Compare mortgage rates and fees for leading lenders in Helena, MT. 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 Helena.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Helena. Plus, shopping lenders is free and there is no obligation.
December 11, 2019
The current average rate for a 30 year fixed rate mortgage in Helena 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 Helena, MT (Lewis and Clark County) is $271,306
The median household income for Helena, MT (Lewis and Clark County) is $62,647
Based on current mortgage rates and a 10% down payment, you need to make $50,336 per year to buy the median priced home in Helena
The home price you can afford to buy based on household income in Helena is 124% of the median home value which means housing prices are average
Helena (Lewis and Clark County) ranks 42 out of 56 counties in Montana and 2,831 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Helena, MT is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Helena (Lewis and Clark County) below.
Conforming loan limits for Helena, MT
FHA loan limits for Helena, MT
VA loan limits for Helena, MT
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