»
»
Ithaca

Compare Current Ithaca, New York Mortgage Rates

Compare Ithaca, NY 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 Ithaca.

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

%
Ithaca, NY Mortgage Rates as of December 6, 2024
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

%
Get Personalized Mortgage Quotes

Input your information to receive personalized mortgage quotes from preferred lenders. 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, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

Get Free Personalized Mortgage Quotes

Compare Today's Ithaca, NY Mortgage Rates

December 6, 2024

Current mortgage rates in Ithaca, NY 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
Ithaca, NY Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.670%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Ithaca, New York?

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

The median home value for Ithaca, NY (Tompkins County) is $290,716

Based on current mortgage rates and a 10% down payment, you need to make $60,648 per year to buy the median priced home in Ithaca

With this income, you could qualify for a $261,644 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 Ithaca is $1,405

The median household income for Ithaca, NY (Tompkins County) is $67,411

Based on this income, you can afford a home valued at approximately $323,134

The home price you can afford to buy based on household income in Ithaca is 111% of the median home value which means housing prices are average. Ithaca (Tompkins County) ranks 50 out of 62 counties in New York and 2,661 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Ithaca, NY is average

orange-simple-house
ruler

Loan Limits for Ithaca, New York

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

Conforming loan limits for Ithaca, NY

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Ithaca, NY

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Ithaca, NY

1 unit: $726,200

Additional Mortgage Resources for Ithaca, NY Residents

Mortgage Rates for New York Cities

Albany Mortgage Rates

Binghamton Mortgage Rates

Bronx Mortgage Rates

Brooklyn Mortgage Rates

Buffalo Mortgage Rates

Chautauqua Mortgage Rates

Corning Mortgage Rates

Geneva Mortgage Rates

Hempstead Mortgage Rates

Ithaca Mortgage Rates

Kingston Mortgage Rates

Long Island Mortgage Rates

New City Mortgage Rates

New York Mortgage Rates

Newburgh Mortgage Rates

Niagara Mortgage Rates

Oswego Mortgage Rates

Poughkeepsie Mortgage Rates

Putnam Mortgage Rates

Queens Mortgage Rates

Rochester Mortgage Rates

Saratoga Mortgage Rates

Schenectady Mortgage Rates

St. Lawrence Mortgage Rates

Staten Island Mortgage Rates

Syracuse Mortgage Rates

Troy Mortgage Rates

Utica Mortgage Rates

Watertown Mortgage Rates

White Plains Mortgage Rates