Compare mortgage rates and fees for leading lenders in Leland, 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 Leland.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Leland. Plus, shopping lenders is free and there is no obligation.
April 6, 2020
The current average rate for a 30 year fixed rate mortgage in Leland 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Leland. Understand how much you need to earn to afford a home in Leland, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Leland 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 Leland is right for you.
The median home value for Leland, NC (Brunswick County) is $242,603
Based on current mortgage rates and a 10% down payment, you need to make $43,662 per year to buy the median priced home in Leland
With this income, you could qualify for a $218,343 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 Leland is $1,011
The median household income for Leland, NC (Brunswick County) is $53,960
Based on this income, you can afford a home valued at approximately $299,819
The home price you can afford to buy based on household income in Leland is 124% of the median home value which means housing prices are average. Leland (Brunswick County) ranks 88 out of 100 counties in North Carolina and 2,826 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Leland, NC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Leland (Brunswick County) below.
Conforming loan limits for Leland, NC
FHA loan limits for Leland, NC
VA loan limits for Leland, NC