Compare Waterloo, IA 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 Waterloo.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Waterloo. Plus, shopping lenders is free and there is no obligation.
August 28, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in Waterloo. Understand how much you need to earn to afford a home in Waterloo, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Waterloo 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 Waterloo is right for you.
The median home value for Waterloo, IA (Black Hawk County) is $185,371
Based on current mortgage rates and a 10% down payment, you need to make $38,671 per year to buy the median priced home in Waterloo
With this income, you could qualify for a $166,834 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 Waterloo is $896
The median household income for Waterloo, IA (Black Hawk County) is $61,144
Based on this income, you can afford a home valued at approximately $293,093
The home price you can afford to buy based on household income in Waterloo is 158% of the median home value which means housing prices are average. Waterloo (Black Hawk County) ranks 92 out of 99 counties in Iowa and 1,673 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Waterloo, IA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Waterloo (Black Hawk County) below.
Conforming loan limits for Waterloo, IA
FHA loan limits for Waterloo, IA