Compare mortgage rates and fees for leading lenders in Hendersonville, 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 Hendersonville.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Hendersonville. Plus, shopping lenders is free and there is no obligation.
February 17, 2020
The current average rate for a 30 year fixed rate mortgage in Hendersonville 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 Hendersonville. Understand how much you need to earn to afford a home in Hendersonville, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Hendersonville 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 Hendersonville is right for you.
The median home value for Hendersonville, TN (Sumner County) is $281,384
Based on current mortgage rates and a 10% down payment, you need to make $50,642 per year to buy the median priced home in Hendersonville
With this income, you could qualify for a $253,245 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 Hendersonville is $1,173
The median household income for Hendersonville, TN (Sumner County) is $64,949
Based on this income, you can afford a home valued at approximately $360,880
The home price you can afford to buy based on household income in Hendersonville is 128% of the median home value which means housing prices are average. Hendersonville (Sumner County) ranks 90 out of 95 counties in Tennessee and 2,790 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Hendersonville, TN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hendersonville (Sumner County) below.
Conforming loan limits for Hendersonville, TN
FHA loan limits for Hendersonville, TN
VA loan limits for Hendersonville, TN
Learn what price home you can afford to buy in Hendersonville