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Dover

Compare Current Dover, Delaware Mortgage Rates

Compare Dover, DE 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 Dover.

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

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Dover, DE Mortgage Rates as of June 26, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Dover, DE Mortgage Rates

June 26, 2022

Current mortgage rates in Dover, DE 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
Dover, DE Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.780%
15 Year Fixed Rate
%
4.810%
5/1 Adjustable Rate Mortgage
%
4.330%

How Affordable is Housing in Dover, Delaware?

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

The median home value for Dover, DE (Kent County) is $279,023

Based on current mortgage rates and a 10% down payment, you need to make $45,717 per year to buy the median priced home in Dover

With this income, you could qualify for a $251,121 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 Dover is $1,059

The median household income for Dover, DE (Kent County) is $62,692

Based on this income, you can afford a home valued at approximately $382,626

The home price you can afford to buy based on household income in Dover is 137% of the median home value which means housing prices are average. Dover (Kent County) ranks 2 out of 3 counties in Delaware and 2,738 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Dover, DE is average

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Loan Limits for Dover, Delaware

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Dover (Kent County) below.

Conforming loan limits for Dover, DE

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Dover, DE

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Dover, DE

1 unit: $647,200

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