Compare mortgage rates and fees for leading lenders in Harnett, 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 Harnett.
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October 14, 2019
The current average rate for a 30 year fixed rate mortgage in Harnett 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 Harnett, NC is $161,098
The median household income for Harnett, NC is $51,861
Based on current mortgage rates and a 10% down payment, you need to make $29,889 per year to buy the median priced home in Harnett
The home price you can afford to buy based on household income in Harnett is 174% of the median home value which means housing prices are average
Harnett ranks 42 out of 100 counties in North Carolina and 2,124 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Harnett, NC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Harnett below.
Conforming loan limits for Harnett, NC
FHA loan limits for Harnett, NC
VA loan limits for Harnett, 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