Compare mortgage rates and fees for leading lenders in Napa, 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 Napa.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Napa. Plus, shopping lenders is free and there is no obligation.
August 18, 2019
The current average rate for a 30 year fixed rate mortgage in Napa 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 Napa, CA is $678,780
The median household income for Napa, CA is $82,072
Based on current mortgage rates and a 10% down payment, you need to make $125,935 per year to buy the median priced home in Napa
The home price you can afford to by based on household income in Napa is 65% of the median home value which means housing prices are very expensive
Napa ranks 43 out of 58 counties in California and 3,111 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Napa, 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 Napa below.
Conforming loan limits for Napa, CA
FHA loan limits for Napa, CA
VA loan limits for Napa, 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