Compare mortgage rates and fees for leading lenders in La Porte, 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 La Porte.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in La Porte. Plus, shopping lenders is free and there is no obligation.
October 22, 2019
The current average rate for a 30 year fixed rate mortgage in La Porte 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 La Porte, IN is $141,935
The median household income for La Porte, IN is $51,447
Based on current mortgage rates and a 10% down payment, you need to make $26,333 per year to buy the median priced home in La Porte
The home price you can afford to buy based on household income in La Porte is 195% of the median home value which means housing prices are average
La Porte ranks 74 out of 92 counties in Indiana and 1,688 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in La Porte, IN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for La Porte below.
Conforming loan limits for La Porte, IN
FHA loan limits for La Porte, IN
VA loan limits for La Porte, 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