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.
July 9, 2020
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%
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 $159,386
Based on current mortgage rates and a 10% down payment, you need to make $28,685 per year to buy the median priced home in Blountville
With this income, you could qualify for a $143,448 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 $664
The median household income for Blountville, TN (Sullivan County) is $44,560
Based on this income, you can afford a home valued at approximately $247,589
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 71 out of 95 counties in Tennessee and 2,443 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
VA loan limits for Blountville, TN