»
»
Watertown

Current Mortgage Rates in Watertown, New York

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

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

%
Mortgage Rates in Watertown, NY as of April 6, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
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.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

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

April 6, 2020

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

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

The median home value for Watertown, NY (Jefferson County) is $170,370

Based on current mortgage rates and a 10% down payment, you need to make $30,662 per year to buy the median priced home in Watertown

With this income, you could qualify for a $153,333 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 Watertown is $710

The median household income for Watertown, NY (Jefferson County) is $53,072

Based on this income, you can afford a home valued at approximately $294,885

The home price you can afford to buy based on household income in Watertown is 173% of the median home value which means housing prices are average. Watertown (Jefferson County) ranks 42 out of 62 counties in New York and 2,104 out of 3,142 counties in the United States for housing affordability.

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

orange-simple-house
ruler

Loan Limits for Watertown, New York

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

Conforming loan limits for Watertown, NY

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

FHA loan limits for Watertown, NY

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

VA loan limits for Watertown, NY

1 unit: $510,400

Additional Mortgage Resources for Watertown, 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