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Castle Rock

Current Mortgage Rates in Castle Rock, Colorado

Compare mortgage rates and fees for leading lenders in Castle Rock, 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 Castle Rock.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Castle Rock. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Castle Rock, CO as of April 5, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Castle Rock, CO Mortgage Rates Compare?

April 5, 2020

The current average rate for a 30 year fixed rate mortgage in Castle Rock 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%

Mortgage Program
Today's
Castle Rock, CO Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Castle Rock, Colorado?

Below we provide helpful information on the real estate market, home prices and housing affordability in Castle Rock. Understand how much you need to earn to afford a home in Castle Rock, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Castle Rock 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 Castle Rock is right for you.

The median home value for Castle Rock, CO (Douglas County) is $562,071

Based on current mortgage rates and a 10% down payment, you need to make $101,158 per year to buy the median priced home in Castle Rock

With this income, you could qualify for a $505,864 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 Castle Rock is $2,343

The median household income for Castle Rock, CO (Douglas County) is $117,228

Based on this income, you can afford a home valued at approximately $651,358

The home price you can afford to buy based on household income in Castle Rock is 116% of the median home value which means housing prices are average. Castle Rock (Douglas County) ranks 31 out of 64 counties in Colorado and 2,882 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Castle Rock, CO is average

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Loan Limits for Castle Rock, Colorado

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Castle Rock (Douglas County) below.

Conforming loan limits for Castle Rock, CO

1 unit: $575,000
2 units: $736,100
3 units: $889,800
4 units: $1,105,800

FHA loan limits for Castle Rock, CO

1 unit: $575,000
2 units: $736,100
3 units: $889,800
4 units: $1,105,800

VA loan limits for Castle Rock, CO

1 unit: $575,000

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