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Compare La Porte, IN 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 La Porte.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in La Porte. Plus, shopping lenders is free and there is no obligation.
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La Porte, IN Mortgage Rates as of November 28, 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.
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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.
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Compare Today's La Porte, IN Mortgage Rates
November 28, 2024
Current mortgage rates in La Porte, IN 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 La Porte, IN Rates
National Average
Comparison
30 Year Fixed Rate
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6.670%
15 Year Fixed Rate
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5.960%
5/1 Adjustable Rate Mortgage
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6.250%
How Affordable is Housing in La Porte, Indiana?
Below we provide helpful information on the real estate market, home prices and housing affordability in La Porte. Understand how much you need to earn to afford a home in La Porte, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in La Porte 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 La Porte is right for you.
The median home value for La Porte, IN is $188,552
Based on current mortgage rates and a 10% down payment, you need to make $39,335 per year to buy the median priced home in La Porte
With this income, you could qualify for a $169,697 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 La Porte is $911
The median household income for La Porte, IN is $64,644
Based on this income, you can afford a home valued at approximately $309,872
The home price you can afford to buy based on household income in La Porte is 164% of the median home value which means housing prices are average.
La Porte ranks 67 out of 92 counties in Indiana and 1,516 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in La Porte, IN is average
Loan Limits for La Porte, Indiana
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for La Porte below.
Conforming loan limits for La Porte, IN
1 unit:$726,200
2 units:$929,850
3 units:$1,123,900
4 units:$1,396,800
FHA loan limits for La Porte, IN
1 unit:$472,030
2 units:$604,400
3 units:$730,525
4 units:$907,900
VA loan limits for La Porte, IN
1 unit:$726,200
Additional Mortgage Resources for La Porte, IN Residents