Compare Current Muncie, Indiana Mortgage Rates

Compare Muncie, IN mortgage rates and fees from top lenders. 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 lowest mortgage rates in Muncie.

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

Muncie, IN Mortgage Rates as of September 30, 2023
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Compare Today's Muncie, IN Mortgage Rates

September 30, 2023

Current mortgage rates in Muncie, IN are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Muncie, IN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Muncie, Indiana?

Below we provide helpful information on the real estate market, home prices and housing affordability in Muncie. Understand how much you need to earn to afford a home in Muncie, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Muncie 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 Muncie is right for you.

The median home value for Muncie, IN (Delaware County) is $123,170

Based on current mortgage rates and a 10% down payment, you need to make $25,695 per year to buy the median priced home in Muncie

With this income, you could qualify for a $110,853 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 Muncie is $595

The median household income for Muncie, IN (Delaware County) is $51,234

Based on this income, you can afford a home valued at approximately $245,591

The home price you can afford to buy based on household income in Muncie is 199% of the median home value which means housing prices are average. Muncie (Delaware County) ranks 30 out of 92 counties in Indiana and 804 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Muncie, Indiana

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

Conforming loan limits for Muncie, IN

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Muncie, IN

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Muncie, IN

1 unit: $726,200

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