Compare mortgage rates and fees for leading lenders in Sacramento, 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 Sacramento.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Sacramento. Plus, shopping lenders is free and there is no obligation.
December 11, 2019
The current average rate for a 30 year fixed rate mortgage in Sacramento 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 Sacramento, CA is $387,680
The median household income for Sacramento, CA is $62,081
Based on current mortgage rates and a 10% down payment, you need to make $71,927 per year to buy the median priced home in Sacramento
The home price you can afford to buy based on household income in Sacramento is 86% of the median home value which means housing prices are expensive
Sacramento ranks 35 out of 58 counties in California and 3,067 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Sacramento, CA is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Sacramento below.
Conforming loan limits for Sacramento, CA
FHA loan limits for Sacramento, CA
VA loan limits for Sacramento, 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