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.

Mortgage Rates in Gastonia, NC as of September 20, 2020
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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 Gastonia, NC Mortgage Rates Compare?

September 20, 2020

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
Gastonia, NC Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Gastonia, North Carolina?

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

The median home value for Gastonia, NC (Gaston County) is $169,130

Based on current mortgage rates and a 10% down payment, you need to make $30,439 per year to buy the median priced home in Gastonia

With this income, you could qualify for a $152,217 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 Gastonia is $705

The median household income for Gastonia, NC (Gaston County) is $49,174

Based on this income, you can afford a home valued at approximately $273,227

The home price you can afford to buy based on household income in Gastonia is 162% of the median home value which means housing prices are average. Gastonia (Gaston County) ranks 50 out of 100 counties in North Carolina and 2,323 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


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

FHA loan limits for Gastonia, NC

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Gastonia, NC

1 unit: $510,400

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