Compare mortgage rates and fees for leading lenders in Hanford, 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 Hanford.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Hanford. Plus, shopping lenders is free and there is no obligation.
August 22, 2019
The current average rate for a 30 year fixed rate mortgage in Hanford 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 Hanford, CA (Kings County) is $239,093
The median household income for Hanford, CA (Kings County) is $51,263
Based on current mortgage rates and a 10% down payment, you need to make $44,359 per year to buy the median priced home in Hanford
The home price you can afford to by based on household income in Hanford is 116% of the median home value which means housing prices are average
Hanford (Kings County) ranks 7 out of 58 counties in California and 2,897 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Hanford, CA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hanford (Kings County) below.
Conforming loan limits for Hanford, CA
FHA loan limits for Hanford, CA
VA loan limits for Hanford, 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