The average mortgage rate in every state

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Housing markets can vary significantly across the United States — and so can mortgage terms. A potential homebuyer in one state might be able to get approved for a loan more easily than someone with a similar income and credit profile who lives in another part of the country.

In order to better understand how housing markets differ among states, LendingTree, the nation’s leading online loan marketplace, analyzed multiple factors that are relevant to people looking to buy a home.

While our study primarily focuses on mortgage interest rates offered to LendingTree users in different states, it also looks at other aspects important to the home buying process, like average APRs, loan-to-value ratios, home loan amounts and down payment amounts. It also looks at the spread between high and low APRs offered to LendingTree users in order to illustrate how shopping around for a mortgage can help a potential buyer save money.

Here are all 50 states ranked by average mortgage rate, from lowest to highest:

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Image Credit: Depositphotos.

1. California

Average offered interest rate: 4.74%

Average APR: 4.83%

Average down payment: $41,502

Average offered loan amount: $313,508

Average LTV: 66%

Median Spread (4 Offers): 0.395%

Median Spread (5 Offers): 0.49%

Image Credit: mlauffen.

2. New Jersey

Average offered interest rate: 4.75%

Average APR: 4.83%

Average down payment: $31,212

Average offered loan amount: $258,999

Average LTV: 71%

Median Spread (4 Offers): 0.39%

Median Spread (5 Offers): 0.55%

Image Credit: DepositPhotos.com.

3. Washington

Average offered interest rate: 4.76%

Average APR: 4.85%

Average down payment: $34,029

Average offered loan amount: $277,105

Average LTV: 71%

Median Spread (4 Offers): 0.40%

Median Spread (5 Offers): 0.52%

Image Credit: 4nadia.

4. Massachusetts

Average offered interest rate: 4.76%

Average APR: 4.86%

Average down payment: $34,029

Average offered loan amount: $274,996

Average LTV: 70%

Median Spread (4 Offers): 0.40%

Median Spread (5 Offers): 0.51%

Image Credit: Rolf_52.

5. Utah

Average offered interest rate: 4.77%

Average APR: 4.85%

Average down payment: $28,273

Average offered loan amount: $248,969

Average LTV: 73%

Median Spread (4 Offers): 0.43%

Median Spread (5 Offers): 0.55%

Image Credit: ” 4kodiak”.

6. Colorado

Average offered interest rate: 4.77%

Average APR: 4.86%

Average down payment: $32,889

Average offered loan amount: $262,947

Average LTV: 72%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.52%

Image Credit: ” Adventure_Photo.

7. Maryland

Average offered interest rate: 4.78%

Average APR: 4.87%

Average down payment: $28,194

Average offered loan amount: $255,652

Average LTV: 76%

Median Spread (4 Offers): 0.39%

Median Spread (5 Offers): 0.49%

Image Credit: depositphotos.com.

8. Kentucky

Average offered interest rate: 4.79%

Average APR: 4.89%

Average down payment: $34,013

Average offered loan amount: $255,545

Average LTV: 76%

Median Spread (4 Offers): 0.396%

Median Spread (5 Offers): 0.50%

Image Credit: alexeys.

9. Virginia

Average offered interest rate: 4.79%

Average APR: 4.89%

Average down payment: $34,013

Average offered loan amount: $255,545

Average LTV: 76%

Median Spread (4 Offers): 0.396%

Median Spread (5 Offers): 0.50%

Image Credit: DepositPhotos.com.

10. South Dakota

Average offered interest rate: 4.79%

Average APR: 4.91%

Average down payment: $23,418

Average offered loan amount: $206,496

Average LTV: 75%

Median Spread (4 Offers): 0.44%

Median Spread (5 Offers): 0.56%

Image Credit: Getty.

11. Minnesota

Average offered interest rate: 4.80%

Average APR: 4.90%

Average down payment: $21,326

Average offered loan amount: $218,568

Average LTV: 74%

Median Spread (4 Offers): 0.39%

Median Spread (5 Offers): 0.51%

Image Credit: JoeChristensen.

12. Oregon

Average offered interest rate: 4.80%

Average APR: 4.89%

Average down payment: $29,468

Average offered loan amount: $247,373

Average LTV: 72%

Median Spread (4 Offers): 0.39%

Median Spread (5 Offers): 0.48%

Image Credit: DepositPhotos.com.

13. Montana

Average offered interest rate: 4.81%

Average APR: 4.92%

Average down payment: $26,926

Average offered loan amount: $224,882

Average LTV: 71%

Median Spread (4 Offers): 0.48%

Median Spread (5 Offers): 0.59%

Image Credit: YinYang.

14. Arizona

Average offered interest rate: 4.81%

Average APR: 4.91%

Average down payment: $24,850

Average offered loan amount: $222,775

Average LTV: 74%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.52%

Image Credit: Davel5957/istockphoto.

15. North Carolina

Average offered interest rate: 4.81%

Average APR: 4.92%

Average down payment: $27,994

Average offered loan amount: $218,578

Average LTV: 78%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.52%

Image Credit: ” Darwin Brandis”.

16. Delaware

Average offered interest rate: 4.82%

Average APR: 4.93%

Average down payment: $18,040

Average offered loan amount: $224,921

Average LTV: 73%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.53%

Image Credit: mdgmorris.

17. Texas

Average offered interest rate: 4.82%

Average APR: 4.92%

Average down payment: $30,562

Average offered loan amount: $221,234

Average LTV: 78%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.55%

Image Credit: DenisTangneyJr.

18. North Dakota

Average offered interest rate: 4.82%

Average APR: 4.93%

Average down payment: $22,897

Average offered loan amount: $230,333

Average LTV: 78%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.51%

Image Credit: DepositPhotos.com.

19. Pennsylvania

Average offered interest rate: 4.83%

Average APR: 4.93%

Average down payment: $27,029

Average offered loan amount: $214,394

Average LTV: 77%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.54%

Image Credit: weaver1234.

20. Georgia

Average offered interest rate: 4.83%

Average APR: 4.94%

Average down payment: $29,140

Average offered loan amount: $216,173

Average LTV: 78%

Median Spread (4 Offers): 0.40%

Median Spread (5 Offers): 0.51%

Image Credit: SeanPavonePhoto.

21. Rhode Island

Average offered interest rate: 4.83%

Average APR: 4.94%

Average down payment: $25,643

Average offered loan amount: $242,492

Average LTV: 73%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.49%

Image Credit: DepositPhotos.com.

22. Connecticut

Average offered interest rate: 4.84%

Average APR: 4.94%

Average down payment: $31,881

Average offered loan amount: $237,825

Average LTV: 76%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.55%

Image Credit: traveler1116.

23. New Hampshire

Average offered interest rate: 4.84%

Average APR: 4.94%

Average down payment: $22,631

Average offered loan amount: $226,846

Average LTV: 73%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.51%

Image Credit: DenisTangneyJr.

24. Florida

Average offered interest rate: 4.84%

Average APR: 4.94%

Average down payment: $28,528

Average offered loan amount: $218,638

Average LTV: 76%

Median Spread (4 Offers): 0.40%

Median Spread (5 Offers): 0.51%

Image Credit: DepositPhotos.com.

25. Wyoming

Average offered interest rate: 4.84%

Average APR: 4.96%

Average down payment: $20,458

Average offered loan amount: $221,159

Average LTV: 77%

Median Spread (4 Offers): 0.50%

Median Spread (5 Offers): 0.62%

Image Credit: AnujSahaiPhotography.

26. Hawaii

Average offered interest rate: 4.85%

Average APR: 4.94%

Average down payment: $39,317

Average offered loan amount: $300,910

Average LTV: 66%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.52%

Image Credit: ehabaref / iStock.

27. South Carolina

Average offered interest rate: 4.85%

Average APR: 4.96%

Average down payment: $23,576

Average offered loan amount: $207,002

Average LTV: 77%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.50%

Image Credit: SeanPavonePhoto.

28. Wisconsin

Average offered interest rate: 4.86%

Average APR: 4.96%

Average down payment: $24,826

Average offered loan amount: $202,333

Average LTV: 78%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.52%

Image Credit: FierceAbin.

29. Tennessee

Average offered interest rate: 4.86%

Average APR: 4.96%

Average down payment: $28,318

Average offered loan amount: $210,773

Average LTV: 78%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.52%

Image Credit: Swarmcatcher.

30. Nevada

Average offered interest rate: 4.86%

Average APR: 4.95%

Average down payment: $29,109

Average offered loan amount: $244,981

Average LTV: 73%

Median Spread (4 Offers): 0.39%

Median Spread (5 Offers): 0.50%

Image Credit: Getty.

31. Alabama

Average offered interest rate: 4.86%

Average APR: 4.97%

Average down payment: $28,569

Average offered loan amount: $203,904

Average LTV: 74%

Median Spread (4 Offers): 0.43%

Median Spread (5 Offers): 0.53%

Image Credit: Sean Pavone.

32. Alaska

Average offered interest rate: 4.86%

Average APR: 4.97%

Average down payment: $31,706

Average offered loan amount: $248,847

Average LTV: 77%

Median Spread (4 Offers): 0.45%

Median Spread (5 Offers): 0.54%

Image Credit: Chilkoot.

33. New Mexico

Average offered interest rate: 4.86%

Average APR: 4.99%

Average down payment: $23,783

Average offered loan amount: $200,274

Average LTV: 74%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.55%

Image Credit: Davel5957.

34. Michigan

Average offered interest rate: 4.86%

Average APR: 4.98%

Average down payment: $20,440

Average offered loan amount: $200,190

Average LTV: 75%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.55%

Image Credit: haveseen.

35. Illinois

Average offered interest rate: 4.87%

Average APR: 4.97%

Average down payment: $29,498

Average offered loan amount: $220,125

Average LTV: 76%

Median Spread (4 Offers): 0.43%

Median Spread (5 Offers): 0.53%

Image Credit: ibsky.

36. Kansas

Average offered interest rate: 4.87%

Average APR: 4.98%

Average down payment: $23,870

Average offered loan amount: $201,060

Average LTV: 79%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.51%

Image Credit: Getty.

37. Louisiana

Average offered interest rate: 4.87%

Average APR: 4.99%

Average down payment: $26,053

Average offered loan amount: $203,938

Average LTV: 79%

Median Spread (4 Offers): 0.45%

Median Spread (5 Offers): 0.61%

Image Credit: DenisTangneyJr.

38. Vermont

Average offered interest rate: 4.87%

Average APR: 4.99%

Average down payment: $27,765

Average offered loan amount: $202,106

Average LTV: 73%

Median Spread (4 Offers): 0.37%

Median Spread (5 Offers): 0.50%

Image Credit: ” DonLand”.

39. Indiana

Average offered interest rate: 4.81%

Average APR: 4.99%

Average down payment: $24,013

Average offered loan amount: $195,098

Average LTV: 78%

Median Spread (4 Offers): 0.43%

Median Spread (5 Offers): 0.55%

Image Credit: f11photo.

40. Idaho

Average offered interest rate: 4.89%

Average APR: 4.99%

Average down payment: $19,593

Average offered loan amount: $211,520

Average LTV: 74%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.498%

Image Credit: Courtesy of lcsc.edu.

41. Mississippi

Average offered interest rate: 4.90%

Average APR: 5.04%

Average down payment: $16,297

Average offered loan amount: $190,895

Average LTV: 78%

Median Spread (4 Offers): 0.498%

Median Spread (5 Offers): 0.64%

Image Credit: Getty.

42. Missouri

Average offered interest rate: 4.90%

Average APR: 5.01%

Average down payment: $24,734

Average offered loan amount: $199,948

Average LTV: 78%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.496%

Image Credit: DepositPhotos.com.

43. Nebraska

Average offered interest rate: 4.90%

Average APR: 5.03%

Average down payment: $24,609

Average offered loan amount: $201,388

Average LTV: 76%

Median Spread (4 Offers): 0.41%

Median Spread (5 Offers): 0.54%

Image Credit: Getty.

44. Ohio

Average offered interest rate: 4.90%

Average APR: 5.03%

Average down payment: $22,061

Average offered loan amount: $196,052

Average LTV: 76%

Median Spread (4 Offers): 0.397%

Median Spread (5 Offers): 0.53%

Image Credit: DepositPhotos.com.

45. West Virginia

Average offered interest rate: 4.90%

Average APR: 5.04%

Average down payment: $15,369

Average offered loan amount: $189,222

Average LTV: 77%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.53%

Image Credit: ” Chayanisa Puttamata”.

46. Maine

Average offered interest rate: 4.91%

Average APR: 5.02%

Average down payment: $22,462

Average offered loan amount: $202,539

Average LTV: 74%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.53%

Image Credit: DenisTangneyJr.

47. Oklahoma

Average offered interest rate: 4.91%

Average APR: 5.03%

Average down payment: $19,456

Average offered loan amount: $186,502

Average LTV: 76%

Median Spread (4 Offers): 0.42%

Median Spread (5 Offers): 0.52%

Image Credit: DepositPhotos.com.

48. Arkansas

Average offered interest rate: 4.92%

Average APR: 5.06%

Average down payment: $17,171

Average offered loan amount: $198,300

Average LTV: 77%

Median Spread (4 Offers): 0.44%

Median Spread (5 Offers): 0.55%

Image Credit: wellesenterprises / iStock.

49. Iowa

Average offered interest rate: 4.93%

Average APR: 5.04%

Average down payment: $26,746

Average offered loan amount: $203,700

Average LTV: 77%

Median Spread (4 Offers): 0.46%

Median Spread (5 Offers): 0.53%

Image Credit: JoeChristensen.

50. New York

Average offered interest rate: 4.96%

Average APR: 5.07%

Average down payment: $43,404

Average offered loan amount: $260,163

Average LTV: 71%

Median Spread (4 Offers): 0.37%

Median Spread (5 Offers): 0.53%

This article originally appeared on LendingTree.com and was syndicated by MediaFeed.org.

Image Credit: Eloi_Omella.

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