Compare mortgage rates and fees for leading lenders in Sierra Vista, AZ. 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 Sierra Vista.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Sierra Vista. Plus, shopping lenders is free and there is no obligation.
October 22, 2019
The current average rate for a 30 year fixed rate mortgage in Sierra Vista 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 Sierra Vista, AZ (Cochise County) is $164,314
The median household income for Sierra Vista, AZ (Cochise County) is $49,310
Based on current mortgage rates and a 10% down payment, you need to make $30,485 per year to buy the median priced home in Sierra Vista
The home price you can afford to buy based on household income in Sierra Vista is 162% of the median home value which means housing prices are average
Sierra Vista (Cochise County) ranks 6 out of 15 counties in Arizona and 2,353 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Sierra Vista, AZ is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Sierra Vista (Cochise County) below.
Conforming loan limits for Sierra Vista, AZ
FHA loan limits for Sierra Vista, AZ
VA loan limits for Sierra Vista, AZ
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