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.
July 11, 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%
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
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
FHA loan limits for Thibodaux, LA
VA loan limits for Thibodaux, LA