Current Mortgage Rates in Moline, Illinois

Compare mortgage rates and fees for leading lenders in Moline, 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 Moline.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Moline. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates in Moline, IL as of August 6, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.


How Do Today's Moline, IL Mortgage Rates Compare?

August 6, 2020

The current average rate for a 30 year fixed rate mortgage in Moline 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%

Mortgage Program
Moline, IL Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Moline, Illinois?

Below we provide helpful information on the real estate market, home prices and housing affordability in Moline. Understand how much you need to earn to afford a home in Moline, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Moline 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 Moline is right for you.

The median home value for Moline, IL (Rock Island County) is $123,534

Based on current mortgage rates and a 10% down payment, you need to make $22,233 per year to buy the median priced home in Moline

With this income, you could qualify for a $111,181 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 Moline is $515

The median household income for Moline, IL (Rock Island County) is $54,236

Based on this income, you can afford a home valued at approximately $301,354

The home price you can afford to buy based on household income in Moline is 244% of the median home value which means housing prices are affordable. Moline (Rock Island County) ranks 73 out of 102 counties in Illinois and 807 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Moline, IL is affordable


Loan Limits for Moline, Illinois

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Moline (Rock Island County) below.

Conforming loan limits for Moline, IL

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Moline, IL

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Moline, IL

1 unit: $510,400

Additional Mortgage Resources for Moline, IL Residents

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