Compare mortgage rates and fees for leading lenders in Lumberton, 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 Lumberton.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Lumberton. Plus, shopping lenders is free and there is no obligation.
April 7, 2020
The current average rate for a 30 year fixed rate mortgage in Lumberton 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 Lumberton. Understand how much you need to earn to afford a home in Lumberton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Lumberton 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 Lumberton is right for you.
The median home value for Lumberton, NC (Robeson County) is $87,283
Based on current mortgage rates and a 10% down payment, you need to make $15,709 per year to buy the median priced home in Lumberton
With this income, you could qualify for a $78,554 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 Lumberton is $364
The median household income for Lumberton, NC (Robeson County) is $34,178
Based on this income, you can afford a home valued at approximately $189,904
The home price you can afford to buy based on household income in Lumberton is 218% of the median home value which means housing prices are affordable. Lumberton (Robeson County) ranks 7 out of 100 counties in North Carolina and 1,217 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Lumberton, NC is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Lumberton (Robeson County) below.
Conforming loan limits for Lumberton, NC
FHA loan limits for Lumberton, NC
VA loan limits for Lumberton, NC