Compare mortgage rates and fees for leading lenders in Woodbury, 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 Woodbury.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Woodbury. Plus, shopping lenders is free and there is no obligation.
November 13, 2019
The current average rate for a 30 year fixed rate mortgage in Woodbury 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 Woodbury, MN (Washington County) is $307,359
The median household income for Woodbury, MN (Washington County) is $92,337
Based on current mortgage rates and a 10% down payment, you need to make $57,025 per year to buy the median priced home in Woodbury
The home price you can afford to buy based on household income in Woodbury is 162% of the median home value which means housing prices are average
Woodbury (Washington County) ranks 73 out of 87 counties in Minnesota and 2,345 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Woodbury, MN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Woodbury (Washington County) below.
Conforming loan limits for Woodbury, MN
FHA loan limits for Woodbury, MN
VA loan limits for Woodbury, MN
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