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.
October 23, 2019
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%
The median home value for Dubuque, IA is $172,125
The median household income for Dubuque, IA is $60,958
Based on current mortgage rates and a 10% down payment, you need to make $31,935 per year to buy the median priced home in Dubuque
The home price you can afford to buy based on household income in Dubuque is 191% of the median home value which means housing prices are average
Dubuque ranks 93 out of 99 counties in Iowa and 1,770 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
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