Compare Clermont, FL 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 Clermont.
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January 22, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Clermont. Understand how much you need to earn to afford a home in Clermont, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Clermont 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 Clermont is right for you.
The median home value for Clermont, FL (Lake County) is $291,388
Based on current mortgage rates and a 10% down payment, you need to make $47,743 per year to buy the median priced home in Clermont
With this income, you could qualify for a $262,249 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 Clermont is $1,106
The median household income for Clermont, FL (Lake County) is $62,245
Based on this income, you can afford a home valued at approximately $379,901
The home price you can afford to buy based on household income in Clermont is 130% of the median home value which means housing prices are average. Clermont (Lake County) ranks 43 out of 67 counties in Florida and 2,798 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Clermont, FL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Clermont (Lake County) below.
Conforming loan limits for Clermont, FL
FHA loan limits for Clermont, FL