Compare mortgage rates and fees for leading lenders in Dubuque, 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 Dubuque.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Dubuque. Plus, shopping lenders is free and there is no obligation.
April 2, 2020
The current average rate for a 30 year fixed rate mortgage in Dubuque 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 Dubuque. Understand how much you need to earn to afford a home in Dubuque, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Dubuque 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 Dubuque is right for you.
The median home value for Dubuque, IA is $177,461
Based on current mortgage rates and a 10% down payment, you need to make $31,938 per year to buy the median priced home in Dubuque
With this income, you could qualify for a $159,715 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 Dubuque is $740
The median household income for Dubuque, IA is $62,382
Based on this income, you can afford a home valued at approximately $346,617
The home price you can afford to buy based on household income in Dubuque is 195% of the median home value which means housing prices are average. Dubuque ranks 93 out of 99 counties in Iowa and 1,671 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Dubuque, IA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Dubuque below.
Conforming loan limits for Dubuque, IA
FHA loan limits for Dubuque, IA
VA loan limits for Dubuque, IA