Compare mortgage rates and fees for leading lenders in St. Tammany, 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 St. Tammany.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in St. Tammany. Plus, shopping lenders is free and there is no obligation.
December 9, 2019
The current average rate for a 30 year fixed rate mortgage in St. Tammany 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 St. Tammany, LA is $219,658
The median household income for St. Tammany, LA is $68,573
Based on current mortgage rates and a 10% down payment, you need to make $40,753 per year to buy the median priced home in St. Tammany
The home price you can afford to buy based on household income in St. Tammany is 168% of the median home value which means housing prices are average
St. Tammany ranks 49 out of 64 counties in Louisiana and 2,229 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in St. Tammany, LA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for St. Tammany below.
Conforming loan limits for St. Tammany, LA
FHA loan limits for St. Tammany, LA
VA loan limits for St. Tammany, 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