Compare Current Davenport, Iowa Mortgage Rates

Compare Davenport, IA 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 Davenport.

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

Davenport, IA Mortgage Rates as of April 25, 2024
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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. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Davenport, IA Mortgage Rates

April 25, 2024

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

How Affordable is Housing in Davenport, Iowa?

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

The median home value for Davenport, IA (Scott County) is $203,226

Based on current mortgage rates and a 10% down payment, you need to make $42,396 per year to buy the median priced home in Davenport

With this income, you could qualify for a $182,904 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 Davenport is $982

The median household income for Davenport, IA (Scott County) is $66,523

Based on this income, you can afford a home valued at approximately $318,879

The home price you can afford to buy based on household income in Davenport is 157% of the median home value which means housing prices are average. Davenport (Scott County) ranks 93 out of 99 counties in Iowa and 1,697 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Davenport, IA is average


Loan Limits for Davenport, Iowa

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

Conforming loan limits for Davenport, IA

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

FHA loan limits for Davenport, IA

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

VA loan limits for Davenport, IA

1 unit: $726,200

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