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.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Council Bluffs. Plus, shopping lenders is free and there is no obligation.
August 5, 2020
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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Council Bluffs. Understand how much you need to earn to afford a home in Council Bluffs, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Council Bluffs 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 Council Bluffs is right for you.
The median home value for Council Bluffs, IA (Pottawattamie County) is $163,353
Based on current mortgage rates and a 10% down payment, you need to make $29,399 per year to buy the median priced home in Council Bluffs
With this income, you could qualify for a $147,018 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 Council Bluffs is $681
The median household income for Council Bluffs, IA (Pottawattamie County) is $59,367
Based on this income, you can afford a home valued at approximately $329,863
The home price you can afford to buy based on household income in Council Bluffs is 202% of the median home value which means housing prices are affordable. Council Bluffs (Pottawattamie County) ranks 90 out of 99 counties in Iowa and 1,537 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