Compare mortgage rates and fees for leading lenders in Metairie, 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 Metairie.
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December 14, 2019
The current average rate for a 30 year fixed rate mortgage in Metairie 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 Metairie, LA (Jefferson County) is $192,803
The median household income for Metairie, LA (Jefferson County) is $52,423
Based on current mortgage rates and a 10% down payment, you need to make $35,771 per year to buy the median priced home in Metairie
The home price you can afford to buy based on household income in Metairie is 147% of the median home value which means housing prices are average
Metairie (Jefferson County) ranks 58 out of 64 counties in Louisiana and 2,588 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Metairie, LA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Metairie (Jefferson County) below.
Conforming loan limits for Metairie, LA
FHA loan limits for Metairie, LA
VA loan limits for Metairie, 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