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Poughkeepsie

Compare Current Poughkeepsie, New York Mortgage Rates

Compare Poughkeepsie, 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 Poughkeepsie.

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

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Poughkeepsie, NY Mortgage Rates as of May 24, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Poughkeepsie, NY Mortgage Rates

May 24, 2022

Current mortgage rates in Poughkeepsie, 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
Poughkeepsie, NY Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.250%
15 Year Fixed Rate
%
4.430%
5/1 Adjustable Rate Mortgage
%
4.080%

How Affordable is Housing in Poughkeepsie, New York?

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

The median home value for Poughkeepsie, NY (Dutchess County) is $370,295

Based on current mortgage rates and a 10% down payment, you need to make $60,671 per year to buy the median priced home in Poughkeepsie

With this income, you could qualify for a $333,266 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 Poughkeepsie is $1,405

The median household income for Poughkeepsie, NY (Dutchess County) is $92,848

Based on this income, you can afford a home valued at approximately $566,678

The home price you can afford to buy based on household income in Poughkeepsie is 153% of the median home value which means housing prices are average. Poughkeepsie (Dutchess County) ranks 51 out of 62 counties in New York and 2,550 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Poughkeepsie, New York

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

Conforming loan limits for Poughkeepsie, NY

1 unit: $726,525
2 units: $930,300
3 units: $1,124,475
4 units: $1,397,400

FHA loan limits for Poughkeepsie, NY

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Poughkeepsie, NY

1 unit: $726,525

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