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Sioux City

Compare Current Sioux City, Iowa Mortgage Rates

Compare Sioux City, 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 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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Sioux City, IA Mortgage Rates as of May 18, 2024
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Sioux City, IA Mortgage Rates

May 18, 2024

Current mortgage rates in Sioux City, 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
Today's
Sioux City, IA Rates
National
Average
Comparison
30 Year Fixed Rate
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6.669%
15 Year Fixed Rate
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5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

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 $179,318

Based on current mortgage rates and a 10% down payment, you need to make $37,409 per year to buy the median priced home in Sioux City

With this income, you could qualify for a $161,386 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 $866

The median household income for Sioux City, IA (Woodbury County) is $60,243

Based on this income, you can afford a home valued at approximately $288,774

The home price you can afford to buy based on household income in Sioux City is 161% of the median home value which means housing prices are average. Sioux City (Woodbury County) ranks 89 out of 99 counties in Iowa and 1,600 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 average

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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: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Sioux City, IA

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Sioux City, IA

1 unit: $726,200

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