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Carson City

Current Mortgage Rates in Carson City, Nevada

Compare mortgage rates and fees for leading lenders in Carson City, NV. 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 Carson City.

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

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Mortgage Rates in Carson City, NV as of March 31, 2020
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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.
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How Do Today's Carson City, NV Mortgage Rates Compare?

March 31, 2020

The current average rate for a 30 year fixed rate mortgage in Carson City 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
Carson City, NV Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Carson City, Nevada?

Below we provide helpful information on the real estate market, home prices and housing affordability in Carson City. Understand how much you need to earn to afford a home in Carson City, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Carson City fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Carson City is right for you.

The median home value for Carson City, NV is $281,177

Based on current mortgage rates and a 10% down payment, you need to make $50,605 per year to buy the median priced home in Carson City

With this income, you could qualify for a $253,059 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Carson City is $1,172

The median household income for Carson City, NV is $52,037

Based on this income, you can afford a home valued at approximately $289,136

The home price you can afford to buy based on household income in Carson City is 103% of the median home value which means housing prices are average. Carson City ranks 14 out of 17 counties in Nevada and 2,973 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Carson City, NV is average

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Loan Limits for Carson City, Nevada

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

Conforming loan limits for Carson City, NV

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Carson City, NV

1 unit: $361,100
2 units: $462,250
3 units: $558,750
4 units: $694,400

VA loan limits for Carson City, NV

1 unit: $510,400

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