Compare Lake, CA mortgage rates and fees from top lenders. 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 lowest mortgage rates in Lake.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Lake. Plus, shopping lenders is free and there is no obligation.
August 16, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Lake. Understand how much you need to earn to afford a home in Lake, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Lake fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Lake is right for you.
The median home value for Lake, CA (Lake County) is
Based on current mortgage rates and a 10% down payment, you need to make per year to buy the median priced home in Lake
With this income, you could qualify for a mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Lake is
The median household income for Lake, CA (Lake County) is
Based on this income, you can afford a home valued at approximately
The home price you can afford to buy based on household income in Lake is of the median home value which means housing prices are . Lake (Lake County) ranks out of counties in California and out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Lake, CA is
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Lake (Lake County) below.
Conforming loan limits for Lake, CA
FHA loan limits for Lake, CA
VA loan limits for Lake, CA