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Lumberton

Current Mortgage Rates in Lumberton, North Carolina

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.

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Mortgage Rates in Lumberton, NC as of October 22, 2019
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Get Personalized Mortgage Quotes for Lumberton, NC

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Lumberton, NC Mortgage Rates Compare?

October 22, 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%

Mortgage Program
Today's
Lumberton, NC Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Lumberton, North Carolina?

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

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Loan Limits for Lumberton, North Carolina

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

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Lumberton, NC

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Lumberton, NC

1 unit: $484,350

Additional Mortgage Resources for Lumberton, NC Residents

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Sources

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