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Alexandria

Current Mortgage Rates in Alexandria, Louisiana

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.

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

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Mortgage Rates in Alexandria, LA as of August 24, 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 Alexandria, LA Mortgage Rates Compare?

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%

Mortgage Program
Today's
Alexandria, LA 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 Alexandria, Louisiana?

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

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Loan Limits for Alexandria, Louisiana

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

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Alexandria, LA

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

VA loan limits for Alexandria, LA

1 unit: $484,350

Additional Mortgage Resources for Alexandria, LA Residents

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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