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Thomasville

Current Mortgage Rates in Thomasville, North Carolina

Compare mortgage rates and fees for leading lenders in Thomasville, 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 Thomasville.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Thomasville. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Thomasville, NC as of April 7, 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 Thomasville, NC Mortgage Rates Compare?

April 7, 2020

The current average rate for a 30 year fixed rate mortgage in Thomasville 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
Thomasville, 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 Thomasville, North Carolina?

Below we provide helpful information on the real estate market, home prices and housing affordability in Thomasville. Understand how much you need to earn to afford a home in Thomasville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Thomasville 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 Thomasville is right for you.

The median home value for Thomasville, NC (Davidson County) is $161,629

Based on current mortgage rates and a 10% down payment, you need to make $29,089 per year to buy the median priced home in Thomasville

With this income, you could qualify for a $145,466 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 Thomasville is $674

The median household income for Thomasville, NC (Davidson County) is $48,309

Based on this income, you can afford a home valued at approximately $268,421

The home price you can afford to buy based on household income in Thomasville is 166% of the median home value which means housing prices are average. Thomasville (Davidson County) ranks 47 out of 100 counties in North Carolina and 2,245 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Thomasville, NC is average

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Loan Limits for Thomasville, North Carolina

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Thomasville (Davidson County) below.

Conforming loan limits for Thomasville, NC

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

FHA loan limits for Thomasville, NC

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

VA loan limits for Thomasville, NC

1 unit: $510,400

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