104%

Effective Tax Rate0.49%

Median Tax Paid$1,558/yr

Tax Growth (Historical)+0.2%

Based on 59 regional loans totaling $14,025,000 (HMDA database).

Home Price

Down Payment

$36,285 down · $247,190 financed

Interest Rate

Loan Term

yrs

Extra Monthly Principal

Paid directly to principal

Mortgage Start Date

Payoff estimated June 2056

Local & Recurring Costs

Property Tax Rate

$116 / month

Home Insurance

Annual premium

HOA Dues

Per month

PMI Rate

$105 / month

Estimated Monthly Payment

$1,895/mo

Principal & Interest$1,524
Property Tax$116
Home Insurance$150
FHA MIP$105

Amortization · Remaining Balance

Financed Loan Amount

$251,516

Total Interest

$297,187

Total of Payments

$548,703

*Includes financed FHA Upfront MIP of $4,326

Local Market Insights

Lancaster County FHA Mortgage Overview

In Lancaster County, the 12.82% average down payment on FHA loans provides accessible entry, but mandatory Mortgage Insurance Premiums (MIP) persist for the loan’s life regardless of this equity. The 87.18% loan-to-value ratio confirms this, ideal for buyers with sub-620 credit seeking an FHA loan down payment option. With an effective property tax rate of 0.49% and a 0.2% inflation-adjusted increase, monthly affordability remains stable. When evaluating an FHA mortgage with property taxes, note the 6.104% interest rate on a $283,474 average property value. This data reflects 100% primary residences, not investments, highlighting local homeownership demand within Lancaster County FHA loan limits.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.