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Waukesha

Current Mortgage Rates in Waukesha, Wisconsin

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

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

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Mortgage Rates in Waukesha, WI as of August 13, 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 Waukesha, WI Mortgage Rates Compare?

August 13, 2020

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

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

The median home value for Waukesha, WI is $316,642

Based on current mortgage rates and a 10% down payment, you need to make $56,987 per year to buy the median priced home in Waukesha

With this income, you could qualify for a $284,978 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 Waukesha is $1,320

The median household income for Waukesha, WI is $85,574

Based on this income, you can afford a home valued at approximately $475,477

The home price you can afford to buy based on household income in Waukesha is 150% of the median home value which means housing prices are average. Waukesha ranks 66 out of 72 counties in Wisconsin and 2,528 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Waukesha, Wisconsin

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

Conforming loan limits for Waukesha, WI

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

FHA loan limits for Waukesha, WI

1 unit: $339,250
2 units: $434,300
3 units: $524,950
4 units: $652,400

VA loan limits for Waukesha, WI

1 unit: $510,400

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