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.
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%
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
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
FHA loan limits for Terre Haute, IN
VA loan limits for Terre Haute, 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