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Rock Springs

Compare Current Rock Springs, Wyoming Mortgage Rates

Compare Rock Springs, WY mortgage rates and fees from top lenders. 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 lowest mortgage rates in Rock Springs.

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

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Rock Springs, WY Mortgage Rates as of January 25, 2022
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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.
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How Do Today's Rock Springs, WY Mortgage Rates Compare?

January 25, 2022

Current mortgage rates in Rock Springs, WY are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Rock Springs, WY Rates
National
Average
Comparison
30 Year Fixed Rate
%
3.560%
15 Year Fixed Rate
%
2.790%
5/1 Adjustable Rate Mortgage
%
2.600%

How Affordable is Housing in Rock Springs, Wyoming?

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

The median home value for Rock Springs, WY (Sweetwater County) is $248,982

Based on current mortgage rates and a 10% down payment, you need to make $40,795 per year to buy the median priced home in Rock Springs

With this income, you could qualify for a $224,083 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 Rock Springs is $945

The median household income for Rock Springs, WY (Sweetwater County) is $80,896

Based on this income, you can afford a home valued at approximately $493,730

The home price you can afford to buy based on household income in Rock Springs is 198% of the median home value which means housing prices are average. Rock Springs (Sweetwater County) ranks 2 out of 23 counties in Wyoming and 1,764 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Rock Springs, Wyoming

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

Conforming loan limits for Rock Springs, WY

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Rock Springs, WY

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Rock Springs, WY

1 unit: $647,200

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