Compare mortgage rates and fees for leading lenders in Brighton, CO. 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 Brighton.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Brighton. Plus, shopping lenders is free and there is no obligation.
August 13, 2020
The current average rate for a 30 year fixed rate mortgage in Brighton 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 Brighton. Understand how much you need to earn to afford a home in Brighton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Brighton 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 Brighton is right for you.
The median home value for Brighton, CO (Adams County) is $369,679
Based on current mortgage rates and a 10% down payment, you need to make $66,533 per year to buy the median priced home in Brighton
With this income, you could qualify for a $332,711 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 Brighton is $1,541
The median household income for Brighton, CO (Adams County) is $67,589
Based on this income, you can afford a home valued at approximately $375,547
The home price you can afford to buy based on household income in Brighton is 102% of the median home value which means housing prices are average. Brighton (Adams County) ranks 42 out of 64 counties in Colorado and 2,980 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Brighton, CO is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Brighton (Adams County) below.
Conforming loan limits for Brighton, CO
FHA loan limits for Brighton, CO
VA loan limits for Brighton, CO