Compare mortgage rates and fees for leading lenders in Plymouth, 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 Plymouth.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Plymouth. Plus, shopping lenders is free and there is no obligation.
October 23, 2019
The current average rate for a 30 year fixed rate mortgage in Plymouth 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 Plymouth, MA is $371,781
The median household income for Plymouth, MA is $84,590
Based on current mortgage rates and a 10% down payment, you need to make $68,977 per year to buy the median priced home in Plymouth
The home price you can afford to buy based on household income in Plymouth is 123% of the median home value which means housing prices are average
Plymouth ranks 6 out of 14 counties in Massachusetts and 2,851 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Plymouth, MA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Plymouth below.
Conforming loan limits for Plymouth, MA
FHA loan limits for Plymouth, MA
VA loan limits for Plymouth, MA
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