Condo mortgage rates

Find and compare the best mortgage rates for a condominium from lenders in your area.

Refine results

Loan purpose

Are you a veteran?

Eligible for an FHA loan?

Had a foreclosure?

Filed bankruptcy?

Refine results

NMLS#

from

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

NMLS#

from

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

NMLS#

from

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

NMLS#

from

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

NMLS#

from

INTEREST RATE

MO. PAYMENT

TOTAL INTEREST

FEES

About These Rates: The lenders whose rates appear on this table are NerdWallet’s advertising partners. NerdWallet strives to keep its information accurate and up to date. This information may be different than what you see when you visit a lender’s site. The terms advertised here are not offers and do not bind any lender. The rates shown here are retrieved via the Mortech rate engine and are subject to change. These rates do not include taxes, fees, and insurance. Your actual rate and loan terms will be determined by the partner’s assessment of your creditworthiness and other factors. Any potential savings figures are estimates based on the information provided by you and our advertising partners.

Single family home mortgage rate trends (APR)

NerdWallet's mortgage rate insight
4.88%
30-year fixed

The average rate on a 30-year fixed-rate mortgage was unchanged, the rate on the 15-year fixed was unchanged and the rate on the 5/1 ARM was unchanged, according to a NerdWallet survey of daily mortgage rates published Tuesday by national lenders. A basis point is one one-hundredth of one percent. The average rate on the 30-year fixed is four basis points higher than one week ago.

Mortgage rates today (APR)

Loan typeAverage
rate
Change
1 day
Change
1 year
30-year fixed4.88%
0.0%
0.89%
15-year fixed4.39%
0.0%
0.95%
5/1 ARM4.97%
0.0%
1.08%
Data source: NerdWallet Mortgage Rate Index

Condo Mortgage Rates

Buying a condo can mean homeownership with fewer maintenance headaches. And amenities — like fitness facilities, a pool and spa; perhaps even a cafe. While condo mortgage terms are often different than terms on single-family home loans, you’ll still want to shop for the best interest rate.

The NerdWallet condo mortgage rate tool returns customized interest rate offers in just seconds.

What are the differences between a mortgage on a condo and a house?

Because condo values are primarily based on the property as a whole, not just your unit, condo mortgage approval relies on your creditworthiness and the condo’s qualifications, too. That can include the value and condition of amenities, the homeownership association’s budget and financial stability — even the percentage of space dedicated to nonresidential purposes.

Another condo loan wrinkle: The lender will determine if the HOA or developer has any pending litigation against it that might impact the future value of the property.

How do mortgage rates on condos compare to mortgages on houses?

Condo mortgage rates are typically a little higher than on single-family homes. It’s a matter of the lender pricing in the risk of community-living structures. There are simply a lot of things that impact the value of the property that are out of the control of a single-unit owner.

Learn more about financing second homes: