Current Mortgage Rates in Saratoga, New York

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

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

Mortgage Rates in Saratoga, NY as of September 29, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Saratoga, NY Mortgage Rates Compare?

September 29, 2020

The current average rate for a 30 year fixed rate mortgage in Saratoga 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
Saratoga, NY Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Saratoga, New York?

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

The median home value for Saratoga, NY is $293,260

Based on current mortgage rates and a 10% down payment, you need to make $52,779 per year to buy the median priced home in Saratoga

With this income, you could qualify for a $263,934 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 Saratoga is $1,222

The median household income for Saratoga, NY is $81,785

Based on this income, you can afford a home valued at approximately $454,428

The home price you can afford to buy based on household income in Saratoga is 155% of the median home value which means housing prices are average. Saratoga ranks 46 out of 62 counties in New York and 2,448 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Saratoga, New York

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

Conforming loan limits for Saratoga, NY

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

FHA loan limits for Saratoga, NY

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

VA loan limits for Saratoga, NY

1 unit: $510,400

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