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.
December 14, 2019
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%
The median home value for Punta Gorda, FL (Charlotte County) is $211,024
The median household income for Punta Gorda, FL (Charlotte County) is $47,933
Based on current mortgage rates and a 10% down payment, you need to make $39,152 per year to buy the median priced home in Punta Gorda
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 51 out of 67 counties in Florida and 2,852 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
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
FHA loan limits for Punta Gorda, FL
VA loan limits for Punta Gorda, 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