USA Mortgage Rates and Terms by State

USA Mortgage Rates and Terms by State

Mortgage interest rates and loan to values (LTV) vary in the USA, by state. Hence, each state has it's own seperate criteria that have to be met.

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Changing conditions in the US mortgage market mean that the rates below are subject to change at any time. Loan to value rates and interest rates in particular may fluctuate rapidly and without warning. Current approximate average USA mortgage rates are about 6.50%, at 70% loan to value.

For states including Florida, New York City, Arizona, California, Nevada, Colorado, Hawaii, Massachusetts, North and South Carolina, New Jersey, Texas and Virginia, the following basic facts apply:

• Max Loan to Value: 70% LTV
• Max term: 40 years
• Minimum Loan: £ 36,200
• Mortgages available: Repayment and interest only