Compare Current Blountville, Tennessee Mortgage Rates

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.

Blountville, TN Mortgage Rates as of May 22, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Blountville, TN Mortgage Rates

May 22, 2024

Current mortgage rates in Blountville, TN are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Blountville, TN Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Blountville, Tennessee?

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 $198,892

Based on current mortgage rates and a 10% down payment, you need to make $41,492 per year to buy the median priced home in Blountville

With this income, you could qualify for a $179,003 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 $961

The median household income for Blountville, TN (Sullivan County) is $48,765

Based on this income, you can afford a home valued at approximately $233,753

The home price you can afford to buy based on household income in Blountville is 118% of the median home value which means housing prices are average. Blountville (Sullivan County) ranks 78 out of 95 counties in Tennessee and 2,548 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


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: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Blountville, TN

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Blountville, TN

1 unit: $726,200

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