Compare mortgage rates and fees for leading lenders in Sutter, 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 Sutter.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Sutter. Plus, shopping lenders is free and there is no obligation.
July 6, 2020
The current average rate for a 30 year fixed rate mortgage in Sutter 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Sutter. Understand how much you need to earn to afford a home in Sutter, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Sutter 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 Sutter is right for you.
The median home value for Sutter, CA is $325,750
Based on current mortgage rates and a 10% down payment, you need to make $58,627 per year to buy the median priced home in Sutter
With this income, you could qualify for a $293,175 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 Sutter is $1,358
The median household income for Sutter, CA is $57,317
Based on this income, you can afford a home valued at approximately $318,471
The home price you can afford to buy based on household income in Sutter is 98% of the median home value which means housing prices are expensive. Sutter ranks 21 out of 58 counties in California and 3,006 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Sutter, CA is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Sutter below.
Conforming loan limits for Sutter, CA
FHA loan limits for Sutter, CA
VA loan limits for Sutter, CA