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Chautauqua

Current Mortgage Rates in Chautauqua, New York

Compare mortgage rates and fees for leading lenders in Chautauqua, NY. 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 Chautauqua.

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

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Mortgage Rates in Chautauqua, NY as of April 9, 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 Chautauqua, NY Mortgage Rates Compare?

April 9, 2020

The current average rate for a 30 year fixed rate mortgage in Chautauqua 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
Chautauqua, NY 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 Chautauqua, New York?

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

The median home value for Chautauqua, NY is $99,228

Based on current mortgage rates and a 10% down payment, you need to make $17,858 per year to buy the median priced home in Chautauqua

With this income, you could qualify for a $89,305 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 Chautauqua is $414

The median household income for Chautauqua, NY is $46,725

Based on this income, you can afford a home valued at approximately $259,620

The home price you can afford to buy based on household income in Chautauqua is 262% of the median home value which means housing prices are affordable. Chautauqua ranks 10 out of 62 counties in New York and 594 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Chautauqua, NY is affordable

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Loan Limits for Chautauqua, New York

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

Conforming loan limits for Chautauqua, NY

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

FHA loan limits for Chautauqua, NY

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Chautauqua, NY

1 unit: $510,400

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