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.
December 11, 2019
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%
The median home value for Lumberton, NC (Robeson County) is $82,420
The median household income for Lumberton, NC (Robeson County) is $33,398
Based on current mortgage rates and a 10% down payment, you need to make $15,291 per year to buy the median priced home in Lumberton
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 1,224 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
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