Compare Tehama, 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 Tehama.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Tehama. Plus, shopping lenders is free and there is no obligation.
December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Tehama. Understand how much you need to earn to afford a home in Tehama, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Tehama 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 Tehama is right for you.
The median home value for Tehama, CA is $298,288
Based on current mortgage rates and a 10% down payment, you need to make $48,873 per year to buy the median priced home in Tehama
With this income, you could qualify for a $268,459 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 Tehama is $1,132
The median household income for Tehama, CA is $57,800
Based on this income, you can afford a home valued at approximately $352,768
The home price you can afford to buy based on household income in Tehama is 118% of the median home value which means housing prices are average. Tehama ranks 9 out of 58 counties in California and 2,901 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Tehama, CA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Tehama below.
Conforming loan limits for Tehama, CA
FHA loan limits for Tehama, CA