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Gastonia

Current Mortgage Rates in Gastonia, North Carolina

Compare mortgage rates and fees for leading lenders in Gastonia, 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 Gastonia.

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

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Mortgage Rates in Gastonia, NC as of October 23, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Gastonia, NC Mortgage Rates Compare?

October 23, 2019

The current average rate for a 30 year fixed rate mortgage in Gastonia 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
Today's
Gastonia, NC Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Gastonia, North Carolina?

The median home value for Gastonia, NC (Gaston County) is $158,509

The median household income for Gastonia, NC (Gaston County) is $48,051

Based on current mortgage rates and a 10% down payment, you need to make $29,408 per year to buy the median priced home in Gastonia

The home price you can afford to buy based on household income in Gastonia is 163% of the median home value which means housing prices are average

Gastonia (Gaston County) ranks 51 out of 100 counties in North Carolina and 2,311 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Gastonia, North Carolina

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

Conforming loan limits for Gastonia, NC

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Gastonia, NC

1 unit: $317,400
2 units: $406,300
3 units: $491,150
4 units: $610,400

VA loan limits for Gastonia, NC

1 unit: $484,350

Additional Mortgage Resources for Gastonia, NC Residents

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Sources

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