Compare Current Hendricks, Indiana Mortgage Rates

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.

Hendricks, IN Mortgage Rates as of June 15, 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 Hendricks, IN Mortgage Rates

June 15, 2024

Current mortgage rates in Hendricks, 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
Hendricks, IN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Hendricks, Indiana?

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 $297,065

Based on current mortgage rates and a 10% down payment, you need to make $61,973 per year to buy the median priced home in Hendricks

With this income, you could qualify for a $267,359 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 $1,435

The median household income for Hendricks, IN is $90,531

Based on this income, you can afford a home valued at approximately $433,958

The home price you can afford to buy based on household income in Hendricks is 146% of the median home value which means housing prices are average. Hendricks ranks 80 out of 92 counties in Indiana and 1,987 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 average


Loan Limits for Hendricks, Indiana

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

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

FHA loan limits for Hendricks, IN

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

VA loan limits for Hendricks, IN

1 unit: $726,200

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