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.
September 24, 2023
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
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
FHA loan limits for Tolland, CT
VA loan limits for Tolland, CT