Compare mortgage rates and fees for leading lenders in Chico, CA. 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 Chico.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Chico. Plus, shopping lenders is free and there is no obligation.
October 23, 2019
The current average rate for a 30 year fixed rate mortgage in Chico 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 Chico, CA (Butte County) is $297,135
The median household income for Chico, CA (Butte County) is $47,938
Based on current mortgage rates and a 10% down payment, you need to make $55,128 per year to buy the median priced home in Chico
The home price you can afford to buy based on household income in Chico is 87% of the median home value which means housing prices are expensive
Chico (Butte County) ranks 33 out of 58 counties in California and 3,065 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Chico, CA is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Chico (Butte County) below.
Conforming loan limits for Chico, CA
FHA loan limits for Chico, CA
VA loan limits for Chico, CA
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