Current Mortgage Rates in Naperville, Illinois

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

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

Mortgage Rates in Naperville, IL as of September 18, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


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

September 18, 2020

The current average rate for a 30 year fixed rate mortgage in Naperville 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
Naperville, IL Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Naperville, Illinois?

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

The median home value for Naperville, IL (DuPage County) is $337,202

Based on current mortgage rates and a 10% down payment, you need to make $60,688 per year to buy the median priced home in Naperville

With this income, you could qualify for a $303,482 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 Naperville is $1,405

The median household income for Naperville, IL (DuPage County) is $89,056

Based on this income, you can afford a home valued at approximately $494,827

The home price you can afford to buy based on household income in Naperville is 147% of the median home value which means housing prices are average. Naperville (DuPage County) ranks 101 out of 102 counties in Illinois and 2,569 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Naperville, IL is average


Loan Limits for Naperville, Illinois

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

Conforming loan limits for Naperville, IL

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

FHA loan limits for Naperville, IL

1 unit: $368,000
2 units: $471,100
3 units: $569,450
4 units: $707,700

VA loan limits for Naperville, IL

1 unit: $510,400

Additional Mortgage Resources for Naperville, IL Residents

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