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Mt. Juliet

Current Mortgage Rates in Mt. Juliet, Tennessee

Compare mortgage rates and fees for leading lenders in Mt. Juliet, 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 Mt. Juliet.

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

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Mortgage Rates in Mt. Juliet, TN as of August 10, 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 Mt. Juliet, TN Mortgage Rates Compare?

August 10, 2020

The current average rate for a 30 year fixed rate mortgage in Mt. Juliet 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
Mt. Juliet, 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 Mt. Juliet, Tennessee?

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

The median home value for Mt. Juliet, TN (Wilson County) is $307,114

Based on current mortgage rates and a 10% down payment, you need to make $55,273 per year to buy the median priced home in Mt. Juliet

With this income, you could qualify for a $276,403 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 Mt. Juliet is $1,280

The median household income for Mt. Juliet, TN (Wilson County) is $69,736

Based on this income, you can afford a home valued at approximately $387,478

The home price you can afford to buy based on household income in Mt. Juliet is 126% of the median home value which means housing prices are average. Mt. Juliet (Wilson County) ranks 91 out of 95 counties in Tennessee and 2,805 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Mt. Juliet, TN is average

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Loan Limits for Mt. Juliet, Tennessee

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

Conforming loan limits for Mt. Juliet, TN

1 unit: $563,500
2 units: $721,400
3 units: $872,000
4 units: $1,083,650

FHA loan limits for Mt. Juliet, TN

1 unit: $563,500
2 units: $721,400
3 units: $872,000
4 units: $1,083,650

VA loan limits for Mt. Juliet, TN

1 unit: $563,500

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