Compare mortgage rates and fees for leading lenders in Asheville, NC. 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 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.
September 22, 2019
The current average rate for a 30 year fixed rate mortgage in Asheville 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%
The median home value for Asheville, NC (Buncombe County) is $263,630
The median household income for Asheville, NC (Buncombe County) is $49,946
Based on current mortgage rates and a 10% down payment, you need to make $48,912 per year to buy the median priced home in Asheville
The home price you can afford to buy based on household income in Asheville is 102% of the median home value which means housing prices are average
Asheville (Buncombe County) ranks 98 out of 100 counties in North Carolina and 2,989 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 average
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
FHA loan limits for Asheville, NC
VA loan limits for Asheville, NC
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index