Compare mortgage rates and fees for leading lenders in Johnson, 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 Johnson.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Johnson. Plus, shopping lenders is free and there is no obligation.
September 18, 2020
The current average rate for a 30 year fixed rate mortgage in Johnson 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Johnson. Understand how much you need to earn to afford a home in Johnson, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Johnson 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 Johnson is right for you.
The median home value for Johnson, IN is $189,969
Based on current mortgage rates and a 10% down payment, you need to make $34,190 per year to buy the median priced home in Johnson
With this income, you could qualify for a $170,972 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 Johnson is $792
The median household income for Johnson, IN is $68,839
Based on this income, you can afford a home valued at approximately $382,491
The home price you can afford to buy based on household income in Johnson is 201% of the median home value which means housing prices are affordable. Johnson ranks 64 out of 92 counties in Indiana and 1,547 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Johnson, IN is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Johnson below.
Conforming loan limits for Johnson, IN
FHA loan limits for Johnson, IN
VA loan limits for Johnson, IN