Current Mortgage Rates in Warwick, Rhode Island

Compare mortgage rates and fees for leading lenders in Warwick, RI. 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 Warwick.

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

Mortgage Rates in Warwick, RI as of December 11, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

Get Personalized Mortgage Quotes for Warwick, RI

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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.

How Do Today's Warwick, RI Mortgage Rates Compare?

December 11, 2019

The current average rate for a 30 year fixed rate mortgage in Warwick 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
Warwick, RI Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Warwick, Rhode Island?

The median home value for Warwick, RI (Kent County) is $239,603

The median household income for Warwick, RI (Kent County) is $71,158

Based on current mortgage rates and a 10% down payment, you need to make $44,454 per year to buy the median priced home in Warwick

The home price you can afford to buy based on household income in Warwick is 160% of the median home value which means housing prices are average

Warwick (Kent County) ranks 1 out of 5 counties in Rhode Island and 2,379 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Warwick, RI is average


Loan Limits for Warwick, Rhode Island

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

Conforming loan limits for Warwick, RI

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Warwick, RI

1 unit: $454,250
2 units: $581,500
3 units: $702,900
4 units: $873,550

VA loan limits for Warwick, RI

1 unit: $484,350

Additional Mortgage Resources for Warwick, RI Residents

Mortgage Rates for Rhode Island Cities

Bristol Mortgage Rates

Newport Mortgage Rates

Providence Mortgage Rates

South Kingstown Mortgage Rates

Warwick Mortgage Rates


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