Mortgage Rates in McLean, Virginia — March 2026
Updated March 2026 | Based on McLean market data and regional lending conditions
McLean is a growing city in Virginia with a population of 48,115. The current 30-year fixed mortgage rate in McLean is 6.88%, which is 0.23% above the national average. With a median home price of $369,000 and a 20% down payment of $73,800, homebuyers can expect a monthly principal and interest payment of approximately $1,940.
Current Mortgage Rates in McLean, VA
Below are the current average mortgage rates available in the McLean area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.13% | 6.85% | +0.28% |
McLean Housing Market Overview
The McLean housing market reflects moderate demand with prices near the national average. The median household income in McLean is $74,900, and the cost of living index is 104.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $93,557 to comfortably afford the median-priced home in McLean, which exceeds the current median household income.
Monthly Payment Breakdown for McLean
Based on the median home price of $369,000 with 20% down ($73,800), here is what you can expect to pay monthly in McLean:
15-Year vs. 30-Year Mortgage in McLean
Choosing a 15-year mortgage in McLean at 6.09% instead of a 30-year at 6.88% would save you $247,500 in total interest over the life of the loan. However, your monthly payment would be $2,505 instead of $1,940 — an increase of $565 per month.
Calculate Your McLean Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in McLean
What are the current mortgage rates in McLean, VA?
As of March 2026, the average 30-year fixed mortgage rate in McLean, Virginia is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in McLean?
Based on the median home price of $369,000 with 20% down, the estimated monthly mortgage payment in McLean is $1,940 for principal and interest. Including property taxes of $243/month, the total monthly housing cost is approximately $2,183.
What income do I need to buy a home in McLean?
Using the 28% rule, you would need an annual income of approximately $93,557 to afford the median-priced home in McLean at $369,000. The median household income in McLean is $74,900. This means most households would need to either earn above the median or consider homes below $369,000.
Is McLean a good place to buy a home in 2026?
McLean has a moderate cost of living with a cost of living index of 104.9 (national average = 100). The property tax rate in Virginia is 0.79%, which is below the national average. McLean has a population of 48,115 and offers a balanced lifestyle.
Mortgage Rates in Other Virginia Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the McLean, Virginia area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.