Compare Current Valparaiso, Indiana Mortgage Rates

Compare Valparaiso, 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 Valparaiso.

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

Valparaiso, IN Mortgage Rates as of November 29, 2023
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details. Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Valparaiso, IN Mortgage Rates

November 29, 2023

Current mortgage rates in Valparaiso, 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
Valparaiso, IN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Valparaiso, Indiana?

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

The median home value for Valparaiso, IN (Porter County) is $288,209

Based on current mortgage rates and a 10% down payment, you need to make $60,125 per year to buy the median priced home in Valparaiso

With this income, you could qualify for a $259,388 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 Valparaiso is $1,392

The median household income for Valparaiso, IN (Porter County) is $81,723

Based on this income, you can afford a home valued at approximately $391,739

The home price you can afford to buy based on household income in Valparaiso is 136% of the median home value which means housing prices are average. Valparaiso (Porter County) ranks 86 out of 92 counties in Indiana and 2,214 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Valparaiso, Indiana

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

Conforming loan limits for Valparaiso, IN

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

FHA loan limits for Valparaiso, IN

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

VA loan limits for Valparaiso, IN

1 unit: $726,200

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