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Windham

Current Mortgage Rates in Windham, Connecticut

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

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

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Mortgage Rates in Windham, CT as of July 10, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Windham, CT Mortgage Rates Compare?

July 10, 2020

The current average rate for a 30 year fixed rate mortgage in Windham 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
Today's
Windham, CT Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Windham, Connecticut?

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

The median home value for Windham, CT is $211,075

Based on current mortgage rates and a 10% down payment, you need to make $37,988 per year to buy the median priced home in Windham

With this income, you could qualify for a $189,968 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 Windham is $880

The median household income for Windham, CT is $65,971

Based on this income, you can afford a home valued at approximately $366,558

The home price you can afford to buy based on household income in Windham is 174% of the median home value which means housing prices are average. Windham ranks 2 out of 8 counties in Connecticut and 2,092 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Windham, Connecticut

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

Conforming loan limits for Windham, CT

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

FHA loan limits for Windham, CT

1 unit: $339,250
2 units: $434,300
3 units: $524,950
4 units: $652,400

VA loan limits for Windham, CT

1 unit: $510,400

Additional Mortgage Resources for Windham, CT Residents

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