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Tonopah

Current Mortgage Rates in Tonopah, Nevada

Compare mortgage rates and fees for leading lenders in Tonopah, 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 Tonopah.

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

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Mortgage Rates in Tonopah, NV as of September 22, 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 Tonopah, NV Mortgage Rates Compare?

September 22, 2019

The current average rate for a 30 year fixed rate mortgage in Tonopah 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
Tonopah, NV 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 Tonopah, Nevada?

The median home value for Tonopah, NV (Nye County) is $143,865

The median household income for Tonopah, NV (Nye County) is $45,577

Based on current mortgage rates and a 10% down payment, you need to make $26,691 per year to buy the median priced home in Tonopah

The home price you can afford to buy based on household income in Tonopah is 171% of the median home value which means housing prices are average

Tonopah (Nye County) ranks 10 out of 17 counties in Nevada and 2,178 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Tonopah, Nevada

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Tonopah (Nye County) below.

Conforming loan limits for Tonopah, NV

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

FHA loan limits for Tonopah, NV

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Tonopah, NV

1 unit: $484,350

Additional Mortgage Resources for Tonopah, NV 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