Compare mortgage rates and fees for leading lenders in Mooresville, 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 Mooresville.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Mooresville. Plus, shopping lenders is free and there is no obligation.
December 14, 2019
The current average rate for a 30 year fixed rate mortgage in Mooresville 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 Mooresville, NC (Iredell County) is $197,765
The median household income for Mooresville, NC (Iredell County) is $57,668
Based on current mortgage rates and a 10% down payment, you need to make $36,692 per year to buy the median priced home in Mooresville
The home price you can afford to buy based on household income in Mooresville is 157% of the median home value which means housing prices are average
Mooresville (Iredell County) ranks 60 out of 100 counties in North Carolina and 2,431 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Mooresville, NC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Mooresville (Iredell County) below.
Conforming loan limits for Mooresville, NC
FHA loan limits for Mooresville, NC
VA loan limits for Mooresville, 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