Compare mortgage rates and fees for leading lenders in West Palm Beach, 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 West Palm Beach.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in West Palm Beach. Plus, shopping lenders is free and there is no obligation.
December 12, 2019
The current average rate for a 30 year fixed rate mortgage in West Palm Beach 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 West Palm Beach, FL (Palm Beach County) is $313,736
The median household income for West Palm Beach, FL (Palm Beach County) is $59,006
Based on current mortgage rates and a 10% down payment, you need to make $58,208 per year to buy the median priced home in West Palm Beach
The home price you can afford to buy based on household income in West Palm Beach is 101% of the median home value which means housing prices are average
West Palm Beach (Palm Beach County) ranks 63 out of 67 counties in Florida and 2,996 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in West Palm Beach, FL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for West Palm Beach (Palm Beach County) below.
Conforming loan limits for West Palm Beach, FL
FHA loan limits for West Palm Beach, FL
VA loan limits for West Palm Beach, 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