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.
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December 9, 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%
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
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
FHA loan limits for Gastonia, NC
VA loan limits for Gastonia, 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