Compare St. Clair, IL mortgage rates and fees from top lenders. 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 lowest mortgage rates in St. Clair.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in St. Clair. Plus, shopping lenders is free and there is no obligation.
January 19, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in St. Clair. Understand how much you need to earn to afford a home in St. Clair, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in St. Clair 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 St. Clair is right for you.
The median home value for St. Clair, IL is $151,936
Based on current mortgage rates and a 10% down payment, you need to make $24,894 per year to buy the median priced home in St. Clair
With this income, you could qualify for a $136,742 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 St. Clair is $577
The median household income for St. Clair, IL is $59,641
Based on this income, you can afford a home valued at approximately $364,009
The home price you can afford to buy based on household income in St. Clair is 240% of the median home value which means housing prices are affordable. St. Clair ranks 81 out of 102 counties in Illinois and 980 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in St. Clair, IL is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for St. Clair below.
Conforming loan limits for St. Clair, IL
FHA loan limits for St. Clair, IL
VA loan limits for St. Clair, IL