Compare mortgage rates and fees for leading lenders in DeKalb, IL. 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 DeKalb.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in DeKalb. Plus, shopping lenders is free and there is no obligation.
October 14, 2019
The current average rate for a 30 year fixed rate mortgage in DeKalb 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 DeKalb, IL is $172,856
The median household income for DeKalb, IL is $60,127
Based on current mortgage rates and a 10% down payment, you need to make $32,070 per year to buy the median priced home in DeKalb
The home price you can afford to buy based on household income in DeKalb is 187% of the median home value which means housing prices are average
DeKalb ranks 95 out of 102 counties in Illinois and 1,833 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in DeKalb, IL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for DeKalb below.
Conforming loan limits for DeKalb, IL
FHA loan limits for DeKalb, IL
VA loan limits for DeKalb, IL
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