»
»
Gainesville

Compare Current Gainesville, Florida Mortgage Rates

Compare Gainesville, 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 Gainesville.

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

%
Gainesville, FL Mortgage Rates as of May 25, 2024
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

%
Get Personalized Mortgage Quotes

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.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

Get Free Personalized Mortgage Quotes

Compare Today's Gainesville, FL Mortgage Rates

May 25, 2024

Current mortgage rates in Gainesville, FL are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Gainesville, FL Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Gainesville, Florida?

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

The median home value for Gainesville, FL (Alachua County) is $283,567

Based on current mortgage rates and a 10% down payment, you need to make $59,157 per year to buy the median priced home in Gainesville

With this income, you could qualify for a $255,210 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 Gainesville is $1,370

The median household income for Gainesville, FL (Alachua County) is $57,269

Based on this income, you can afford a home valued at approximately $274,519

The home price you can afford to buy based on household income in Gainesville is 97% of the median home value which means housing prices are expensive. Gainesville (Alachua County) ranks 44 out of 67 counties in Florida and 2,845 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Gainesville, FL is expensive

orange-simple-house
ruler

Loan Limits for Gainesville, Florida

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

Conforming loan limits for Gainesville, FL

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Gainesville, FL

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Gainesville, FL

1 unit: $726,200

Additional Mortgage Resources for Gainesville, 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