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Sioux City

Current Mortgage Rates in Sioux City, Iowa

Compare mortgage rates and fees for leading lenders in Sioux City, 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 Sioux City.

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

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Mortgage Rates in Sioux City, IA as of January 20, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Sioux City, IA Mortgage Rates Compare?

January 20, 2020

The current average rate for a 30 year fixed rate mortgage in Sioux City 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%

Mortgage Program
Today's
Sioux City, IA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Sioux City, Iowa?

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

The median home value for Sioux City, IA (Woodbury County) is $142,489

Based on current mortgage rates and a 10% down payment, you need to make $25,644 per year to buy the median priced home in Sioux City

With this income, you could qualify for a $128,240 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 Sioux City is $594

The median household income for Sioux City, IA (Woodbury County) is $54,156

Based on this income, you can afford a home valued at approximately $300,909

The home price you can afford to buy based on household income in Sioux City is 211% of the median home value which means housing prices are affordable. Sioux City (Woodbury County) ranks 84 out of 99 counties in Iowa and 1,344 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Sioux City, IA is affordable

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Loan Limits for Sioux City, Iowa

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

Conforming loan limits for Sioux City, IA

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Sioux City, IA

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Sioux City, IA

1 unit: $510,400

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