Compare Fort Lauderdale, 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 Fort Lauderdale.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Fort Lauderdale. Plus, shopping lenders is free and there is no obligation.
January 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Fort Lauderdale. Understand how much you need to earn to afford a home in Fort Lauderdale, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Fort Lauderdale 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 Fort Lauderdale is right for you.
The median home value for Fort Lauderdale, FL (Broward County) is $376,702
Based on current mortgage rates and a 10% down payment, you need to make $61,721 per year to buy the median priced home in Fort Lauderdale
With this income, you could qualify for a $339,031 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 Fort Lauderdale is $1,429
The median household income for Fort Lauderdale, FL (Broward County) is $66,476
Based on this income, you can afford a home valued at approximately $405,721
The home price you can afford to buy based on household income in Fort Lauderdale is 108% of the median home value which means housing prices are average. Fort Lauderdale (Broward County) ranks 64 out of 67 counties in Florida and 2,977 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Fort Lauderdale, FL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Fort Lauderdale (Broward County) below.
Conforming loan limits for Fort Lauderdale, FL
FHA loan limits for Fort Lauderdale, FL
VA loan limits for Fort Lauderdale, FL
Learn what price home you can afford to buy in Fort Lauderdale