Mortgage Rates in Beloit, Wisconsin — March 2026
Updated March 2026 | Based on Beloit market data and regional lending conditions
Beloit is a growing city in Wisconsin with a population of 36,804. The current 30-year fixed mortgage rate in Beloit is 6.67%, which is 0.02% above the national average. With a median home price of $231,000 and a 20% down payment of $46,200, homebuyers can expect a monthly principal and interest payment of approximately $1,189.
Current Mortgage Rates in Beloit, WI
Below are the current average mortgage rates available in the Beloit area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.67% | 6.65% | +0.02% |
| 15-Year Fixed | 5.93% | 5.89% | +0.04% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.46% | 6.25% | +0.21% |
| VA | 6.21% | 6.05% | +0.16% |
| Jumbo | 6.92% | 6.85% | +0.07% |
Beloit Housing Market Overview
The Beloit housing market offers relatively affordable housing compared to many major cities. The median household income in Beloit is $60,200, and the cost of living index is 82.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $66,386 to comfortably afford the median-priced home in Beloit, which exceeds the current median household income.
Monthly Payment Breakdown for Beloit
Based on the median home price of $231,000 with 20% down ($46,200), here is what you can expect to pay monthly in Beloit:
15-Year vs. 30-Year Mortgage in Beloit
Choosing a 15-year mortgage in Beloit at 5.93% instead of a 30-year at 6.67% would save you $148,680 in total interest over the life of the loan. However, your monthly payment would be $1,552 instead of $1,189 — an increase of $363 per month.
Calculate Your Beloit Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Beloit
What are the current mortgage rates in Beloit, WI?
As of March 2026, the average 30-year fixed mortgage rate in Beloit, Wisconsin is 6.67%, while the 15-year fixed rate is 5.93%. FHA loans average 6.46% and VA loans 6.21%. These rates are 0.02% above the national average of 6.65%.
How much is a monthly mortgage payment in Beloit?
Based on the median home price of $231,000 with 20% down, the estimated monthly mortgage payment in Beloit is $1,189 for principal and interest. Including property taxes of $360/month, the total monthly housing cost is approximately $1,549.
What income do I need to buy a home in Beloit?
Using the 28% rule, you would need an annual income of approximately $66,386 to afford the median-priced home in Beloit at $231,000. The median household income in Beloit is $60,200. This means most households would need to either earn above the median or consider homes below $231,000.
Is Beloit a good place to buy a home in 2026?
Beloit offers a below-average cost of living with a cost of living index of 82.4 (national average = 100). The property tax rate in Wisconsin is 1.87%, which is above the national average. Beloit has a population of 36,804 and offers a very affordable lifestyle.
Mortgage Rates in Other Wisconsin Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Beloit, Wisconsin area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.