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Johnson City

Current Mortgage Rates in Johnson City, Tennessee

Compare mortgage rates and fees for leading lenders in Johnson City, 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 Johnson City.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Johnson City. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Johnson City, TN as of November 11, 2019
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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 Johnson City, TN Mortgage Rates Compare?

November 11, 2019

The current average rate for a 30 year fixed rate mortgage in Johnson City 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
Johnson City, 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 Johnson City, Tennessee?

The median home value for Johnson City, TN (Washington County) is $169,975

The median household income for Johnson City, TN (Washington County) is $45,531

Based on current mortgage rates and a 10% down payment, you need to make $31,536 per year to buy the median priced home in Johnson City

The home price you can afford to buy based on household income in Johnson City is 144% of the median home value which means housing prices are average

Johnson City (Washington County) ranks 86 out of 95 counties in Tennessee and 2,616 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Johnson City, TN is average

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Loan Limits for Johnson City, Tennessee

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Johnson City (Washington County) below.

Conforming loan limits for Johnson City, TN

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

FHA loan limits for Johnson City, TN

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

VA loan limits for Johnson City, TN

1 unit: $484,350

Additional Mortgage Resources for Johnson City, 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