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Carver

Current Mortgage Rates in Carver, Minnesota

Compare mortgage rates and fees for leading lenders in Carver, MN. 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 Carver.

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

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Mortgage Rates in Carver, MN as of August 19, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Carver, MN Mortgage Rates Compare?

August 19, 2019

The current average rate for a 30 year fixed rate mortgage in Carver 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
Today's
Carver, MN Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Carver, Minnesota?

The median home value for Carver, MN is $336,008

The median household income for Carver, MN is $95,941

Based on current mortgage rates and a 10% down payment, you need to make $62,340 per year to buy the median priced home in Carver

The home price you can afford to by based on household income in Carver is 154% of the median home value which means housing prices are average

Carver ranks 79 out of 87 counties in Minnesota and 2,484 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Carver, MN is average

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Loan Limits for Carver, Minnesota

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Carver below.

Conforming loan limits for Carver, MN

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Carver, MN

1 unit: $366,850
2 units: $469,600
3 units: $567,650
4 units: $705,500

VA loan limits for Carver, MN

1 unit: $484,350

Additional Mortgage Resources for Carver, MN Residents

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Sources

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