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 September 28, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Davenport, IA Mortgage Rates

September 28, 2022

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 $202,070

Based on current mortgage rates and a 10% down payment, you need to make $33,108 per year to buy the median priced home in Davenport

With this income, you could qualify for a $181,863 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 $767

The median household income for Davenport, IA (Scott County) is $70,389

Based on this income, you can afford a home valued at approximately $429,602

The home price you can afford to buy based on household income in Davenport is 213% of the median home value which means housing prices are affordable. Davenport (Scott County) ranks 91 out of 99 counties in Iowa and 1,473 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 affordable


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: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Davenport, IA

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Davenport, IA

1 unit: $647,200

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