Compare Blountville, TN mortgage rates and fees from top lenders. 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 lowest mortgage rates in Blountville.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Blountville. Plus, shopping lenders is free and there is no obligation.
January 22, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Blountville. Understand how much you need to earn to afford a home in Blountville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Blountville 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 Blountville is right for you.
The median home value for Blountville, TN (Sullivan County) is $197,475
Based on current mortgage rates and a 10% down payment, you need to make $32,355 per year to buy the median priced home in Blountville
With this income, you could qualify for a $177,727 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 Blountville is $749
The median household income for Blountville, TN (Sullivan County) is $56,054
Based on this income, you can afford a home valued at approximately $342,114
The home price you can afford to buy based on household income in Blountville is 173% of the median home value which means housing prices are average. Blountville (Sullivan County) ranks 48 out of 95 counties in Tennessee and 2,242 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Blountville, TN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Blountville (Sullivan County) below.
Conforming loan limits for Blountville, TN
FHA loan limits for Blountville, TN