Compare Hendricks, 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 Hendricks.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Hendricks. Plus, shopping lenders is free and there is no obligation.
January 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Hendricks. Understand how much you need to earn to afford a home in Hendricks, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Hendricks 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 Hendricks is right for you.
The median home value for Hendricks, IN is $272,934
Based on current mortgage rates and a 10% down payment, you need to make $44,719 per year to buy the median priced home in Hendricks
With this income, you could qualify for a $245,640 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 Hendricks is $1,036
The median household income for Hendricks, IN is $92,286
Based on this income, you can afford a home valued at approximately $563,248
The home price you can afford to buy based on household income in Hendricks is 206% of the median home value which means housing prices are affordable. Hendricks ranks 70 out of 92 counties in Indiana and 1,603 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Hendricks, IN is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hendricks below.
Conforming loan limits for Hendricks, IN
FHA loan limits for Hendricks, IN
VA loan limits for Hendricks, IN