Compare mortgage rates and fees for leading lenders in LaSalle, 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 LaSalle.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in LaSalle. Plus, shopping lenders is free and there is no obligation.
December 9, 2019
The current average rate for a 30 year fixed rate mortgage in LaSalle 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 LaSalle, IL is $137,735
The median household income for LaSalle, IL is $56,365
Based on current mortgage rates and a 10% down payment, you need to make $25,554 per year to buy the median priced home in LaSalle
The home price you can afford to buy based on household income in LaSalle is 221% of the median home value which means housing prices are affordable
LaSalle ranks 83 out of 102 counties in Illinois and 1,174 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in LaSalle, IL is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for LaSalle below.
Conforming loan limits for LaSalle, IL
FHA loan limits for LaSalle, IL
VA loan limits for LaSalle, 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