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Punta Gorda

Current Mortgage Rates in Punta Gorda, Florida

Compare mortgage rates and fees for leading lenders in Punta Gorda, 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 Punta Gorda.

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

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Mortgage Rates in Punta Gorda, FL as of October 1, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
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How Do Today's Punta Gorda, FL Mortgage Rates Compare?

October 1, 2020

The current average rate for a 30 year fixed rate mortgage in Punta Gorda 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
Punta Gorda, 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 Punta Gorda, Florida?

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

The median home value for Punta Gorda, FL (Charlotte County) is $222,841

Based on current mortgage rates and a 10% down payment, you need to make $40,106 per year to buy the median priced home in Punta Gorda

With this income, you could qualify for a $200,557 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 Punta Gorda is $929

The median household income for Punta Gorda, FL (Charlotte County) is $49,052

Based on this income, you can afford a home valued at approximately $272,553

The home price you can afford to buy based on household income in Punta Gorda is 122% of the median home value which means housing prices are average. Punta Gorda (Charlotte County) ranks 49 out of 67 counties in Florida and 2,838 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Punta Gorda, FL is average

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Loan Limits for Punta Gorda, Florida

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

Conforming loan limits for Punta Gorda, FL

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

FHA loan limits for Punta Gorda, FL

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

VA loan limits for Punta Gorda, FL

1 unit: $510,400

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