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.
December 9, 2019
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%
The median home value for Anniston, AL (Calhoun County) is $124,409
The median household income for Anniston, AL (Calhoun County) is $45,022
Based on current mortgage rates and a 10% down payment, you need to make $23,082 per year to buy the median priced home in Anniston
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 40 out of 67 counties in Alabama and 1,692 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
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index