Compare mortgage rates and fees for leading lenders in Placerville, 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 Placerville.
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December 16, 2019
The current average rate for a 30 year fixed rate mortgage in Placerville 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 Placerville, CA (El Dorado County) is $517,894
The median household income for Placerville, CA (El Dorado County) is $77,174
Based on current mortgage rates and a 10% down payment, you need to make $96,086 per year to buy the median priced home in Placerville
The home price you can afford to buy based on household income in Placerville is 80% of the median home value which means housing prices are expensive
Placerville (El Dorado County) ranks 37 out of 58 counties in California and 3,088 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Placerville, CA is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Placerville (El Dorado County) below.
Conforming loan limits for Placerville, CA
FHA loan limits for Placerville, CA
VA loan limits for Placerville, 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