Compare Current Daphne, Alabama Mortgage Rates

Compare Daphne, 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 Daphne.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Daphne. Plus, shopping lenders is free and there is no obligation.

Daphne, AL Mortgage Rates as of February 9, 2023
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Compare Today's Daphne, AL Mortgage Rates

February 9, 2023

Current mortgage rates in Daphne, AL are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Daphne, AL Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Daphne, Alabama?

Below we provide helpful information on the real estate market, home prices and housing affordability in Daphne. Understand how much you need to earn to afford a home in Daphne, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Daphne 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 Daphne is right for you.

The median home value for Daphne, AL (Baldwin County) is $286,460

Based on current mortgage rates and a 10% down payment, you need to make $46,935 per year to buy the median priced home in Daphne

With this income, you could qualify for a $257,814 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 Daphne is $1,087

The median household income for Daphne, AL (Baldwin County) is $61,003

Based on this income, you can afford a home valued at approximately $372,321

The home price you can afford to buy based on household income in Daphne is 130% of the median home value which means housing prices are average. Daphne (Baldwin County) ranks 67 out of 67 counties in Alabama and 2,803 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Daphne, AL is average


Loan Limits for Daphne, Alabama

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Daphne (Baldwin County) below.

Conforming loan limits for Daphne, AL

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Daphne, AL

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Daphne, AL

1 unit: $647,200

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