Current Mortgage Rates in Tolland, Connecticut

Compare mortgage rates and fees for leading lenders in Tolland, 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 Tolland.

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

Mortgage Rates in Tolland, CT as of September 19, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Tolland, CT Mortgage Rates Compare?

September 19, 2020

The current average rate for a 30 year fixed rate mortgage in Tolland 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
Tolland, CT Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Tolland, Connecticut?

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

The median home value for Tolland, CT is $258,902

Based on current mortgage rates and a 10% down payment, you need to make $46,596 per year to buy the median priced home in Tolland

With this income, you could qualify for a $233,012 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 Tolland is $1,079

The median household income for Tolland, CT is $85,755

Based on this income, you can afford a home valued at approximately $476,485

The home price you can afford to buy based on household income in Tolland is 184% of the median home value which means housing prices are average. Tolland ranks 1 out of 8 counties in Connecticut and 1,882 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Tolland, CT is average


Loan Limits for Tolland, Connecticut

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Tolland below.

Conforming loan limits for Tolland, CT

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Tolland, CT

1 unit: $353,050
2 units: $451,950
3 units: $546,300
4 units: $678,950

VA loan limits for Tolland, CT

1 unit: $510,400

Additional Mortgage Resources for Tolland, CT Residents

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