Compare mortgage rates and fees for leading lenders in Middletown, CT. 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 Middletown.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Middletown. Plus, shopping lenders is free and there is no obligation.
October 1, 2020
The current average rate for a 30 year fixed rate mortgage in Middletown 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 Middletown. Understand how much you need to earn to afford a home in Middletown, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Middletown 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 Middletown is right for you.
The median home value for Middletown, CT (Middlesex County) is $295,096
Based on current mortgage rates and a 10% down payment, you need to make $53,110 per year to buy the median priced home in Middletown
With this income, you could qualify for a $265,587 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 Middletown is $1,230
The median household income for Middletown, CT (Middlesex County) is $86,136
Based on this income, you can afford a home valued at approximately $478,601
The home price you can afford to buy based on household income in Middletown is 162% of the median home value which means housing prices are average. Middletown (Middlesex County) ranks 3 out of 8 counties in Connecticut and 2,312 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Middletown, CT is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Middletown (Middlesex County) below.
Conforming loan limits for Middletown, CT
FHA loan limits for Middletown, CT
VA loan limits for Middletown, CT