Compare mortgage rates and fees for leading lenders in Anniston, AL. 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 Anniston.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Anniston. Plus, shopping lenders is free and there is no obligation.
April 2, 2020
The current average rate for a 30 year fixed rate mortgage in Anniston 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Anniston. Understand how much you need to earn to afford a home in Anniston, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Anniston 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 Anniston is right for you.
The median home value for Anniston, AL (Calhoun County) is $131,251
Based on current mortgage rates and a 10% down payment, you need to make $23,622 per year to buy the median priced home in Anniston
With this income, you could qualify for a $118,126 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 Anniston is $547
The median household income for Anniston, AL (Calhoun County) is $46,073
Based on this income, you can afford a home valued at approximately $255,998
The home price you can afford to buy based on household income in Anniston is 195% of the median home value which means housing prices are average. Anniston (Calhoun County) ranks 41 out of 67 counties in Alabama and 1,677 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Anniston, AL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Anniston (Calhoun County) below.
Conforming loan limits for Anniston, AL
FHA loan limits for Anniston, AL
VA loan limits for Anniston, AL