»
»
Wilmington

Current Mortgage Rates in Wilmington, Delaware

Compare mortgage rates and fees for leading lenders in Wilmington, DE. 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 Wilmington.

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

%
Mortgage Rates in Wilmington, DE as of August 22, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Wilmington, DE

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.

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.

How Do Today's Wilmington, DE Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in Wilmington 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
Wilmington, DE Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Wilmington, Delaware?

The median home value for Wilmington, DE (New Castle County) is $266,998

The median household income for Wilmington, DE (New Castle County) is $70,425

Based on current mortgage rates and a 10% down payment, you need to make $49,536 per year to buy the median priced home in Wilmington

The home price you can afford to by based on household income in Wilmington is 142% of the median home value which means housing prices are average

Wilmington (New Castle County) ranks 1 out of 3 counties in Delaware and 2,645 out of 3,142 counties in the United States for housing affordability.

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

orange-simple-house
ruler

Loan Limits for Wilmington, Delaware

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

Conforming loan limits for Wilmington, DE

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Wilmington, DE

1 unit: $402,500
2 units: $515,250
3 units: $622,850
4 units: $774,050

VA loan limits for Wilmington, DE

1 unit: $484,350

Additional Mortgage Resources for Wilmington, DE Residents

Mortgage Rates for Delaware Cities

Dover Mortgage Rates

Sussex Mortgage Rates

Wilmington Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index