Current Mortgage Rates in Franklin, Vermont

Compare mortgage rates and fees for leading lenders in Franklin, 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 Franklin.

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

Mortgage Rates in Franklin, VT as of September 27, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Franklin, VT Mortgage Rates Compare?

September 27, 2020

The current average rate for a 30 year fixed rate mortgage in Franklin 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
Franklin, VT Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Franklin, Vermont?

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

The median home value for Franklin, VT is $225,693

Based on current mortgage rates and a 10% down payment, you need to make $40,619 per year to buy the median priced home in Franklin

With this income, you could qualify for a $203,123 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 Franklin is $941

The median household income for Franklin, VT is $65,613

Based on this income, you can afford a home valued at approximately $364,572

The home price you can afford to buy based on household income in Franklin is 162% of the median home value which means housing prices are average. Franklin ranks 3 out of 14 counties in Vermont and 2,324 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Franklin, Vermont

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Franklin below.

Conforming loan limits for Franklin, VT

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

FHA loan limits for Franklin, VT

1 unit: $368,000
2 units: $471,100
3 units: $569,450
4 units: $707,700

VA loan limits for Franklin, VT

1 unit: $510,400

Additional Mortgage Resources for Franklin, VT Residents

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