Compare mortgage rates and fees for leading lenders in Clermont, 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 Clermont.
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December 11, 2019
The current average rate for a 30 year fixed rate mortgage in Clermont 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%
The median home value for Clermont, FL (Lake County) is $205,202
The median household income for Clermont, FL (Lake County) is $51,254
Based on current mortgage rates and a 10% down payment, you need to make $38,071 per year to buy the median priced home in Clermont
The home price you can afford to buy based on household income in Clermont is 135% of the median home value which means housing prices are average
Clermont (Lake County) ranks 43 out of 67 counties in Florida and 2,739 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
VA loan limits for Clermont, FL
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