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Compare Current New Bern, North Carolina Mortgage Rates
Compare New Bern, NC mortgage rates and fees from top lenders. 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 lowest mortgage rates in New Bern.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in New Bern. Plus, shopping lenders is free and there is no obligation.
Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
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Compare Today's New Bern, NC Mortgage Rates
March 20, 2023
Current mortgage rates in New Bern, NC are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)
Mortgage Program
Today's New Bern, NC Rates
National Average
Comparison
30 Year Fixed Rate
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6.600%
15 Year Fixed Rate
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5.900%
5/1 Adjustable Rate Mortgage
%
6.125%
How Affordable is Housing in New Bern, North Carolina?
Below we provide helpful information on the real estate market, home prices and housing affordability in New Bern. Understand how much you need to earn to afford a home in New Bern, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in New Bern 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 New Bern is right for you.
The median home value for New Bern, NC (Craven County) is $216,522
Based on current mortgage rates and a 10% down payment, you need to make $45,170 per year to buy the median priced home in New Bern
With this income, you could qualify for a $194,869 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 New Bern is $1,046
The median household income for New Bern, NC (Craven County) is $58,196
Based on this income, you can afford a home valued at approximately $278,964
The home price you can afford to buy based on household income in New Bern is 129% of the median home value which means housing prices are average.
New Bern (Craven County) ranks 51 out of 100 counties in North Carolina and 2,349 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in New Bern, NC is average
Loan Limits for New Bern, North Carolina
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for New Bern (Craven County) below.
Conforming loan limits for New Bern, NC
1 unit:$726,200
2 units:$929,850
3 units:$1,123,900
4 units:$1,396,800
FHA loan limits for New Bern, NC
1 unit:$472,030
2 units:$604,400
3 units:$730,525
4 units:$907,900
VA loan limits for New Bern, NC
1 unit:$726,200
Additional Mortgage Resources for New Bern, NC Residents