Compare mortgage rates and fees for leading lenders in Wilmington, 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 Wilmington.
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October 22, 2019
The current average rate for a 30 year fixed rate mortgage in Wilmington 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 Wilmington, NC (New Hanover County) is $270,256
The median household income for Wilmington, NC (New Hanover County) is $53,030
Based on current mortgage rates and a 10% down payment, you need to make $50,141 per year to buy the median priced home in Wilmington
The home price you can afford to buy based on household income in Wilmington is 106% of the median home value which means housing prices are average
Wilmington (New Hanover County) ranks 97 out of 100 counties in North Carolina and 2,967 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Wilmington, NC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Wilmington (New Hanover County) below.
Conforming loan limits for Wilmington, NC
FHA loan limits for Wilmington, NC
VA loan limits for Wilmington, 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