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Sacramento

Compare Current Sacramento, California Mortgage Rates

Compare Sacramento, 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 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.

%
Sacramento, CA Mortgage Rates as of January 21, 2022
FREEandCLEAR Exlusive Lender
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2.384% APR Rate: 2.375%
15 Yr Fixed15 Yr Fixed
Points: .250
Rate Lock: 45 days
NMLS: 357085  LICENSE: CA 00532825
Terms & Conditions
Ask about no closing cost options
APR
2.384%
Rate
2.375%
Points
.250
Rate Lock
45 days
NMLS: 357085
LICENSE: CA 00532825

Terms & Conditions
Ask about no closing cost options
Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
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How Do Today's Sacramento, CA Mortgage Rates Compare?

January 21, 2022

Current mortgage rates in Sacramento, CA are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Sacramento, CA Rates
National
Average
Comparison
30 Year Fixed Rate
%
3.450%
15 Year Fixed Rate
%
2.620%
5/1 Adjustable Rate Mortgage
%
2.570%

How Affordable is Housing in Sacramento, California?

Below we provide helpful information on the real estate market, home prices and housing affordability in Sacramento. Understand how much you need to earn to afford a home in Sacramento, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Sacramento 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 Sacramento is right for you.

The median home value for Sacramento, CA is $499,066

Based on current mortgage rates and a 10% down payment, you need to make $81,770 per year to buy the median priced home in Sacramento

With this income, you could qualify for a $449,159 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 Sacramento is $1,894

The median household income for Sacramento, CA is $77,841

Based on this income, you can afford a home valued at approximately $475,087

The home price you can afford to buy based on household income in Sacramento is 95% of the median home value which means housing prices are expensive. Sacramento ranks 30 out of 58 counties in California and 3,050 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

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Loan Limits for Sacramento, California

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

1 unit: $675,050
2 units: $864,200
3 units: $1,044,600
4 units: $1,298,200

FHA loan limits for Sacramento, CA

1 unit: $675,050
2 units: $864,200
3 units: $1,044,600
4 units: $1,298,200

VA loan limits for Sacramento, CA

1 unit: $675,050

Additional Mortgage Resources for Sacramento, CA Residents

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