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.
August 19, 2019
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%
The median home value for Castle Rock, CO (Douglas County) is $521,886
The median household income for Castle Rock, CO (Douglas County) is $114,552
Based on current mortgage rates and a 10% down payment, you need to make $96,826 per year to buy the median priced home in Castle Rock
The home price you can afford to by based on household income in Castle Rock is 118% of the median home value which means housing prices are average
Castle Rock (Douglas County) ranks 31 out of 64 counties in Colorado and 2,880 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
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
FHA loan limits for Castle Rock, CO
VA loan limits for Castle Rock, CO
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