»
»
Fort Wayne

Current Mortgage Rates in Fort Wayne, Indiana

Compare mortgage rates and fees for leading lenders in Fort Wayne, IN. 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 Fort Wayne.

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

%
Mortgage Rates in Fort Wayne, IN as of August 22, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Fort Wayne, IN

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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 Fort Wayne, IN Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in Fort Wayne 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
Today's
Fort Wayne, IN Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Fort Wayne, Indiana?

The median home value for Fort Wayne, IN (Allen County) is $149,072

The median household income for Fort Wayne, IN (Allen County) is $52,653

Based on current mortgage rates and a 10% down payment, you need to make $27,658 per year to buy the median priced home in Fort Wayne

The home price you can afford to by based on household income in Fort Wayne is 190% of the median home value which means housing prices are average

Fort Wayne (Allen County) ranks 76 out of 92 counties in Indiana and 1,784 out of 3,142 counties in the United States for housing affordability.

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

orange-simple-house
ruler

Loan Limits for Fort Wayne, Indiana

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

Conforming loan limits for Fort Wayne, IN

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Fort Wayne, IN

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Fort Wayne, IN

1 unit: $484,350

Additional Mortgage Resources for Fort Wayne, IN Residents

Mortgage Rates for Indiana Cities

Anderson Mortgage Rates

Bloomington Mortgage Rates

Carmel Mortgage Rates

Elkhart Mortgage Rates

Evansville Mortgage Rates

Fort Wayne Mortgage Rates

Gary Mortgage Rates

Hendricks Mortgage Rates

Indianapolis Mortgage Rates

Jeffersonville Mortgage Rates

Johnson Mortgage Rates

La Porte Mortgage Rates

Lafayette Mortgage Rates

Muncie Mortgage Rates

South Bend Mortgage Rates

Terre Haute Mortgage Rates

Valparaiso Mortgage Rates

Sources

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