Compare Current Asheville, North Carolina Mortgage Rates

Compare Asheville, NC 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 Asheville.

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

Asheville, NC Mortgage Rates as of May 25, 2024
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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.

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Compare Today's Asheville, NC Mortgage Rates

May 25, 2024

Current mortgage rates in Asheville, NC 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
Asheville, NC Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Asheville, North Carolina?

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

The median home value for Asheville, NC (Buncombe County) is $394,202

Based on current mortgage rates and a 10% down payment, you need to make $82,237 per year to buy the median priced home in Asheville

With this income, you could qualify for a $354,781 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 Asheville is $1,904

The median household income for Asheville, NC (Buncombe County) is $65,474

Based on this income, you can afford a home valued at approximately $313,850

The home price you can afford to buy based on household income in Asheville is 80% of the median home value which means housing prices are very expensive. Asheville (Buncombe County) ranks 100 out of 100 counties in North Carolina and 3,007 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Asheville, NC is very expensive


Loan Limits for Asheville, North Carolina

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

Conforming loan limits for Asheville, NC

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

FHA loan limits for Asheville, NC

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

VA loan limits for Asheville, NC

1 unit: $726,200

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