Mortgage Rates in Berwick, Louisiana — March 2026
Updated March 2026 | Based on Berwick market data and regional lending conditions
Berwick is a smaller Louisiana community of 41,772 where home prices remain well below the national median, making homeownership more attainable. The current 30-year fixed rate here is 6.72% (0.07% above the national average). At a median home price of $167,500, the estimated $937/month payment (with 20% down) is affordable on the local median income of $57,000.
Current Mortgage Rates in Berwick, LA
Below are the current average mortgage rates available in the Berwick 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Berwick Housing Market Overview
At $167,500, Berwick offers more affordable housing than most U.S. metros. The local cost of living index is 84.1 (100 = national average), and the median household income of $57,000 provides comfortable purchasing power in this market.
Monthly Payment Breakdown for Berwick
Based on the median home price of $167,500 with 20% down ($33,500), here is what you can expect to pay monthly in Berwick:
15-Year vs. 30-Year Mortgage in Berwick
Choosing a 15-year mortgage in Berwick at 5.96% instead of a 30-year at 6.72% would save you $108,720 in total interest over the life of the loan. However, your monthly payment would be $1,128 instead of $866 — an increase of $262 per month.
Calculate Your Berwick Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Berwick
What are the current mortgage rates in Berwick, LA?
As of March 2026, the average 30-year fixed mortgage rate in Berwick, Louisiana is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Berwick?
Based on the median home price of $167,500 with 20% down, the estimated monthly mortgage payment in Berwick is $866 for principal and interest. Including property taxes of $71/month, the total monthly housing cost is approximately $937.
What income do I need to buy a home in Berwick?
Using the 28% rule, you would need an annual income of approximately $40,157 to afford the median-priced home in Berwick at $167,500. The median household income in Berwick is $57,000. The median income is currently sufficient to meet this threshold.
Is Berwick a good place to buy a home in 2026?
Berwick offers a below-average cost of living with a cost of living index of 84.1 (national average = 100). The property tax rate in Louisiana is 0.51%, which is below the national average. Berwick has a population of 41,772 and offers a very affordable lifestyle.
Mortgage Rates in Other Louisiana Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Berwick, Louisiana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.