Compare mortgage rates and fees for leading lenders in Council Bluffs, IA. 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 Council Bluffs.
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October 14, 2019
The current average rate for a 30 year fixed rate mortgage in Council Bluffs 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 Council Bluffs, IA (Pottawattamie County) is $153,528
The median household income for Council Bluffs, IA (Pottawattamie County) is $58,012
Based on current mortgage rates and a 10% down payment, you need to make $28,484 per year to buy the median priced home in Council Bluffs
The home price you can afford to buy based on household income in Council Bluffs is 204% of the median home value which means housing prices are affordable
Council Bluffs (Pottawattamie County) ranks 89 out of 99 counties in Iowa and 1,522 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Council Bluffs, IA is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Council Bluffs (Pottawattamie County) below.
Conforming loan limits for Council Bluffs, IA
FHA loan limits for Council Bluffs, IA
VA loan limits for Council Bluffs, IA
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