Compare Current Charlotte, North Carolina Mortgage Rates

Compare Charlotte, 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 Charlotte.

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

Charlotte, NC Mortgage Rates as of December 1, 2022
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Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.


Compare Today's Charlotte, NC Mortgage Rates

December 1, 2022

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

How Affordable is Housing in Charlotte, North Carolina?

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

The median home value for Charlotte, NC (Mecklenburg County) is $347,520

Based on current mortgage rates and a 10% down payment, you need to make $56,940 per year to buy the median priced home in Charlotte

With this income, you could qualify for a $312,768 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 Charlotte is $1,319

The median household income for Charlotte, NC (Mecklenburg County) is $74,658

Based on this income, you can afford a home valued at approximately $455,660

The home price you can afford to buy based on household income in Charlotte is 131% of the median home value which means housing prices are average. Charlotte (Mecklenburg County) ranks 88 out of 100 counties in North Carolina and 2,791 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Charlotte, North Carolina

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

Conforming loan limits for Charlotte, NC

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Charlotte, NC

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Charlotte, NC

1 unit: $647,200

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