Compare Current Evansville, Indiana Mortgage Rates

Compare Evansville, IN 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 Evansville.

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

Evansville, IN Mortgage Rates as of June 12, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Evansville, IN Mortgage Rates

June 12, 2024

Current mortgage rates in Evansville, IN are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Evansville, IN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Evansville, Indiana?

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

The median home value for Evansville, IN (Vanderburgh County) is $170,920

Based on current mortgage rates and a 10% down payment, you need to make $35,657 per year to buy the median priced home in Evansville

With this income, you could qualify for a $153,828 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 Evansville is $826

The median household income for Evansville, IN (Vanderburgh County) is $53,947

Based on this income, you can afford a home valued at approximately $258,596

The home price you can afford to buy based on household income in Evansville is 151% of the median home value which means housing prices are average. Evansville (Vanderburgh County) ranks 78 out of 92 counties in Indiana and 1,852 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Evansville, IN is average


Loan Limits for Evansville, Indiana

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

Conforming loan limits for Evansville, IN

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Evansville, IN

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Evansville, IN

1 unit: $726,200

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