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.
April 5, 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%
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
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
FHA loan limits for Gillette, WY
VA loan limits for Gillette, WY