Compare mortgage rates and fees for leading lenders in Marin, 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 Marin.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Marin. Plus, shopping lenders is free and there is no obligation.
September 23, 2020
The current average rate for a 30 year fixed rate mortgage in Marin 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Marin. Understand how much you need to earn to afford a home in Marin, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Marin 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 Marin is right for you.
The median home value for Marin, CA is $1,089,629
Based on current mortgage rates and a 10% down payment, you need to make $196,105 per year to buy the median priced home in Marin
With this income, you could qualify for a $980,666 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 Marin is $4,541
The median household income for Marin, CA is $110,424
Based on this income, you can afford a home valued at approximately $613,556
The home price you can afford to buy based on household income in Marin is 56% of the median home value which means housing prices are very expensive. Marin ranks 52 out of 58 counties in California and 3,130 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Marin, CA is very expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Marin below.
Conforming loan limits for Marin, CA
FHA loan limits for Marin, CA
VA loan limits for Marin, CA