»
»
Janesville

Current Mortgage Rates in Janesville, Wisconsin

Compare mortgage rates and fees for leading lenders in Janesville, WI. 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 Janesville.

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

%
Mortgage Rates in Janesville, WI as of April 5, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
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.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Janesville, WI Mortgage Rates Compare?

April 5, 2020

The current average rate for a 30 year fixed rate mortgage in Janesville 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
Janesville, WI 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 Janesville, Wisconsin?

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

The median home value for Janesville, WI (Rock County) is $173,284

Based on current mortgage rates and a 10% down payment, you need to make $31,187 per year to buy the median priced home in Janesville

With this income, you could qualify for a $155,956 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 Janesville is $722

The median household income for Janesville, WI (Rock County) is $56,328

Based on this income, you can afford a home valued at approximately $312,981

The home price you can afford to buy based on household income in Janesville is 181% of the median home value which means housing prices are average. Janesville (Rock County) ranks 37 out of 72 counties in Wisconsin and 1,941 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Janesville, WI is average

orange-simple-house
ruler

Loan Limits for Janesville, Wisconsin

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

Conforming loan limits for Janesville, WI

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

FHA loan limits for Janesville, WI

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

VA loan limits for Janesville, WI

1 unit: $510,400

Additional Mortgage Resources for Janesville, WI Residents

Mortgage Rates for Wisconsin Cities

Appleton Mortgage Rates

Eau Claire Mortgage Rates

Fond du Lac Mortgage Rates

Green Bay Mortgage Rates

Hudson Mortgage Rates

Janesville Mortgage Rates

Kenosha Mortgage Rates

La Crosse Mortgage Rates

Madison Mortgage Rates

Milwaukee Mortgage Rates

Oshkosh Mortgage Rates

Racine Mortgage Rates

Sheboygan Mortgage Rates

Walworth Mortgage Rates

Waukesha Mortgage Rates

Wausau Mortgage Rates

West Bend Mortgage Rates