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.
January 21, 2022
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
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