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.
October 23, 2019
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%
The median home value for Leland, NC (Brunswick County) is $229,087
The median household income for Leland, NC (Brunswick County) is $52,728
Based on current mortgage rates and a 10% down payment, you need to make $42,503 per year to buy the median priced home in Leland
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 2,836 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
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