»
»
Cape Coral

Current Mortgage Rates in Cape Coral, Florida

Compare mortgage rates and fees for leading lenders in Cape Coral, FL. 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 Cape Coral.

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

%
Mortgage Rates in Cape Coral, FL as of April 2, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
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.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Cape Coral, FL Mortgage Rates Compare?

April 2, 2020

The current average rate for a 30 year fixed rate mortgage in Cape Coral 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
Cape Coral, FL 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 Cape Coral, Florida?

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

The median home value for Cape Coral, FL (Lee County) is $251,925

Based on current mortgage rates and a 10% down payment, you need to make $45,340 per year to buy the median priced home in Cape Coral

With this income, you could qualify for a $226,732 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 Cape Coral is $1,050

The median household income for Cape Coral, FL (Lee County) is $54,896

Based on this income, you can afford a home valued at approximately $305,023

The home price you can afford to buy based on household income in Cape Coral is 121% of the median home value which means housing prices are average. Cape Coral (Lee County) ranks 52 out of 67 counties in Florida and 2,849 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Cape Coral, FL is average

orange-simple-house
ruler

Loan Limits for Cape Coral, Florida

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

Conforming loan limits for Cape Coral, FL

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

FHA loan limits for Cape Coral, FL

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Cape Coral, FL

1 unit: $510,400

Additional Mortgage Resources for Cape Coral, FL Residents

Mortgage Rates for Florida Cities

Bradenton Mortgage Rates

Cape Coral Mortgage Rates

Clermont Mortgage Rates

Crestview Mortgage Rates

Deltona Mortgage Rates

Fort Lauderdale Mortgage Rates

Gainesville Mortgage Rates

Green Cove Springs Mortgage Rates

Jacksonville Mortgage Rates

Kissimmee Mortgage Rates

Lakeland Mortgage Rates

Miami Mortgage Rates

Naples Mortgage Rates

Navarre Mortgage Rates

New Port Richey Mortgage Rates

Ocala Mortgage Rates

Orlando Mortgage Rates

Palm Bay Mortgage Rates

Panama City Mortgage Rates

Pensacola Mortgage Rates

Port St. Lucie Mortgage Rates

Punta Gorda Mortgage Rates

Sanford Mortgage Rates

Sarasota Mortgage Rates

Spring Hill Mortgage Rates

St. Augustine Mortgage Rates

St. Petersburg Mortgage Rates

Tallahassee Mortgage Rates

Tampa Mortgage Rates

West Palm Beach Mortgage Rates