Compare mortgage rates and fees for leading lenders in Cabot, AR. 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 Cabot.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Cabot. 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 Cabot 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 Cabot, AR (Lonoke County) is $151,038
The median household income for Cabot, AR (Lonoke County) is $59,041
Based on current mortgage rates and a 10% down payment, you need to make $28,022 per year to buy the median priced home in Cabot
The home price you can afford to buy based on household income in Cabot is 211% of the median home value which means housing prices are affordable
Cabot (Lonoke County) ranks 43 out of 75 counties in Arkansas and 1,372 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Cabot, AR is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Cabot (Lonoke County) below.
Conforming loan limits for Cabot, AR
FHA loan limits for Cabot, AR
VA loan limits for Cabot, AR
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