Compare mortgage rates and fees for leading lenders in Barnstable Town, MA. 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 Barnstable Town.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Barnstable Town. 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 Barnstable Town 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 Barnstable Town, MA (Barnstable County) is $420,353
The median household income for Barnstable Town, MA (Barnstable County) is $70,128
Based on current mortgage rates and a 10% down payment, you need to make $77,989 per year to buy the median priced home in Barnstable Town
The home price you can afford to buy based on household income in Barnstable Town is 90% of the median home value which means housing prices are expensive
Barnstable Town (Barnstable County) ranks 11 out of 14 counties in Massachusetts and 3,049 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Barnstable Town, MA is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Barnstable Town (Barnstable County) below.
Conforming loan limits for Barnstable Town, MA
FHA loan limits for Barnstable Town, MA
VA loan limits for Barnstable Town, MA
Learn what price home you can afford to buy in Barnstable Town
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