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.
December 14, 2019
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%
The median home value for Johnson, IN is $178,041
The median household income for Johnson, IN is $67,267
Based on current mortgage rates and a 10% down payment, you need to make $33,032 per year to buy the median priced home in Johnson
The home price you can afford to buy based on household income in Johnson is 204% of the median home value which means housing prices are affordable
Johnson ranks 64 out of 92 counties in Indiana and 1,523 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
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