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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 August 18, 2019
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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.

How Do Today's Sioux City, IA Mortgage Rates Compare?

August 18, 2019

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%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Sioux City, Iowa?

The median home value for Sioux City, IA (Woodbury County) is $133,918

The median household income for Sioux City, IA (Woodbury County) is $52,920

Based on current mortgage rates and a 10% down payment, you need to make $24,846 per year to buy the median priced home in Sioux City

The home price you can afford to by based on household income in Sioux City is 213% of the median home value which means housing prices are affordable

Sioux City (Woodbury County) ranks 83 out of 99 counties in Iowa and 1,331 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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Sioux City, IA

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Sioux City, IA

1 unit: $484,350

Additional Mortgage Resources for Sioux City, IA Residents

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Waterloo Mortgage Rates

Sources

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