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.
September 22, 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%
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
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
FHA loan limits for Valparaiso, IN
VA loan limits for Valparaiso, 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