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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 April 6, 2020
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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.
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How Do Today's Johnson City, TN Mortgage Rates Compare?

April 6, 2020

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%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Johnson City, Tennessee?

Below we provide helpful information on the real estate market, home prices and housing affordability in Johnson City. Understand how much you need to earn to afford a home in Johnson City, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Johnson City 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 Johnson City is right for you.

The median home value for Johnson City, TN (Washington County) is $178,304

Based on current mortgage rates and a 10% down payment, you need to make $32,090 per year to buy the median priced home in Johnson City

With this income, you could qualify for a $160,473 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 Johnson City is $743

The median household income for Johnson City, TN (Washington County) is $46,594

Based on this income, you can afford a home valued at approximately $258,893

The home price you can afford to buy based on household income in Johnson City is 145% of the median home value which means housing prices are average. Johnson City (Washington County) ranks 80 out of 95 counties in Tennessee and 2,589 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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Johnson City, TN

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Johnson City, TN

1 unit: $510,400

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