Chapel Hill

Current Mortgage Rates in Chapel Hill, North Carolina

Compare mortgage rates and fees for leading lenders in Chapel Hill, 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 Chapel Hill.

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

Mortgage Rates in Chapel Hill, NC as of September 24, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
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 Chapel Hill, NC Mortgage Rates Compare?

September 24, 2020

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

How Affordable is Housing in Chapel Hill, North Carolina?

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

The median home value for Chapel Hill, NC (Orange County) is $331,780

Based on current mortgage rates and a 10% down payment, you need to make $59,712 per year to buy the median priced home in Chapel Hill

With this income, you could qualify for a $298,602 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 Chapel Hill is $1,383

The median household income for Chapel Hill, NC (Orange County) is $69,102

Based on this income, you can afford a home valued at approximately $383,956

The home price you can afford to buy based on household income in Chapel Hill is 116% of the median home value which means housing prices are average. Chapel Hill (Orange County) ranks 94 out of 100 counties in North Carolina and 2,884 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Chapel Hill, NC is average


Loan Limits for Chapel Hill, North Carolina

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

Conforming loan limits for Chapel Hill, NC

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

FHA loan limits for Chapel Hill, NC

1 unit: $414,000
2 units: $530,000
3 units: $640,650
4 units: $796,150

VA loan limits for Chapel Hill, NC

1 unit: $510,400

Additional Mortgage Resources for Chapel Hill, NC Residents

Mortgage Rates for North Carolina Cities

Asheville Mortgage Rates

Burlington Mortgage Rates

Chapel Hill Mortgage Rates

Charlotte Mortgage Rates

Clayton Mortgage Rates

Concord Mortgage Rates

Durham Mortgage Rates

Fayetteville Mortgage Rates

Gastonia Mortgage Rates

Goldsboro Mortgage Rates

Greensboro Mortgage Rates

Greenville Mortgage Rates

Harnett Mortgage Rates

Hendersonville Mortgage Rates

Hickory Mortgage Rates

High Point Mortgage Rates

Jacksonville Mortgage Rates

Leland Mortgage Rates

Lumberton Mortgage Rates

Monroe Mortgage Rates

Mooresville Mortgage Rates

New Bern Mortgage Rates

Raleigh Mortgage Rates

Salisbury Mortgage Rates

Thomasville Mortgage Rates

Wilmington Mortgage Rates

Winston Salem Mortgage Rates