»
»
Gadsden

Current Mortgage Rates in Gadsden, Alabama

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.

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

%
Mortgage Rates in Gadsden, AL as of December 15, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Gadsden, AL

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Gadsden, AL Mortgage Rates Compare?

December 15, 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%

Mortgage Program
Today's
Gadsden, AL Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Gadsden, Alabama?

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 buy 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

orange-simple-house
ruler

Loan Limits for Gadsden, Alabama

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

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Gadsden, AL

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Gadsden, AL

1 unit: $484,350

Additional Mortgage Resources for Gadsden, AL Residents

Mortgage Rates for Alabama Cities

Albertville Mortgage Rates

Anniston Mortgage Rates

Athens Mortgage Rates

Auburn Mortgage Rates

Birmingham Mortgage Rates

Daphne Mortgage Rates

Decatur Mortgage Rates

Dothan Mortgage Rates

Florence Mortgage Rates

Gadsden Mortgage Rates

Huntsville Mortgage Rates

Mobile Mortgage Rates

Montgomery Mortgage Rates

Shelby Mortgage Rates

Tuscaloosa Mortgage Rates

Sources

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