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.
April 7, 2020
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%
Below we provide helpful information on the real estate market, home prices and housing affordability in La Porte. Understand how much you need to earn to afford a home in La Porte, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in La Porte 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 La Porte is right for you.
The median home value for La Porte, IN is $151,445
Based on current mortgage rates and a 10% down payment, you need to make $27,256 per year to buy the median priced home in La Porte
With this income, you could qualify for a $136,300 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 La Porte is $631
The median household income for La Porte, IN is $52,649
Based on this income, you can afford a home valued at approximately $292,535
The home price you can afford to buy based on household income in La Porte is 193% of the median home value which means housing prices are average. La Porte ranks 74 out of 92 counties in Indiana and 1,712 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