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New Bern

Current Mortgage Rates in New Bern, North Carolina

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.

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Mortgage Rates in New Bern, NC as of August 13, 2020
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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.
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How Do Today's New Bern, NC Mortgage Rates Compare?

August 13, 2020

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%

Mortgage Program
Today's
New Bern, NC Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

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 $187,328

Based on current mortgage rates and a 10% down payment, you need to make $33,714 per year to buy the median priced home in New Bern

With this income, you could qualify for a $168,595 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 $781

The median household income for New Bern, NC (Craven County) is $52,090

Based on this income, you can afford a home valued at approximately $289,429

The home price you can afford to buy based on household income in New Bern is 155% of the median home value which means housing prices are average. New Bern (Craven County) ranks 63 out of 100 counties in North Carolina and 2,457 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

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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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for New Bern, NC

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for New Bern, NC

1 unit: $510,400

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