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.
November 11, 2019
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%
The median home value for Naperville, IL (DuPage County) is $324,858
The median household income for Naperville, IL (DuPage County) is $87,023
Based on current mortgage rates and a 10% down payment, you need to make $60,271 per year to buy the median priced home in Naperville
The home price you can afford to buy based on household income in Naperville is 144% of the median home value which means housing prices are average
Naperville (DuPage County) ranks 101 out of 102 counties in Illinois and 2,615 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
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
FHA loan limits for Naperville, IL
VA loan limits for Naperville, 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