Compare mortgage rates and fees for leading lenders in Lewiston, ID. 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 Lewiston.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Lewiston. Plus, shopping lenders is free and there is no obligation.
September 19, 2020
The current average rate for a 30 year fixed rate mortgage in Lewiston 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Lewiston. Understand how much you need to earn to afford a home in Lewiston, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Lewiston 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 Lewiston is right for you.
The median home value for Lewiston, ID (Nez Perce County) is $202,110
Based on current mortgage rates and a 10% down payment, you need to make $36,374 per year to buy the median priced home in Lewiston
With this income, you could qualify for a $181,899 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 Lewiston is $842
The median household income for Lewiston, ID (Nez Perce County) is $54,635
Based on this income, you can afford a home valued at approximately $303,569
The home price you can afford to buy based on household income in Lewiston is 150% of the median home value which means housing prices are average. Lewiston (Nez Perce County) ranks 16 out of 44 counties in Idaho and 2,527 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Lewiston, ID is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Lewiston (Nez Perce County) below.
Conforming loan limits for Lewiston, ID
FHA loan limits for Lewiston, ID
VA loan limits for Lewiston, ID