Compare Current Metairie, Louisiana Mortgage Rates

Compare Metairie, LA 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 Metairie.

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

Metairie, LA Mortgage Rates as of November 30, 2022
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Metairie, LA Mortgage Rates

November 30, 2022

Current mortgage rates in Metairie, LA 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
Metairie, LA Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Metairie, Louisiana?

Below we provide helpful information on the real estate market, home prices and housing affordability in Metairie. Understand how much you need to earn to afford a home in Metairie, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Metairie 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 Metairie is right for you.

The median home value for Metairie, LA (Jefferson County) is $234,835

Based on current mortgage rates and a 10% down payment, you need to make $38,477 per year to buy the median priced home in Metairie

With this income, you could qualify for a $211,351 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 Metairie is $891

The median household income for Metairie, LA (Jefferson County) is $60,603

Based on this income, you can afford a home valued at approximately $369,880

The home price you can afford to buy based on household income in Metairie is 158% of the median home value which means housing prices are average. Metairie (Jefferson County) ranks 59 out of 64 counties in Louisiana and 2,491 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


Loan Limits for Metairie, Louisiana

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

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Metairie, LA

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Metairie, LA

1 unit: $647,200

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