Compare mortgage rates and fees for leading lenders in Gadsden, 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 Gadsden.
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August 22, 2019
The current average rate for a 30 year fixed rate mortgage in Gadsden 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 Gadsden, AL (Etowah County) is $128,563
The median household income for Gadsden, AL (Etowah County) is $43,350
Based on current mortgage rates and a 10% down payment, you need to make $23,853 per year to buy the median priced home in Gadsden
The home price you can afford to by based on household income in Gadsden is 182% of the median home value which means housing prices are average
Gadsden (Etowah County) ranks 48 out of 67 counties in Alabama and 1,940 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Gadsden, AL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Gadsden (Etowah County) below.
Conforming loan limits for Gadsden, AL
FHA loan limits for Gadsden, AL
VA loan limits for Gadsden, 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