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Strafford

Current Mortgage Rates in Strafford, New Hampshire

Compare mortgage rates and fees for leading lenders in Strafford, NH. 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 Strafford.

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

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Mortgage Rates in Strafford, NH as of July 16, 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 Strafford, NH Mortgage Rates Compare?

July 16, 2020

The current average rate for a 30 year fixed rate mortgage in Strafford 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
Strafford, NH 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 Strafford, New Hampshire?

Below we provide helpful information on the real estate market, home prices and housing affordability in Strafford. Understand how much you need to earn to afford a home in Strafford, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Strafford 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 Strafford is right for you.

The median home value for Strafford, NH is $283,815

Based on current mortgage rates and a 10% down payment, you need to make $51,079 per year to buy the median priced home in Strafford

With this income, you could qualify for a $255,434 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 Strafford is $1,183

The median household income for Strafford, NH is $71,510

Based on this income, you can afford a home valued at approximately $397,335

The home price you can afford to buy based on household income in Strafford is 140% of the median home value which means housing prices are average. Strafford ranks 7 out of 10 counties in New Hampshire and 2,667 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Strafford, NH is average

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Loan Limits for Strafford, New Hampshire

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

Conforming loan limits for Strafford, NH

1 unit: $690,000
2 units: $883,300
3 units: $1,067,750
4 units: $1,326,950

FHA loan limits for Strafford, NH

1 unit: $690,000
2 units: $883,300
3 units: $1,067,750
4 units: $1,326,950

VA loan limits for Strafford, NH

1 unit: $690,000

Additional Mortgage Resources for Strafford, NH Residents

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