Current Mortgage Rates in Thibodaux, Louisiana

Compare mortgage rates and fees for leading lenders in Thibodaux, 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 Thibodaux.

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

Mortgage Rates in Thibodaux, LA as of September 19, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Thibodaux, LA Mortgage Rates Compare?

September 19, 2020

The current average rate for a 30 year fixed rate mortgage in Thibodaux 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
Thibodaux, LA Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Thibodaux, Louisiana?

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

The median home value for Thibodaux, LA (Lafourche County) is $161,868

Based on current mortgage rates and a 10% down payment, you need to make $29,132 per year to buy the median priced home in Thibodaux

With this income, you could qualify for a $145,682 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 Thibodaux is $675

The median household income for Thibodaux, LA (Lafourche County) is $55,585

Based on this income, you can afford a home valued at approximately $308,849

The home price you can afford to buy based on household income in Thibodaux is 191% of the median home value which means housing prices are average. Thibodaux (Lafourche County) ranks 44 out of 64 counties in Louisiana and 1,762 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Thibodaux, LA is average


Loan Limits for Thibodaux, Louisiana

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Thibodaux (Lafourche County) below.

Conforming loan limits for Thibodaux, LA

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Thibodaux, LA

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Thibodaux, LA

1 unit: $510,400

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