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Blountville

Current Mortgage Rates in Blountville, Tennessee

Compare mortgage rates and fees for leading lenders in Blountville, TN. 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 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.

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Mortgage Rates in Blountville, TN as of November 11, 2019
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Get Personalized Mortgage Quotes for Blountville, TN

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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.

How Do Today's Blountville, TN Mortgage Rates Compare?

November 11, 2019

The current average rate for a 30 year fixed rate mortgage in Blountville 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
Blountville, TN Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Blountville, Tennessee?

The median home value for Blountville, TN (Sullivan County) is $151,796

The median household income for Blountville, TN (Sullivan County) is $43,543

Based on current mortgage rates and a 10% down payment, you need to make $28,163 per year to buy the median priced home in Blountville

The home price you can afford to buy based on household income in Blountville is 155% of the median home value which means housing prices are average

Blountville (Sullivan County) ranks 75 out of 95 counties in Tennessee and 2,475 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

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Loan Limits for Blountville, Tennessee

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

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

FHA loan limits for Blountville, TN

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Blountville, TN

1 unit: $484,350

Additional Mortgage Resources for Blountville, TN Residents

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Sources

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