Compare mortgage rates and fees for leading lenders in New Bern, 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 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.
October 23, 2019
The current average rate for a 30 year fixed rate mortgage in New Bern 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 New Bern, NC (Craven County) is $170,453
The median household income for New Bern, NC (Craven County) is $50,901
Based on current mortgage rates and a 10% down payment, you need to make $31,624 per year to buy the median priced home in New Bern
The home price you can afford to buy based on household income in New Bern is 161% of the median home value which means housing prices are average
New Bern (Craven County) ranks 54 out of 100 counties in North Carolina and 2,360 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
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
FHA loan limits for New Bern, NC
VA loan limits for New Bern, 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