Compare mortgage rates and fees for leading lenders in Alexandria, LA. 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 Alexandria.
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August 24, 2019
The current average rate for a 30 year fixed rate mortgage in Alexandria 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 Alexandria, LA (Rapides County) is $141,347
The median household income for Alexandria, LA (Rapides County) is $43,959
Based on current mortgage rates and a 10% down payment, you need to make $26,224 per year to buy the median priced home in Alexandria
The home price you can afford to by based on household income in Alexandria is 168% of the median home value which means housing prices are average
Alexandria (Rapides County) ranks 50 out of 64 counties in Louisiana and 2,242 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Alexandria, LA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Alexandria (Rapides County) below.
Conforming loan limits for Alexandria, LA
FHA loan limits for Alexandria, LA
VA loan limits for Alexandria, LA
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