Our goal is to offer the highest quality mortgage resources and advice to our users for free.
How We Make Money
The listings that appear on this page are from companies from which this website and the data provider may receive compensation. These listings may not include all companies or all available products.
Editorial Independence
We may receive a fee if you click on a lender or submit a form on our website. This fee in no way affects the information or advice we provide. We maintain editorial independence to ensure that the recommendations and insights we provide are objective and unbiased.
Lender Tables
The lenders whose rates and other terms appear on this chart are ICBs advertising partners they provide their rate information to our data partner RateUpdatecom Unless adjusted by the consumer advertisers are sorted by APR lowest to highest For any advertising partners that do not provide their rate they are listed in advertisement display units at the bottom of the chart Advertising partners may not pay to improve the frequency priority or prominence of their display The interest rates annual percentage rates and other terms advertised here are estimates provided by those advertising partners based on the information you entered above and do not bind any lender Monthly payment amounts stated do not include amounts for taxes and insurance premiums The actual payment obligation will be greater if taxes and insurance are included Although our data partner RateUpdatecom collects the information from the financial institutions themselves the accuracy of the data cannot be guaranteed Rates may change without notice and can change intraday Some of the information contained in the rate tables including but not limited to special marketing notes is provided directly by the lenders Please verify the rates and offers before applying for a loan with the financial institution themselves No rate is binding until locked by a lender
Compare Current El Centro, California Mortgage Rates
Compare El Centro, CA 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 El Centro.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in El Centro. Plus, shopping lenders is free and there is no obligation.
Refine Your Search+
%
El Centro, CA Mortgage Rates as of December 21, 2024
Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
Lender
APR
Loan Type
Rate
Payment
Fees & Points
Contact
%
Get Personalized Mortgage Quotes
Thank you for submitting your information!
Your mortgage quote request has been sent to our lending partners and you should receive emails from multiple lenders shortly. Comparing proposals from multiple lenders is the best way to save money on your mortgage!
Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.
Get Free Personalized Mortgage Quotes
Compare Offers
Save Money
No Obligation
By clicking the button above, you agree to allow FREEandCLEAR to connect you with lenders or other third parties and that FREEandCLEAR and other parties may contact you at the email address and phone number you provided, even if your number appears on a Do Not Call Registry or List. Your consent is not a condition to work with a lender or to qualify for a mortgage. Please review our Privacy Policy for more information. NMLS: 357085
Compare Today's El Centro, CA Mortgage Rates
December 21, 2024
Current mortgage rates in El Centro, CA 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 El Centro, CA Rates
National Average
Comparison
30 Year Fixed Rate
%
6.670%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%
How Affordable is Housing in El Centro, California?
Below we provide helpful information on the real estate market, home prices and housing affordability in El Centro. Understand how much you need to earn to afford a home in El Centro, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in El Centro 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 El Centro is right for you.
The median home value for El Centro, CA (Imperial County) is $277,528
Based on current mortgage rates and a 10% down payment, you need to make $57,897 per year to buy the median priced home in El Centro
With this income, you could qualify for a $249,775 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 El Centro is $1,341
The median household income for El Centro, CA (Imperial County) is $52,565
Based on this income, you can afford a home valued at approximately $251,972
The home price you can afford to buy based on household income in El Centro is 91% of the median home value which means housing prices are expensive.
El Centro (Imperial County) ranks 14 out of 58 counties in California and 2,904 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in El Centro, CA is expensive
Loan Limits for El Centro, California
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for El Centro (Imperial County) below.
Conforming loan limits for El Centro, CA
1 unit:$726,200
2 units:$929,850
3 units:$1,123,900
4 units:$1,396,800
FHA loan limits for El Centro, CA
1 unit:$472,030
2 units:$604,400
3 units:$730,525
4 units:$907,900
VA loan limits for El Centro, CA
1 unit:$726,200
Additional Mortgage Resources for El Centro, CA Residents