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Tolland

Compare Current Tolland, Connecticut Mortgage Rates

Compare Tolland, CT mortgage rates and fees from top lenders. 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 lowest 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.

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Tolland, CT Mortgage Rates as of July 16, 2024
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Tolland, CT Mortgage Rates

July 16, 2024

Current mortgage rates in Tolland, CT are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Tolland, CT Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

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 $315,434

Based on current mortgage rates and a 10% down payment, you need to make $65,804 per year to buy the median priced home in Tolland

With this income, you could qualify for a $283,890 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 $1,524

The median household income for Tolland, CT is $83,987

Based on this income, you can afford a home valued at approximately $402,589

The home price you can afford to buy based on household income in Tolland is 128% of the median home value which means housing prices are average. Tolland ranks 4 out of 8 counties in Connecticut and 2,377 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

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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: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Tolland, CT

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Tolland, CT

1 unit: $726,200

Additional Mortgage Resources for Tolland, CT Residents

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