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Jeffersonville

Current Mortgage Rates in Jeffersonville, Indiana

Compare mortgage rates and fees for leading lenders in Jeffersonville, 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 Jeffersonville.

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

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Mortgage Rates in Jeffersonville, IN as of August 22, 2019
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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 Jeffersonville, IN Mortgage Rates Compare?

August 22, 2019

The current average rate for a 30 year fixed rate mortgage in Jeffersonville 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
Jeffersonville, 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 Jeffersonville, Indiana?

The median home value for Jeffersonville, IN (Clark County) is $148,313

The median household income for Jeffersonville, IN (Clark County) is $54,449

Based on current mortgage rates and a 10% down payment, you need to make $27,517 per year to buy the median priced home in Jeffersonville

The home price you can afford to by based on household income in Jeffersonville is 198% of the median home value which means housing prices are average

Jeffersonville (Clark County) ranks 71 out of 92 counties in Indiana and 1,632 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Jeffersonville, Indiana

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

Conforming loan limits for Jeffersonville, IN

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

FHA loan limits for Jeffersonville, IN

1 unit: $316,250
2 units: $404,850
3 units: $489,350
4 units: $608,150

VA loan limits for Jeffersonville, IN

1 unit: $484,350

Additional Mortgage Resources for Jeffersonville, IN Residents

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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