Compare Clearfield, UT mortgage rates and fees from top lenders. 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 lowest mortgage rates in Clearfield.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Clearfield. Plus, shopping lenders is free and there is no obligation.
January 25, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Clearfield. Understand how much you need to earn to afford a home in Clearfield, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Clearfield 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 Clearfield is right for you.
The median home value for Clearfield, UT (Davis County) is $478,643
Based on current mortgage rates and a 10% down payment, you need to make $78,424 per year to buy the median priced home in Clearfield
With this income, you could qualify for a $430,779 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 Clearfield is $1,816
The median household income for Clearfield, UT (Davis County) is $94,497
Based on this income, you can afford a home valued at approximately $576,745
The home price you can afford to buy based on household income in Clearfield is 120% of the median home value which means housing prices are average. Clearfield (Davis County) ranks 17 out of 29 counties in Utah and 2,887 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Clearfield, UT is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Clearfield (Davis County) below.
Conforming loan limits for Clearfield, UT
FHA loan limits for Clearfield, UT
VA loan limits for Clearfield, UT