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Terre Haute

Current Mortgage Rates in Terre Haute, Indiana

Compare mortgage rates and fees for leading lenders in Terre Haute, 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 Terre Haute.

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

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Mortgage Rates in Terre Haute, IN as of May 30, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Terre Haute, IN Mortgage Rates Compare?

May 30, 2020

The current average rate for a 30 year fixed rate mortgage in Terre Haute 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%

Mortgage Program
Today's
Terre Haute, IN Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Terre Haute, Indiana?

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

The median home value for Terre Haute, IN (Vigo County) is $102,148

Based on current mortgage rates and a 10% down payment, you need to make $18,384 per year to buy the median priced home in Terre Haute

With this income, you could qualify for a $91,933 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 Terre Haute is $426

The median household income for Terre Haute, IN (Vigo County) is $44,327

Based on this income, you can afford a home valued at approximately $246,294

The home price you can afford to buy based on household income in Terre Haute is 241% of the median home value which means housing prices are affordable. Terre Haute (Vigo County) ranks 32 out of 92 counties in Indiana and 835 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Terre Haute, IN is affordable

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Loan Limits for Terre Haute, Indiana

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

Conforming loan limits for Terre Haute, IN

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Terre Haute, IN

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Terre Haute, IN

1 unit: $510,400

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