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.
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%
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
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
FHA loan limits for Johnson City, TN
VA loan limits for Johnson City, TN
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