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Valparaiso

Current Mortgage Rates in Valparaiso, Indiana

Compare mortgage rates and fees for leading lenders in Valparaiso, 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 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.

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Mortgage Rates in Valparaiso, IN as of November 11, 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 Valparaiso, IN Mortgage Rates Compare?

November 11, 2019

The current average rate for a 30 year fixed rate mortgage in Valparaiso 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
Valparaiso, IN Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Valparaiso, Indiana?

The median home value for Valparaiso, IN (Porter County) is $205,174

The median household income for Valparaiso, IN (Porter County) is $67,996

Based on current mortgage rates and a 10% down payment, you need to make $38,066 per year to buy the median priced home in Valparaiso

The home price you can afford to buy based on household income in Valparaiso is 179% of the median home value which means housing prices are average

Valparaiso (Porter County) ranks 84 out of 92 counties in Indiana and 2,011 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

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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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Valparaiso, IN

1 unit: $368,000
2 units: $471,100
3 units: $569,450
4 units: $707,700

VA loan limits for Valparaiso, IN

1 unit: $484,350

Additional Mortgage Resources for Valparaiso, IN Residents

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Valparaiso Mortgage Rates

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