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Barre

Current Mortgage Rates in Barre, Vermont

Compare mortgage rates and fees for leading lenders in Barre, VT. 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 Barre.

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

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Mortgage Rates in Barre, VT as of April 9, 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 Barre, VT Mortgage Rates Compare?

April 9, 2020

The current average rate for a 30 year fixed rate mortgage in Barre 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
Barre, VT 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 Barre, Vermont?

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

The median home value for Barre, VT (Washington County) is $234,435

Based on current mortgage rates and a 10% down payment, you need to make $42,192 per year to buy the median priced home in Barre

With this income, you could qualify for a $210,992 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 Barre is $977

The median household income for Barre, VT (Washington County) is $63,913

Based on this income, you can afford a home valued at approximately $355,125

The home price you can afford to buy based on household income in Barre is 151% of the median home value which means housing prices are average. Barre (Washington County) ranks 7 out of 14 counties in Vermont and 2,510 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Barre, VT is average

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Loan Limits for Barre, Vermont

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

Conforming loan limits for Barre, VT

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Barre, VT

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

VA loan limits for Barre, VT

1 unit: $510,400

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