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Gillette

Current Mortgage Rates in Gillette, Wyoming

Compare mortgage rates and fees for leading lenders in Gillette, WY. 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 Gillette.

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

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Mortgage Rates in Gillette, WY as of February 24, 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 Gillette, WY Mortgage Rates Compare?

February 24, 2020

The current average rate for a 30 year fixed rate mortgage in Gillette 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
Gillette, WY 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 Gillette, Wyoming?

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

The median home value for Gillette, WY (Campbell County) is $237,849

Based on current mortgage rates and a 10% down payment, you need to make $42,807 per year to buy the median priced home in Gillette

With this income, you could qualify for a $214,064 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 Gillette is $991

The median household income for Gillette, WY (Campbell County) is $84,559

Based on this income, you can afford a home valued at approximately $469,840

The home price you can afford to buy based on household income in Gillette is 198% of the median home value which means housing prices are average. Gillette (Campbell County) ranks 1 out of 23 counties in Wyoming and 1,624 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Gillette, WY is average

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Loan Limits for Gillette, Wyoming

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

Conforming loan limits for Gillette, WY

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

FHA loan limits for Gillette, WY

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

VA loan limits for Gillette, WY

1 unit: $510,400

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