Compare mortgage rates and fees for leading lenders in San Jose, 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 San Jose.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in San Jose. Plus, shopping lenders is free and there is no obligation.
November 11, 2019
The current average rate for a 30 year fixed rate mortgage in San Jose 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 San Jose, CA (Santa Clara County) is $1,116,995
The median household income for San Jose, CA (Santa Clara County) is $110,025
Based on current mortgage rates and a 10% down payment, you need to make $207,238 per year to buy the median priced home in San Jose
The home price you can afford to buy based on household income in San Jose is 53% of the median home value which means housing prices are very expensive
San Jose (Santa Clara County) ranks 54 out of 58 counties in California and 3,134 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in San Jose, 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 San Jose (Santa Clara County) below.
Conforming loan limits for San Jose, CA
FHA loan limits for San Jose, CA
VA loan limits for San Jose, 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