Our goal is to offer the highest quality mortgage resources and advice to our users for free.
How We Make Money
The listings that appear on this page are from companies from which this website and the data provider may receive compensation, which may impact how, where and in what order products appear. Compensation is higher for featured placements. This table does not include all companies or all available products.
Editorial Independence
We may receive a fee if you click on a lender or submit a form on our website. This fee in no way affects the information or advice we provide. We maintain editorial independence to ensure that the recommendations and insights we provide are objective and unbiased.
The personal loan offers that appear on this site are from companies from which GuideToLenders receives compensation. This compensation may impact how and where products appear on this site including the order in which they appear. GuideToLenders does not include all loan providers or all types of loan offers that are available.
GuideToLenders is not a loan provider but only matches you with lenders that may extend a loan to you. All loan approval decisions and terms are determined by the loan providers at the time of your application with them. There is no guarantee that you will be approved for a loan or that you will qualify for the rates displayed. The offers and rates presented on this website are estimates based on information you submit to us. Your actual rates depend on your credit history, income, loan terms and other factors. Reasonable efforts are made to compile and maintain accurate information. However all loan rates and terms, including APRs, are presented without warranty and are subject to change by the loan providers without notice.
Compare Elko, NV mortgage rates and fees from top lenders. 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 lowest mortgage rates in Elko.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Elko. Plus, shopping lenders is free and there is no obligation.
Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
Lender
APR
Loan Type
Rate
Payment
Fees & Points
Contact
%
Get Personalized Mortgage Quotes
Thank you for submitting your information!
Your mortgage quote request has been sent to our lending partners and you should receive emails from multiple lenders shortly. Comparing proposals from multiple lenders is the best way to save money on your mortgage!
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details.
Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
Get Free Personalized Mortgage Quotes
Compare Offers
Save Money
No Obligation
By clicking the button above, you agree to allow FREEandCLEAR to connect you with lenders or other third parties and that FREEandCLEAR and other parties may contact you at the email address and phone number you provided, even if your number appears on a Do Not Call Registry or List. Your consent is not a condition to work with a lender or to qualify for a mortgage. Please review our Privacy Policy for more information. NMLS: 357085
Compare Today's Elko, NV Mortgage Rates
December 1, 2023
Current mortgage rates in Elko, NV are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)
Mortgage Program
Today's Elko, NV Rates
National Average
Comparison
30 Year Fixed Rate
%
7.440%
15 Year Fixed Rate
%
6.760%
5/1 Adjustable Rate Mortgage
%
6.750%
How Affordable is Housing in Elko, Nevada?
Below we provide helpful information on the real estate market, home prices and housing affordability in Elko. Understand how much you need to earn to afford a home in Elko, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Elko 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 Elko is right for you.
The median home value for Elko, NV is $263,277
Based on current mortgage rates and a 10% down payment, you need to make $54,924 per year to buy the median priced home in Elko
With this income, you could qualify for a $236,949 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 Elko is $1,272
The median household income for Elko, NV is $83,666
Based on this income, you can afford a home valued at approximately $401,052
The home price you can afford to buy based on household income in Elko is 152% of the median home value which means housing prices are average.
Elko ranks 8 out of 17 counties in Nevada and 1,814 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Elko, NV is average
Loan Limits for Elko, Nevada
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Elko below.
Conforming loan limits for Elko, NV
1 unit:$726,200
2 units:$929,850
3 units:$1,123,900
4 units:$1,396,800
FHA loan limits for Elko, NV
1 unit:$472,030
2 units:$604,400
3 units:$730,525
4 units:$907,900
VA loan limits for Elko, NV
1 unit:$726,200
Additional Mortgage Resources for Elko, NV Residents