Compare Anniston, AL 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 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.
August 16, 2022
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 $145,434
Based on current mortgage rates and a 10% down payment, you need to make $23,829 per year to buy the median priced home in Anniston
With this income, you could qualify for a $130,890 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 $552
The median household income for Anniston, AL (Calhoun County) is $52,050
Based on this income, you can afford a home valued at approximately $317,679
The home price you can afford to buy based on household income in Anniston is 218% of the median home value which means housing prices are affordable. Anniston (Calhoun County) ranks 27 out of 67 counties in Alabama and 1,367 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 affordable
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