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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 August 22, 2019
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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.

How Do Today's Terre Haute, IN Mortgage Rates Compare?

August 22, 2019

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%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Terre Haute, Indiana?

The median home value for Terre Haute, IN (Vigo County) is $97,656

The median household income for Terre Haute, IN (Vigo County) is $43,315

Based on current mortgage rates and a 10% down payment, you need to make $18,118 per year to buy the median priced home in Terre Haute

The home price you can afford to by based on household income in Terre Haute is 239% of the median home value which means housing prices are affordable

Terre Haute (Vigo County) ranks 35 out of 92 counties in Indiana and 871 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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Terre Haute, IN

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Terre Haute, IN

1 unit: $484,350

Additional Mortgage Resources for Terre Haute, IN Residents

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Sources

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