Compare mortgage rates and fees for leading lenders in Clayton, 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 Clayton.
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October 14, 2019
The current average rate for a 30 year fixed rate mortgage in Clayton 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 Clayton, NC (Johnston County) is $170,292
The median household income for Clayton, NC (Johnston County) is $56,279
Based on current mortgage rates and a 10% down payment, you need to make $31,594 per year to buy the median priced home in Clayton
The home price you can afford to buy based on household income in Clayton is 178% of the median home value which means housing prices are average
Clayton (Johnston County) ranks 37 out of 100 counties in North Carolina and 2,024 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Clayton, NC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Clayton (Johnston County) below.
Conforming loan limits for Clayton, NC
FHA loan limits for Clayton, NC
VA loan limits for Clayton, 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