Compare mortgage rates and fees for leading lenders in Athens, 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 Athens.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Athens. Plus, shopping lenders is free and there is no obligation.
December 12, 2019
The current average rate for a 30 year fixed rate mortgage in Athens 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 Athens, AL (Limestone County) is $168,486
The median household income for Athens, AL (Limestone County) is $54,446
Based on current mortgage rates and a 10% down payment, you need to make $31,259 per year to buy the median priced home in Athens
The home price you can afford to buy based on household income in Athens is 174% of the median home value which means housing prices are average
Athens (Limestone County) ranks 58 out of 67 counties in Alabama and 2,112 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Athens, AL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Athens (Limestone County) below.
Conforming loan limits for Athens, AL
FHA loan limits for Athens, AL
VA loan limits for Athens, 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