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this post was submitted on 21 Sep 2023
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$800 mortgage for a house in the Midwest here. Nice house too.
What apr is that% no chance its the 6-7% that's the norm now. But good for you for locking it it when it was low!
There are small towns with reasonable internet providers that still have houses for under $100k, sometimes well under, so yes, that's possible. Not necessarily towns in the middle of nowhere, either.
Idk what APR our mortgage is, because it's actually our father in law who got it, but ours is $550/month in the Midwest.
Property taxes keep going up each year though. We're paying a few thousand a year now.
Not nice people though.