Little Rock, Arkansas, is a city rich in history and culture, with each of its neighborhoods offering a unique charm and distinct lifestyle. The city has so many hidden gems, vibrant neighborhoods, and stunning seasons that it’s no wonder about 203,000 residents live here. In Little Rock, you’ll find that the average rent for a one-bedroom apartment is $868. If you’re looking to rent an apartment in Little Rock, you’re in the right place. We’ve gathered a list of the 7 most expensive Little Rock neighborhoods to rent an apartment in this year.
7 Most Expensive Neighborhoods in Little Rock
From historic luxury in the Heights to the midcentury charm of Boyle Park, there are plenty of exciting neighborhoods in Little Rock. Whether you’re looking for a luxurious home to rent in Little Rock or wondering where to live in the city, we’ve got you covered.
1. Heights 2. Capitol View – Stifft Station 3. Rock Creek 4. Downtown 5. River Market 6. Boyle Park 7. Parkway Place
Let’s jump in and see what these neighborhoods have to offer.
1. Heights
Average 1-bedroom rent: $1,217 Apartments for rent in Heights
Heights is the most expensive neighborhood in Little Rock, as the average rent for a one-bedroom unit is $1,217. This upscale area stands out for its picturesque, tree-lined streets and historic charm, boasting beautifully preserved early 20th-century homes alongside elegant modern residences. The Heights is known for its boutique shopping and dining, with local favorites like Heights Taco & Tamale Co., offering a unique twist on Southern cuisine, and Eggshells Kitchen Co., a specialty kitchen store that attracts cooking enthusiasts. Residents enjoy the serene Allsopp Park, a local gem with hiking trails, picnic areas, and tennis courts, providing ample outdoor recreation within walking distance. The Heights also features a vibrant social scene with art galleries, local coffee shops like Boulevard Bread Company. Getting around is convenient, with well-maintained sidewalks promoting a walkable lifestyle, and the neighborhood’s proximity to downtown allows for quick commutes by car or public transit.
2. Capitol View – Stifft Station
Average 1-bedroom rent: $975 Apartments for rent in Capitol View – Stifft Station
Capitol View – Stifft Station in Little Rock is a distinctive neighborhood known for its eclectic charm and historic character. The streets are lined with a mix of Craftsman bungalows and early 20th-century homes, creating a picturesque and inviting atmosphere. A standout attraction is the White Water Tavern, a beloved local music venue that hosts a variety of live performances and community events. Residents also enjoy the neighborhood’s proximity to the Arkansas River Trail, offering scenic routes for biking and walking. Public transportation is convenient, with several Rock Region Metro bus routes providing easy access to downtown and other parts of the city.
3. Rock Creek
Average 1-bedroom rent: $960 Apartments for rent in Rock Creek
With an average one-bedroom rent of $960, Rock Creek is the third most expensive neighborhood in Little Rock. The area is distinguished by its lush, wooded landscapes and well-maintained residential streets, creating a serene suburban atmosphere. The neighborhood is home to the beautiful Rock Creek Park, which offers extensive walking trails, playgrounds, and picnic areas, making it a favorite spot for families and outdoor enthusiasts. A highlight of the community is the Chenal Country Club, providing residents with a premier golfing experience and various social activities. Rock Creek boasts a variety of local eateries, like Maddie’s Place, where residents can enjoy Southern cuisine in a cozy setting. Getting around Rock Creek is convenient with easy access to major roads like Chenal Parkway, facilitating quick commutes to other parts of Little Rock.
4. Downtown
Average 1-bedroom rent: $922 Apartments for rent in Downtown
Downtown is the next most expensive neighborhood in Little Rock. The neighborhood is characterized by a mix of beautifully restored historic buildings and sleek, contemporary developments, creating a visually engaging streetscape. Key attractions include the Arkansas Museum of Fine Art, which offers world-class exhibitions and performances, and the Historic Arkansas Museum, showcasing the state’s rich heritage. Residents and visitors enjoy the Riverfront Park, a scenic area along the Arkansas River with trails, sculptures, and the iconic Junction Bridge pedestrian crossing. Getting around downtown is convenient, with the Rock Region METRO streetcar system offering easy access to key areas, along with well-maintained bike lanes and pedestrian-friendly streets encouraging walking and cycling.
5. River Market
Average 1-bedroom rent: $922 Apartments for rent in River Market
The River Market neighborhood of Little Rock stands out with its bustling streets and vibrant atmosphere, characterized by a mix of modern apartments and historic buildings. The area is home to the River Market Pavilion, a hub for local farmers and artisans offering fresh produce, handmade crafts, and delicious street food. Cultural attractions such as the Arkansas Museum of Discovery provide interactive exhibits that engage both children and adults, while the nearby Clinton Presidential Center offers insights into American history and politics. Residents and visitors enjoy scenic walks along the Arkansas River Trail, which provides stunning views of the river and skyline. Transportation within River Market is convenient, with the Rock Region METRO streetcars offering a charming and efficient way to navigate the neighborhood and connect to other parts of the city. The lively nightlife, art galleries, and annual events contribute to the unique appeal of the River Market, making it a standout neighborhood in Little Rock.
6. Boyle Park
Average 1-bedroom rent: $915 Apartments for rent in Boyle Park
Next up is Boyle Park, the sixth most expensive neighborhood in Little Rock. The centerpiece of the area is Boyle Park itself, a sprawling urban oasis featuring winding trails, picnic spots, and a serene creek that attracts nature lovers and families alike. The neighborhood is characterized by charming mid-century homes and cozy bungalows, giving it a welcoming and nostalgic feel. Local attractions include the War Memorial Stadium and the Little Rock Zoo, both just a short drive away, offering entertainment and recreational activities. Residents primarily get around by car, but the well-maintained bike lanes and pedestrian-friendly streets also encourage walking and cycling.
7. Parkway Place
Average 1-bedroom rent: $908 Apartments for rent in Parkway Place
Located west of downtown, Parkway Place is the next neighborhood on our list. One standout feature is the neighborhood’s proximity to the beautiful Boyle Park, where residents can enjoy hiking trails, picnicking areas, and a scenic creek. The community is also home to War Memorial Stadium, a historic venue hosting local sports events and concerts, adding a lively atmosphere to the area. Local dining gems like Trio’s Restaurant offer residents gourmet meals with a focus on fresh, seasonal ingredients. Getting around Parkway Place is convenient, with easy access to the Interstate 630, providing quick routes to downtown and other parts of the city. Additionally, the neighborhood’s pedestrian-friendly design and bike lanes make it easy for residents to enjoy a walk or bike ride to nearby attractions and amenities.
Methodology: Whether a neighborhood has an average 1-bedroom rent price over the city’s average. Average rental data from Rent.com in June 2024.
Inside: The answer is so obvious! Stop the assumptions with the 3 percent or 4 percent rule of retirement. Learn how much money to save for retirement today.
We all know that saving money for retirement is something we should do.
Maybe you are contributing the minimum to your 401K through work to get the match. Possibly saving money in a Roth IRA.
But, are you truly saving enough for retirement?
More than likely not.
Don’t feel like you are alone. According to a new study, only half of households actually have money saved in retirement accounts. The good news for those who have saved is the dollar amount saved for retirement has been increasing in the past 10 years.
Here is the real reason you don’t save for retirement… you have absolutely no clue how much money you need to be saved to retire.
You have tried to use all of the online retirement calculators from all of the big companies. Your results are millions of dollars different. You have no clue where to start, or what to believe.
And then you just get unmotivated because you’re like there’s absolutely no way I can make that dollar amount work.
So, What is Our Retirement Number
Personally, I completely get it this is a conversation. My husband and I have had it for years.
What is our retirement number?
What amount do we need to retire with?
And honestly, even can I actually save that much before I am too old to work?
It is all a complete unknown, it is a best-guess scenario.
There is absolutely no way for you to truly understand how much you need because there are so many things that go into it, including inflation, your savings rate, your withdrawal rate, and your anticipated expenses. So there’s a lot of variables and that’s when the variables get too confusing you don’t know which way to start.
One Guaranteed Truth…
The financial advisors believe they are the know-all-be-all with their calculations while charging you an asset management fee that is putting a drag on your overall portfolio.
And then October 27, 2020, Bill Bengen announced that instead of using the 4% rule is outdated, and now you can use a 5% rule. (Bill Bengan is a financial advisor who made the 4% rule of thumb famous 25 years ago.) So, this latest information just throws a curveball into everything that has previously been used for the past 25 years, and now you’re left wondering…
Well, I have no idea what is the proper amount I need to save for retirement.
Do you know what the amount that you need to save for retirement is?
So, let’s dig in for a little bit and we’re gonna talk about the three different percentages that are talked about the most. It’s the 3% rule, the 4% rule, and the 5% rule is one better than another. We’ll debate that and shortly.
How does Withdrawal Rate work?
But first of all, you have to realize that not everything works the way you want, so let’s show some examples before we dig into the specifics of the different rules.
Basically, the whole concept is if you save $1 million and you start withdrawing either 3%, 4%, or 5%. That withdrawal amount is the amount of income that you would live on each and every year, while the rest of your portfolio is continuing to grow and increase in value.
The ultimate, perfect-scenario goal is that you would withdraw as much as you possibly could without depleting the portfolio.
Withdrawal Rate Example:
Here are the assumptions:
Plan to spend $50,000 a year
7% rate of return on your money
Age doesn’t matter and not accounting for taxes or inflation (we want to keep this simple)
The amount you would need to save based on each of the withdrawal rates:
3 percent rule, you would need: $1,666,667
4 percent rule, you would need: $1,250,000
5 percent rule, you would need: $1,000,000
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The Withdrawal Rate Confusion
In our example, we used simple calculations that don’t account for age, taxes, or inflation and the amount you need to save for retirement is $666,667 different.
The numbers are too much for the average person to understand and have faith in.
This is why the confusion on how much to save for retirement and what model and which retirement calculator is the best.
Shortly, we are going to give you the simple answer of how much to save for retirement. But, first, a little background on the various percent rules for retirement.
3 Percent Rule
The 3% rule has gotten very popular with the FIRE movement.
The FIRE movement is Financial Independence Retire Early.
Because most of these people aren’t looking at retiring in the normal typical retirement age of 60s, they’re looking to retire in their 30s or 40s. They feel like they need to be super conservative because they are trying to estimate how much they need each month to live off their money for possibly the next 50 years.
That’s a lot of variables that you have to take into account.
The good news is you can always learn and figure out ways to make money in retirement so it’s not a complete waste, you can always go back to work because you are younger, and have youth on your side. So, is 3% a safe withdrawal rate?
The golden advice is you want to plan for the worst but hope for the best. The goal is that 3% would cover all of your necessities and basic expenses.
4 Percent Rule
Is the 4 percent rule viable?
The 4 percent rule of retirement was made famous by Bill Bengen 25 years ago (and just recently he said that number is outdated.)
The assumptions were if you withdraw 4% of your investment account every year, you will still have enough to live on throughout retirement.
This was based on what has happened in the markets, accounted for inflation, and the age you want to retire. He conducted many possible case scenarios and concluded that by only withdrawing 4 percent will make sure your money lasts. That is why it has been what is called a golden rule for retirement.
How long will my money last using the 4% rule? If you do all the calculations, it should last for at least 30 years. Obviously, you are looking at many variables of the stock market doing well and your living expenses staying low. Once again, the other big factor is what inflation will do in the future.
So, is the 4% rule that much better?
5 Percent Rule
And then, October 2020 rolls in. The breaking news is that Bill Bengen announced the 4 percent rule for retirement is too conservative and now you can actually use 5%.
So, that leaves the average person going… Okay. My head is spinning. I’m not sure how much I need to save for retirement. What is a good number?
Can I safely withdraw 5% of my investment accounts and still have enough money? That means I need less money to retire.
Can you Overcome Why Most People don’t save for Retirement?
There are too many variables, there are too many unknowns, and they don’t understand how it all works.
That is the real reason people don’t save for retirement.
I get it. I’m there with you. I feel it. I hear it from readers. But, we are going to break down some of the key items so that way you know how much you need for retirement.
And just remember, even if you messed up your numbers, the market went down, or you want to spend more in retirement than you are, then you could always go back to work. Even better, learn how to make money online for beginners, pick up a side hustle, make a little bit of extra money, and actually do something that you truly enjoy doing.
Learn how much money should I have saved by 30.
How Much do I need to Retire?
The simple answer… aim for $1,000,000 in investment accounts.
You may be able to aim lower depending on some variables which we cover shortly.
Investment accounts can include any of the following:
401K
Roth IRA
IRA
HSA (health saving account)
Brokerage Accounts
High-interest bank accounts
Real estate
You want accounts with liquidity. Things that can be bought and sold for cash. Those are the assets we are counting on how much to retire with.
Don’t use equity in your house because you need a place to live. If you want to use equity, that is fine, but your calculations just become slightly more difficult. We want simplicity.
Right now, your money goal is to reach $1,000,000 in investment accounts. Specifically in liquid net worth.
(Of course, this number may be lower if you live in a low cost of living area, plan to move with overall lower costs or another country, or have good options with lower health care costs. There have been plenty of people who retired with less and love life.)
Based on these variables, you may just need $500,000 to retire. Or somewhere in that range.
Realistic Retirement Savings for Motivation
We shared what a realistic retirement savings amount of $1 million dollars is. Is your first reaction – yikes, there is absolutely no way I can reach that amount.
However, you can!
Just break it down into smaller chunks.
For instance, make your next goal to save $100,000. You do that 10 times and you hit that realistic retirement savings amount.
If that seems like a stretch, then break it down even further. To stay motivated you can strive to save $50K or even $20K.
Break it into bite-sized manageable pieces to help you save for retirement and stay on track.
Learn what happens if you don’t save for retirement.
Best Ways to Save for Retirement
This is the basics to start saving for retirement.
You already know much should you really save for retirement. Now, you just to need to do it.
Here is the safest way to save for retirement. First, open up one or all of these accounts (pending where you are on your money journey). Then, look at investing in S&P 500 Index funds. The most highly recommended index fund for beginners is VTSAX.
1. Contribute to 401K
This is the simplest way to start saving.
Make sure you are contributing at least the minimum to your employer’s 401K.
Every year you can contribute up to a maximum amount. In 2023, an employee can contribute $22,500 to their 401k (the employer is eligible to contribute as well for a combined amount not to exceed $66,000 or 100% of your compensation, whichever is less). For the latest contribution limits, check out the IRS site.
Each year, increase your percentage by 1%. A simple way to reach maxing out your 401K.
Pro Tip: Check if your employer offers a ROTH IRA option. These are becoming more and more popular with companies. A Roth 401K will let your money grow tax-free because you pay taxes when you contribute money. If they don’t offer one, pester the human resources department.
2. Open Roth IRA
The next best option is the ROTH IRA. You want to contribute to a Roth IRA because you pay taxes upfront rather than at withdrawal like a traditional IRA.
Since ROTH IRAs have tax advantages, there are also contribution limits set by the IRS. The contribution amounts have remained the same for a couple of years now. The annual contribution limit is $6,000 per year, or $7,000 if you’re age 50 or older.
The downside to Roth IRAs… the amount you can contribute may be limited based on your income and filing status. However, for the average American, you should be able to max out the amount you can save each year.
Learn if can you have multiple Roth IRAs as it may be a smart financial move.
Pro Tip: Even if one spouse is a stay-at-home parent, you can still contribute to a Roth IRA for the non-working spouse.
3. Health Savings Account
Say what? Yes, a health savings account is on the list as a way to save for retirement. It is a great way to grow your money tax-free going in and on withdrawals.
You must have a High Deductible Health Insurance Plan to open a health savings account.
This is something you want to do and contribute the maximum amount each year. For 2023, you can contribute $3,850 for individuals and $7,750 for family coverage. Typically, the limits go up $50 each year, which helps you save more every year.
Pro Tip: This account will stay with you even when you leave your current employer and insurance. Plus you can use the HSA funds forever – even to pay Medicaid premiums. (Hopefully, nothing changes on these tax-advantaged accounts).
4. Traditional Brokerage Account
The last avenue has no tax benefits, but you are still saving money to be used later. That is what really matters.
Since there are no tax advantages to these basic brokerage amounts, there also are no limits on how much you can contribute.
This is where you would save the remaining money after you exhausted all the other methods listed above.
Side Note…
Yes, there are other ways to save for retirement. For this post and the average investor, the above-mentioned accounts are a great place to start. Once you become savvier and want to invest more money, then you can look at back door IRAs, 529s, or whole life insurance.
Saved $1 million for retirement, Now What?
Once you reach that 1 million dollars retirement mark, congratulations!!
That is a huge milestone that many people never reach. So, what is the next step?
Now, that you are closer to finally being able to live off your investments, you must start to look at the retirement calculators more seriously and factor in all of those variables (age, taxes, and inflation). It is much easier to predict the future once you have built a solid nest age and are closer to living off your investments.
Everyone started the financial independence journey at a different age and will reach their million-dollar mark at different times.
For the average person, you know learned how to save for retirement. You know what you need to do and where to start.
In this post, we took out all of the confusion on how much to save for retirement. Don’t worry about is the 4 percent rule is viable – or if it should be the 3 percent rule or the new 5% rule. The assumptions and variables will hold you back from starting. You know the dollar amount to start with, move on with that.
This simple advice for hitting your first milestone is the motivation to keep you going. Along the way, you will become savvier with finances and investing.
When it is time to move to the question of “can I retire” at such and such age, you have already taken out many of the variables, and the decision becomes more and more clear.
Take steps to reach that $1000000 mark today.
Get ahead now…
Know someone else that needs this, too? Then, please share!!
Did the post resonate with you?
More importantly, did I answer the questions you have about this topic? Let me know in the comments if I can help in some other way!
Your comments are not just welcomed; they’re an integral part of our community. Let’s continue the conversation and explore how these ideas align with your journey towards Money Bliss.
As the temperatures heat up across the country, many of us will desire to spend more time outside. However, if you don’t have any outside space, you should consider sprucing up your home decor for the summer.
A warm summer refresh is always a good idea and easy to do. To add light and warmth to your home, you can change your color scheme, focusing on light fabrics and elevated and colorful decor. This technique will transform your home or specific areas into a summery haven and oasis. Or you can incorporate the outdoor space into an indoor-outdoor space by mixing patio seating, lighting fixtures, and colorful rugs.
However, when you decide to refresh your space, you should aim to be creative and intentional and add exciting color palettes like indigo blues, creamy oranges, and electrifying magentas. Check out some low-lift home decor ideas to transform your space for the summer below.
Pair down your decor: I love mid-century modern interior design because of its sleek and contemporary design. Choose creams, whites, and decor accessories like throw pillows and geometric-shaped sculptures to add a classic summer look to your decor. Add some visual interest to your space!
Lean into jewel tones: Colors like magenta, sapphire blue, and dewy yellows work perfectly for a summer theme. Those colors add character to any space and work well with subdued colors like white, cream, and beige. Try incorporating jewel-toned throw pillows or a vase to ease your way into using the color scheme.
Adjust your window treatments: Adding a lot of light is one easy way to make your home more summery. Pull back the curtains or change them altogether. Instead of heavy window treatments, opt for flowy or light ones.
Bring in beachy elements: Bring the sea to your home. Leverage nautical decor to make your home into a chic beach house! Navy, blue, white, and cream with seashells should do the trick.
Leverage wicker: Wicker decor adds flair and earthiness to your home. You can even use a wicker tray server for your breakfast nook.
Add florals: Florals add fun to any space, especially in the summertime! Be sure to keep some beautiful floral arrangements in your home this summer.
Richly textured, colourful, comfortable and full of character, the country house style – whether you live in a Chelsea mansion flat or a rural farmhouse – has returned to form in 2024. Fuelled by the recent screen successes of Saltburn and The Gentlemen via Bridgerton, there’s a distinctive move away from safe neutrals and neat silhouettes towards an old-money aesthetic of verdure tapestries hung on the walls, layers of oriental rugs on wooden floors, gilt framed portraits in oils and drawing room shelves showing off Grand Tour-style collected treasures.
Country-house tastemakers
Of all the decorators in operation today, Sibyl Colefax & John Fowler is recognised worldwide for its art in capturing English country-house design whether the firm is working on a house in London, Oxfordshire or deep in the Catskill mountains of New York state. Ironically, its story began with an American, Nancy Lancaster, who joined forces with rising star of interior decorating John Fowler just before the outbreak of the Second World War in 1938. “John’s meticulous attention to historical detail – scraping back paint to find the original colours of the walls – was tempered by Nancy’s irreverence for grandeur and her ability to make imposing rooms beautiful, and also incredibly comfortable,” explains the firm’s joint managing director, Emma Burns. “At the heart of the country house aesthetic is the opportunity for everyday life to play out uninterrupted – spaces where a stray newspaper or a forgotten cup of coffee doesn’t look out of place but rather fits in perfectly. It’s generous, beautiful rooms that aren’t disrupted when a dog jumps on the sofa or 20 teenagers rock up unexpectedly to chill.” Her must-have elements include deep, comfy sofas and armchairs, updated over time with loose covers and cushions, as well as good lamps, baskets filled with logs, and coffee tables piled high with books. “It’s about comfort first and foremost.”
A well-decorated room must look effortlessly balanced, no matter how much hard work has gone into it,” say Will Fisher and Charlotte Freemantle of Jamb, the Pimlico Road emporium which is a go-to destination for those wanting to achieve the country-house look. “For us, the focal point of the room will always be the chimneypiece anchored on a hearth. It doesn’t need to be flanked on either side by a matching piece of furniture, the balance can be created instead by the proportion and scale being mirrored either side. Colour is equally important. A marble bust and a vellum lampshade could hardly be more different and yet because they’re the same tone, there’s potential in their ability to balance a room.”
This approach is being embraced and tweaked by a new generation of decorators. Octavia Dickinson agrees that comfort is fundamental to country- house style. “I often approach a room like a beautiful painting, combining colours, textures and shapes in ways which delight the senses but never jar,” she says. “I like to make grand rooms feel less grand or vice versa and most importantly, comfortable; it’s home, after all!” Fabrics, too, want to be soft and flowing, with lots of florals and a mix of patterns that feel like they’ve been collected over time, she adds. Use natural finishes such as unlacquered antique brass, which weathers over time.
Henry Prideaux, who worked for Nicky Haslam and others before establishing his own practice, is known for his classic–meets–contemporary style. His approach is to rework the main country- house design tropes of florals, loose covers and antique furniture in an updated way. “Incorporate decorative trims and wallpaper borders to add detail. For example, I use grosgrain ribbon or patterned paper borders applied to frame doorways and embellish cornicing. Modern artwork and decorative lighting are also ways of adapting traditional country-house design for today.”
An escape to the country often conjures the image of a historic property with space to breathe; in old houses, this is particularly true of the bathroom, which is usually converted from a former bedroom. “For a bathroom that meets the brief, think freestanding,” says James Lentaigne, creative director of Drummonds. “Clawfoot baths are perfect for a long soak while gazing out at the garden, while freestanding showers and towel rails are also overwhelmingly popular. They have a certain historical grandeur but – most importantly – they sit harmoniously in the room without disrupting its character.”
Drummonds has also seen an increase over the last year in bathrooms designed for couples; a space to catch up during the morning and evening routine. “We’re increasingly selling double vanity basins, double showers and even side-by-side baths, particularly in country homes.”
Finally, decorating a classic country house today means listening both to it and the client’s needs, says interior designer Flora Soames. “A house in the English countryside often speaks to me more than anywhere else in the world. It sets the boundaries within which you can play. But do push these boundaries with colour, pattern, playing with scale and introducing the unexpected; that is where it starts to become interesting.”
A modern country house in London
When a French family relocated from America to Kensington, they appointed the multidisciplinary creative studio OWN London to renovate their outdated four-storey house. The resulting fusion of art, colour and functionality is a fun-filled and updated interpretation of country-house character distilled into an urban format.
Associate director of interior design Alicia Meireles was responsible for the decorative schemes throughout the house. These range from slipcover chairs in a jaunty red-and-blue striped fabric by Studio Atkinson, a banquette upholstered in a Flora Soames design and console tables with bobbin legs by Alfred Newall. In a nod to the country houses of yesteryear, the team introduced a dumb waiter from the kitchen in the lower ground floor to the dining room on the raised ground floor.
Other country house elements which are increasingly finding their way into London properties include what once would have been called “domestic offices” such as laundry rooms, pantries and boot rooms. Typically, these will be located on the lower-ground floor. Nicky Dobree recently designed a boot room and laundry room in the basement of a London house. “It’s a luxury if space allows. We used Humphrey Munson and introduced fabrics to add layers and soften the timber.”
Country homes moodboard
Get stately pile style with rich textures and prints alongside generous fittings and fixtures.
The London Magazine celebrates prime property and luxury lifestyle in the world’s greatest city. Read the latest issue online.
The capital city of North Carolina, Raleigh, has a lot to offer residents. If you’re looking to rent an apartment in Raleigh, the average rent for a one-bedroom apartment is $1,384. If you’re curious about Raleigh’s most expensive neighborhoods, then you’re in the right place. ApartmentGuide has gathered a list of the top neighborhoods to rent an apartment in this year, including the luxurious Brier Creek Country Club and the picturesque Cameron Village. Read on to find out what areas made the list.
13 Most Expensive Neighborhoods in Raleigh
From the lush greenery of Oberlin Village to the galleries of Moore Square, there are plenty of exciting neighborhoods in Raleigh. Whether you’re looking for a luxurious home to rent in Raleigh or wondering where to live in the city, we’ve got you covered.
1. Oberlin Village 2. Fayetteville Street District 3. Hedingham 4. Brier Creek Country Club 5. Cameron Village 6. University Park 7. Wade 8. Glenwood 9. Warehouse District 10. Wilmont 11. Downtown Raleigh 12. Central Raleigh 13. Moore Square
Let’s jump in and see what these neighborhoods have to offer.
1. Oberlin Village
Average 1-bedroom rent: $2,255 Apartments for rent in Oberlin Village
Oberlin Village is the most expensive neighborhood in Raleigh, as the average rent for a one-bedroom unit is $2,255. This unique and historically rich neighborhood is characterized by its charming mix of well-preserved historic homes and modern developments. The area stands out with its beautiful tree-lined streets and a strong sense of community, evident in landmarks like the historic Oberlin Cemetery and the restored Oberlin Baptist Church. Residents enjoy easy access to attractions such as Jaycee Park, which offers playgrounds, sports fields, and a community center, fostering an active and connected lifestyle. The vibrant arts scene is highlighted by local galleries and events at the nearby Cameron Village, providing cultural enrichment. Getting around Oberlin Village is convenient, with bike-friendly streets and proximity to the Raleigh Greenway trails, encouraging outdoor activities and sustainable transportation. Additionally, the neighborhood’s location near Hillsborough Street and the NC State University campus adds a youthful and dynamic atmosphere, making Oberlin Village a distinctive and appealing place to live.
2. Fayetteville Street District
Average 1-bedroom rent: $2,100 Apartments for rent in Fayetteville Street District
The Fayetteville Street District in Raleigh stands out as the city’s vibrant core, known for its blend of historic and contemporary architecture lining the iconic, tree-shaded Fayetteville Street. The neighborhood is a hub of activity, featuring landmarks like the Martin Marietta Center for the Performing Arts and the North Carolina State Capitol, which attract residents and visitors alike. Cultural attractions such as Artspace, a thriving visual arts center housed in a historic building, and the Raleigh City Museum enrich the local cultural scene. The area’s bustling atmosphere is complemented by a variety of locally-owned restaurants and cafes, such as Beasley’s Chicken + Honey, offering residents unique dining experiences. Getting around is easy, with the GoRaleigh bus system providing extensive routes and the walkable nature of the district encouraging pedestrian exploration. Events like the annual Hopscotch Music Festival and Downtown Raleigh Food Truck Rodeo make the Fayetteville Street District a lively and engaging neighborhood, distinct in its combination of history, culture, and urban energy.
3. Hedingham
Average 1-bedroom rent: $2,091 Apartments for rent in Hedingham
With an average one-bedroom rent of $2,091, Hedingham is the third most expensive neighborhood in Raleigh. The neighborhood is distinguished by its scenic golf course and resort-like amenities. The area features beautifully landscaped streets and homes nestled around the Hedingham Golf Club, offering residents picturesque views and a luxurious living experience. Attractions such as the Neuse River Greenway Trail provide ample opportunities for outdoor activities like biking, hiking, and kayaking, promoting an active lifestyle. Residents also enjoy access to the community’s fitness center, swimming pools, and tennis courts, fostering a sense of community and wellness. Getting around Hedingham is convenient with well-maintained roads and close proximity to major highways like I-540, ensuring easy commutes to other parts of Raleigh.
4. Brier Creek Country Club
Average 1-bedroom rent: $2,071 Apartments for rent in Brier Creek Country Club
Brier Creek Country Club is the next most expensive neighborhood in Raleigh. The neighborhood stands out for its luxurious amenities and meticulously designed landscape, centered around the prestigious Brier Creek Country Club golf course. This exclusive community features elegant homes with beautiful architectural details, surrounded by lush greenery and scenic views. Residents enjoy top-tier amenities, including a grand clubhouse, fine dining at The Grille Room, and a state-of-the-art fitness center. The neighborhood also boasts extensive recreational facilities such as tennis courts, swimming pools, and walking trails, catering to a range of active lifestyles. Conveniently located near Raleigh-Durham International Airport and major highways like I-540 and US-70, Brier Creek offers easy access to the broader Triangle area.
5. Cameron Village
Average 1-bedroom rent: $2,050 Apartments for rent in Cameron Village
Cameron Village in Raleigh is renowned for its vibrant mix of historic charm and modern amenities, creating a unique living experience. The neighborhood is home to the iconic Village District Shopping Center, a local favorite offering a variety of boutique shops, upscale dining options, and community events. Architectural diversity is evident, with beautifully preserved mid-century homes alongside contemporary apartments, providing a range of housing styles. The nearby Fletcher Park, with its lush gardens, walking trails, and playgrounds, offers residents a serene green space for relaxation and recreation. Public transportation is easily accessible, with several bus routes connecting Cameron Village to downtown Raleigh and other key areas.
6. University Park
Average 1-bedroom rent: $1,976 Apartments for rent in University Park
Next up is University Park, the sixth most expensive neighborhood in Raleigh. Located near North Carolina State University, the area buzzes with academic energy and offers residents a mix of collegiate events and cultural activities. The neighborhood’s centerpiece, Pullen Park, features a historic carousel, train rides, and beautiful gardens, making it a favorite spot for families and outdoor enthusiasts. University Park is also home to the vibrant Hillsborough Street corridor, where unique eateries like Irregardless Café and local coffee shops like Jubala Coffee attract both residents and visitors. The neighborhood’s walkability and bike-friendly streets, along with convenient access to public transit options like the Wolfline and GoRaleigh buses, make getting around easy.
7. Wade
Average 1-bedroom rent: $1,950 Apartments for rent in Wade
The Wade neighborhood in Raleigh stands out for its blend of historic charm and modern conveniences. Known for its beautiful tree-lined streets and well-preserved early 20th-century homes, Wade offers a picturesque setting that is unique to Raleigh. Residents enjoy easy access to the nearby Pullen Park, one of the oldest amusement parks in the U.S., featuring a historic carousel, playgrounds, and boating. The neighborhood is also close to the North Carolina Museum of Art, which offers extensive galleries and outdoor trails filled with sculptures. Local eateries like Neuse River Brewing offer residents craft beers and gourmet dining in a cozy setting. Wade’s central location ensures convenient transportation options, with easy access to major roads and public transit, making commutes to downtown Raleigh and other areas seamless.
8. Glenwood
Average 1-bedroom rent: $1,929 Apartments for rent in Glenwood
Glenwood takes the eighth spot on our list of most expensive neighborhoods in Raleigh. It is renowned for the bustling Glenwood Avenue, which is lined with an array of independent shops, art galleries, and locally-owned restaurants like Layered Criossanterie known for its breakfast dishes. The neighborhood’s rich history is evident in its well-preserved early 20th-century homes, adding a unique architectural character to the area. Residents enjoy the nearby Fred Fletcher Park, offering lush green spaces, walking trails, and sports facilities for outdoor activities. The Glenwood South nightlife district adds to the appeal, with venues such as C. Grace, a speakeasy-style jazz club, providing entertainment options. Convenient public transportation and pedestrian-friendly streets make it easy for residents to navigate the neighborhood and connect with the broader Raleigh community.
9. Warehouse District
Average 1-bedroom rent: $1,752 Apartments for rent in Warehouse District
The Warehouse District in Raleigh stands out for its dynamic blend of historic industrial buildings and contemporary urban culture. This neighborhood is a hub for creativity, featuring unique attractions like CAM Raleigh, a contemporary art museum housed in a converted warehouse, and Videri Chocolate Factory, where visitors can tour the artisanal chocolate-making process. The area is dotted with innovative eateries such as Morgan Street Food Hall, which offers a variety of local food vendors in a lively, communal setting. Nightlife thrives here, with venues like The Pour House Music Hall & Record Shop providing a space for live music and local bands. Getting around is easy with the R-Line, a free downtown circulator bus that connects the Warehouse District to other key areas of Raleigh.
10. Wilmont
Average 1-bedroom rent: $1,750 Apartments for rent in Wilmont
The tenth most expensive neighborhood in Raleigh is Wilmont. Known for its tree-lined streets and charming mid-century homes, Wilmont offers a peaceful retreat while being just a short distance from the bustling Hillsborough Street corridor. Residents have easy access to the Raleigh Little Theatre and Rose Garden, a cultural gem featuring performances and beautifully landscaped gardens. The neighborhood’s close-knit community is enhanced by local favorites like Neuse River Brewing Company, offering craft beers and a welcoming environment. Transportation is convenient with well-connected roads and nearby public transit options, making it easy to commute to downtown Raleigh and other areas.
11. Downtown Raleigh
Average 1-bedroom rent: $1,732 Apartments for rent in Downtown Raleigh
Number 11 on our list is Downtown Raleigh. It is home to landmarks like the North Carolina State Capitol and the Martin Marietta Center for the Performing Arts, which host a variety of cultural events and performances. The area is known for its thriving arts scene, exemplified by local galleries and the Contemporary Art Museum (CAM Raleigh). Residents enjoy an array of dining options, such as Bida Manda, which offers authentic Laotian cuisine. The neighborhood is highly walkable and bike-friendly, with easy access to public transportation, including the GoRaleigh bus system and the new Raleigh Union Station.
12. Central Raleigh
Average 1-bedroom rent: $1,732 Apartments for rent in Central Raleigh
Taking the 12th spot is Central Raleigh. It features beautifully preserved historic homes alongside contemporary residences, creating a unique blend of old and new. Attractions like the North Carolina Museum of Natural Sciences and the North Carolina Museum of History offer enriching experiences and educational opportunities. Central Raleigh’s culinary scene is diverse, with local favorites such as Poole’s Diner, known for its upscale comfort food, and the culinary innovation at Second Empire Restaurant and Tavern. The neighborhood is well-connected by the GoRaleigh bus system and features bike-friendly streets, making it easy for residents to navigate the area.
13. Moore Square
Average 1-bedroom rent: $1,732 Apartments for rent in Moore Square
Moore Square the final neighborhood on our list. At its heart is Moore Square Park, a historic green space that hosts numerous community events, concerts, and farmers’ markets. The area is also home to the City Market, a charming collection of local shops and eateries, including the popular Big Ed’s Restaurant, known for its hearty Southern breakfasts. Art lovers can visit Artspace, a visual arts center housed in a historic building, offering galleries, artist studios, and educational programs. The neighborhood’s walkability is enhanced by well-maintained sidewalks and access to public transportation, such as the GoRaleigh bus service, making it easy for residents to navigate the city.
Methodology: Whether a neighborhood has an average 1-bedroom rent price over the city’s average. Average rental data from Rent.com in June 2024.
Sarah Wheeler: Let’s talk about technology’s role in making these things easier for even smaller lenders. To that point, let’s talk about the new CFPB rule around AVMs.
Rohit Chopra: I think appraisals are such a big issue. We want to make sure, and we saw this, you know, 15, 20 years ago — the problems with overvaluation. And then we’ve also seen issues when it comes to appraisal bias and other issues of undervaluation. We really need accurate appraisals. And that’s really how the CFPB thinks about it. And of course, human appraisals and machine-driven appraisals are going to be part of the market.
So one of the things we’ve done is try to make sure that those algorithmic-based appraisals, particularly as there’s going to be advances in artificial intelligence, really have some checks on them when it comes to conflicts of interests, when it comes to bias. And I think we’ve put forward something pretty common sense to make sure that artificial intelligence and algorithms don’t just favor some people over others.
SW: I think that AVMs are one of those issues that we can really understand, common sense-wise. If you think about all of the properties that were valued during the refi boom — so many properties went through that process and we now have a lot of information on them. How does that figure into what you want to do with AVMs?
RC: I think our work on AVMs is really just about accuracy, but I think you’re asking more broadly about the role of technology and how automation is really going to be even more part of the plumbing of the mortgage system.
I think we heard a lot of concern around some of the big vendor and software technology mergers and consolidation. We always are hearing from mortgage lenders about ICE. I think there is a growing power of a lot of these big technology providers and that’s not unique to mortgage. We’re seeing that with small banks, who are very dependent on a couple of big software platforms. We see it with auto dealers. We see it in all corners of the economy.
And I think the big question is: who’s really going to benefit from automation? Are those benefits going to be broadly shared with consumers and lenders? Or is it just going to create a couple more gatekeepers who can levy a tax on every single mortgage in the country?
SW: What do you think the CFPB’s role in that is, as you see it? The ICE merger, for instance, was approved with some changes that they made — rolling out some different parts of the Black Knight universe to other companies. So what do you think the CFPB’s role in that is?
RC: Well, understanding mortgage tech is really key. And one thing I’m hoping that more in the mortgage industry can help us think through is: what is the digital future of the mortgage market? And as many of you know, the CFPB has been putting into place more rules to promote what’s known as open banking.
Open banking is the possibility of having a more frictionless and more competitive banking system for financial products. We have started that process by giving consumers the right to permission their bank account data, their transaction account data, to permission it to various types of lenders. But we’re trying to think about ways to make the mortgage system benefit from open technologies.
One of the ways we might address the issue of the price gouging on credit reports and credit scores is maybe thinking about how consumers may be able to permission their credit reporting information directly to lenders or to be able to provide their cash flow in new ways to lenders to provide for different ways of underwriting.
There’s so much of this already going on in the industry today and I think we want to make sure we’re supporting all the efforts that are helping consumers and lenders, but not just concentrating power in a couple of big technology companies.
Despite the industrywide drop in volume, four of the top 10 reverse mortgage lenders in the country recorded gains in June.
Finance of America (FOA) added 4.1% to its endorsement tally to finish at 534 loans, after lagging behind Mutual of Omaha Mortgage in recent months. Guild Mortgage also posted a gain of 19.1% to 56 loans, while South River Mortgage and HighTechLending also managed positive growth in June.
When asked if the decline in case numbers could lead to a more tepid summer of originations, RMI President John Lunde said it was likely.
“From a case number perspective I don’t think we’ll see dramatic growth in endorsements this summer, but more of a sideways action in the recent range,” he said.
Each type of reverse mortgage use case also declined in June. “Equity takeout” loans — reverse mortgages that are neither purchases nor refinances — dropped by 4.8% from May. Purchases fell by 10.8%, while HECM-to-HECM refinances saw a large drop of 27.5%.
“It doesn’t surprise me that refis declined since it was likely driven primarily by the lending limit increase earlier this year, which was always a very limited opportunity without rates declining significantly,” Lunde said of the data. “Purchase is one we’re watching closely with the recently implemented tweak to closing costs that we expect to open that door more fully. Equity takeout is the most stable as the largest segment so the lower volatility in May makes perfect sense.”
When asked how four of the top 10 lenders managed to avoid decreases in their endorsement totals in June, Lunde said that geography is a key predictor of how such things can play out. Individual choices that lenders make in appealing to potential clients often dictates their own performance.
“Geographic regions are usually more aligned with overall industry trends, whereas individual lenders can create significant performance gaps purely from business decisions like marketing spend increase/decreases, prioritizing or de-emphasizing endorsements from a resource perspective, or farming attractive in-house sales niches (like forward loan officer relationships or servicing portfolios),” he said.
Geographically, the region that endured the least severe drop is the industry’s most prominent one. The Pacific/Hawaii region fell by only 2.6% to 594 loans for the month.
As FOA and Mutual of Omaha continue to battle for reverse mortgage industry supremacy, Lunde and RMI will be watching closely, he said.
“I do watch with interest as these two compete for the top spot for the foreseeable future as they are very different stories,” Lunde explained. ”Mutual of Omaha has a great brand and customer base outside of reverse that provides a tailwind while FOA has led the industry for several years in wholesale and acquired the largest lender with a particular strength in retail. We’re excited to see both challenging to be the champion.”
As has been the case for a while, HMBS issuance remains at historically low levels, and is not expected to reach anywhere near the records set in 2022 by the time this year winds down, according to New View commentary that accompanied the data.
HMBS issuance fell by $29 million from May to a total of $497 million in June, but the same raw number of pools were issued in June as in May (86 pools). Among leading companies, FOA again claimed the top issuer spot with $159 million, a $2 million increase over May’s figure.
Longbridge Financial saw an $8 million month-over-month dip to $110 million, while Mutual of Omaha and PHH Mortgage Corp. — which will soon rebrand to Onity Mortgage — issued $95 million and $85 million in June, respectively.
When asked about the variance between the issuance levels of the top companies, New View partner Michael McCully said it doesn’t play much of a role.
“There is nothing to be read from any variance in issuance between the top four issuers; in the aggregate they have maintained a market share between 90% and 95% for years,” he said. “But, 11 issuers overall is over-capacity for an industry projecting to originate less than $6 billion in 2024.”
June’s original, first-participation production also saw a decline in June to $331 million, down from $361 million in May. Year over year, new loan production was substantially lower when looking at data from the same period in 2023, New View explained. Of the 86 pools issued in June, 24 were first-participation pools while 62 were tail pools with subsequent participations.
Changes on a monthly basis, McCully said, are largely immaterial.
“The industry is not in a good place with such low volume,” he said. “Let’s see how HMBS 2.0 affects the industry, and whether rates start to trend down more permanently.”
When asked about how New View is projecting issuance for the end of the year, McCully said it’s pretty simple to do.
“All else equal, doubling first half production gives a reasonable proxy for full year issuance,” he said.
New View also published updated HMBS issuer league tables for the first half of 2024, showing FOA with 31.9% of the overall market. It was followed by Longbridge (21.4%), Mutual of Omaha (18.4%), PHH (18%) and Traditional Mortgage Acceptance Corp. (3.6%).
Although the perfect day may not look the same to everyone, we’re pretty confident we’ve put together a great choose-your-own-adventure itinerary for great things to do in Salt Lake City, UT. Whether you’re visiting on vacay or just moved into your new SLC apartment, peruse this guide for having the best day ever. Imagine that classic rom-com music playing (or actually put it on as you go about the day) as you enjoy these 24 hours in Salt Lake City. And who knows, maybe you’ll enjoy our recommendations so much you’ll want to move into a new home in SLC if you haven’t already.
The first step to the perfect Salt Lake City day is by stopping at a local coffee shop and fueling up. We’ve outlined a robust day so you may need some caffeine, but if that’s not your style, a pastry for breakfast never hurt anyone.
In the heart of Salt Lake Valley, Honeysuckle Coffee Co. has two locations to choose from for your morning meal. With their specialty coffee and tea beverages, house-made pastries, and light brunch items, you’re sure to find something to enjoy. The perfect start to your day begins with “relaxing on one of the patios with an iced lavender latte and avocado toast under a striped umbrella, shaded from the sun,” describes owner Jennifer Biffert.
If you’re located in the West Jordan area, stop by Canyons Coffee for your morning sip. “Their outdoor seating is the perfect place to sip an iced latte or espresso tonic as you chat with a friend,” says co-owner Steven Swank. Espresso tonics are extremely ‘in’ right now, but they also have several classics to choose from and enjoy.
Photo courtesy of Canyons Coffee
“Located on the 900 line in Downtown Salt Lake, Loki Coffee is your friendly neighborhood specialty coffee shop serving up your classic coffee & espresso drinks,” says Loki’s Helen. Here you can find an array of pastries, breakfast items, desserts, and seasonal and signature drinks alongside a serving of hospitality and community. If you happen to have more time in your day or don’t see something that piques your interest in this itinerary, consider coming back here for one of their classes, community bike rides, coffee demos, or other community-focused events.
For the first half of the afternoon, pick a Salt Lake City neighborhood and explore! Pop into local shops for a new outfit, gifts for friends back home, or decor for your SLC rental home, grab another coffee (we don’t judge), and really get a sense of the unique character each neighborhood offers.
According to Steven Vargo of Vargo Photography, “Locals know 900 South is where it’s at.” He suggests a walk or bike ride (easy to rent) along the newly paved bike paths to explore all this long street has to offer. His favorites include The Pearl, Water Witch, and Central 9th Market for food or drink, The Stockist, Acre, and Essential Photo Supply for shopping, and Liberty Park, The Whale Art Installation Roundabout, Tracy Aviary, and 9th West Peace Gardens for things to see.
If you’re looking to explore a more “hippie” area with that Salt Lake artisan flair, look no further than the Sugar House District. This area has incredible local art galleries, bookstores, and boutiques to explore – all of which have that diverse and eclectic feel. For a break in between stores or after a little shopping extravaganza, stopping at Sugar House Park is a must. This park features several acres of luscious hills, trees, a picturesque lake, and a gorgeous view of the Wasatch Mountains making it the perfect afternoon spot.
Located in Downtown Salt Lake City, the Historic Trolley Square is a great way to spend the afternoon. Originally the home of the Utah Light and Rail Company’s trolley cars, this area now features several stores while also maintaining the beautiful architecture, nostalgic ambiance, and preserved history of the area. While we of course recommend strolling in and out of local boutiques, we can’t suggest paying a visit to the Trolley History Museum or taking a tour of the Trolley Square Tower enough.
After hours of exploring, it’s time to stop for a break and recharge (yourself and your cell phone). Although there are several sweet little treats and sweet little spots to choose from, try one of the options below!
Sweet sodas
Utah is known for its soda shops, so stopping for a fizzy drink is a must. Thirst Drinks is a SLC staple and has been in the community for over eight years. Located in the heart of Downtown Salt Lake City, this shop not only has mixed sodas, but also some tasty bites like fresh baked soft pretzels, beignets, and popcorn (which is free)!
Photo courtesy of Thirst Drinks
In the walkable Harvard/Yale neighborhood, Crema Coffee & Soda is a hub for residents. This spot serves up infamous Utah dirty sodas alongside locally roasted coffees, espressos, and a variety of treats. “With its cozy outdoor patio and convenient drive-thru, Crema has a combination of offerings that is sure to delight,” says Crema’s John.
If you’re looking for even more of a grab-and-go option, you can pick up SodaBeers at all local grocery stores and head to a park to decompress and recharge for the next activity. These alcohol-free craft sodas are a local favorite that offer a “taste of tradition and community spirit in every sip,” says CEO Ashley Simmons. She especially recommends their award-winning apple flavor to enjoy on your perfect day.
Best (alcoholic) bevies
If you’re more in the mood for an alcoholic beer or cocktail, we have a couple great spots to head to – as long as you’re over 21. These spots are uber fun and the perfect way to enjoy your day the adult way.
Our first recommendation is none other than Kiitos Brewing in Downtown Salt Lake City. Blogger Georgina D’Angelo of Alpacka My Bags notes that Kiitos Brewing is the perfect place to wind down: “with a wide selection of beers brewed in-house and friendly staff, Kiitos offers a relaxed, welcoming atmosphere.” This spot also has a variety of pinball machines to enjoy alongside your brew.
Photo courtesy of Alpacka My Bags
If you’re craving something a little more upscale or want to bar-hop, we suggest stopping by UnderCurrent Bar. Also just a couple blocks outside Downtown Salt Lake City, UnderCurrent is a casual bar with an original and classic cocktail program. “We feature seasonal craft cocktails, a unique spirit collection, oysters, and other small bites,” says general manager Lyssa Story. We especially recommend checking out their Farmers Market Series for drinks and dishes made with local ingredients, but be warned, you may not be able to get your new favorite cocktail again since this menu rotates weekly.
In our eyes, the perfect day includes a little bit of art. After all, art is such a great way to immerse yourself in a city’s culture. Whether it’s taking a class to learn a new craft or catching a show to get a feel of the local music scene, taking a moment for art is a great way to start winding down the day.
Create at a community art class
With several different art options to choose from, The Art Cottage is the perfect way to spend part of your day. Located at the Gardner Village Shopping Center in West Jordan, this charming art studio “provide(s) art classes for all ages, fun paint parties, and delicious gelato to enjoy,” says owner Kayley Miller. They offer a variety of classes like watercolor, acrylic, and clay alongside unique and affordable art, art-related gifts, and art kits if you want to take some of that art magic back home with you.
Photo courtesy of The Art Cottage
Located in the Rose Park neighborhood, the Clever Cucumber is Salt Lake City’s free community art studio. Available to all, they invite you to “come work on any creative project in the company of new friends during Open Studio, or try one of their classes like stained glass or printmaking,” says director and teaching artist Kate Jarman Gates. If a class isn’t your speed for the day, they have a “free makerspace full of unique equipment and supplies, and a professional artist always on hand to help,” making it the perfect place to let your creativity run free.
See a stunning show
For all you music lovers, the Sandy Amphitheater is THE place in SLC for a concert experience. This venue “offers a wide variety of concerts and events not found anywhere else in Utah – from large national tours and music icons, to local music artists, to free community events,” says Elyse George, head of marketing and development. This venue is not only an award-winning outdoor amphitheater, but also has stunning views of the “Wasatch Mountains to the east and…sunset over the Salt Lake Valley to the west.” Whether you’re into rock or indie, you’re sure to enjoy the show as there really isn’t a bad seat in the house.
Photo courtesy of Sandy Amphitheater
We assume the day’s activities have worked up quite the appetite, so our last stop is supper. We’ve compiled six great dining options below, but feel free to pick two and go to one earlier for lunch instead – after all, it’s your perfect Salt Lake City day.
Our first restaurant recommendation comes from SLC Bookkeeping, a Salt Lake City bookkeeping service. Marketing director Austin Walker raves about Red Iguana on North Temple, especially for large dinners: “Their food is incredible. We purchase mole by the bucket. Even if there is a wait, so what? It’s absolutely worth it every. Single. Time.” Voted the best Mexican restaurant in SLC 25 years in a row, this spot not only serves the especially coveted mole, but also authentic Mexican food and killer cocktails.
If you’re more in the mood for Italian, Caffé Molise in Downtown Salt Lake City is truly one of the best. Great for both lunch and dinner, this place offers “fresh Italian cuisine inspired by the Molise region of Italy since 1993,” according to Caffé Molise management’s Carol. This full service restaurant focuses on regional specialties and uses local ingredients. Whether you’re at a table in the dining room or on the garden patio, we especially recommend hitting up this place on a Friday evening for their live jazz with the John Flanders Trio. You really can’t go wrong with a great Italian dish, a glass of wine (if you’re drinking), and some smooth jazz.
Photo courtesy of Caffé Molise
The SLC Eatery located in Downtown Salt Lake City has a rotating menu full of flavor. This small local restaurant creates contemporary comfort food like ricotta dumplings, french onion croquettes, and yuzu curd cake to name a few. If you can’t make it for dinner, they also offer brunch with favorites such as their Utah scone, kimchi rice bowl, and tres leches french toast. With their tasty menu, you’re sure to find something you love– and maybe are willing to share with your dinner/brunch partners.
Wherever your day leads you, Taqueria 27 has your Mexican cravings covered with five locations across the Wasatch front. This joint makes a point to use fresh ingredients with their cooks preparing meals fresh to order. We especially recommend checking out their taco bar and peeping at their taco, guacamole, cocktail, and dessert of the day.
Located in the 9th and 9th neighborhood, Pago has been serving seasonal New American Cuisine since 2009. Their innovative farm-to-table cuisine and world-class wine program has earned them several local and national titles like Best Wine Restaurants in the Country (from Wine Enthusiast) and Best Restaurant in Utah (from SL Magazine). This place celebrates small production, local ingredients, and sustainability which can be seen through every incredible dish.
Photo courtesy of Pago
Our last dinner recommendation is none other than Zest Kitchen & Bar located in Downtown Salt Lake City. We especially suggest this place if you subscribe to the vegan lifestyle since they offer healthy plant-based fare made with fresh locally sourced ingredients. If you’re dining alfresco in their outdoor space, owner Rahul Vaidya assures that your thirst will be quenched with their array of freshly squeezed juices or craft cocktails. He also suggests “treat[ing] yourself to our decadent dairy-free desserts,” like strawberry bundt cake or chocolate raspberry tart to finish your meal on a sweet note.
We hope you enjoyed our recommendations and found some things to do in Salt Lake City, Utah. Whether you’ve purchased a new trinket in 900 South, got a sugar rush from a soda, learned a new art skill, or have some dinner leftovers for later, our aim is that your main takeaway was some unforgettable memories. So, if you’ve lived in SLC for ages, just moved, want to (we’d love to help), or were just visiting, we’re happy to have played a role in your perfect Salt Lake City day.
From the architectural marvels of the Windy City to the historic charm of Springfield, Illinois is a state bursting with attractions. But what is Illinois known for? Whether you’re considering renting a home in Shelbyville, looking to settle into an apartment in Peoria, or just planning a visit, you’ll soon find that Illinois has much more to offer than meets the eye. In this article, we’ll dive into what makes Illinois truly special and why so many people are drawn to this dynamic state.
1. The Magnificent Mile
The Magnificent Mile in Chicago stands as one of Illinois’ most iconic landmarks. This bustling section of Michigan Avenue stretches for 13 blocks, offering a premier shopping experience with over 460 stores. Sightseers flock to see landmarks like the historic Water Tower and the John Hancock Center, which provides stunning views from its observation deck. Besides shopping, the area features upscale restaurants and world-class hotels, making it a memorable destination for anyone in the state.
2. Deep dish pizza
Illinois, particularly Chicago, is renowned for its delectable deep dish pizza. This pie features a thick, buttery crust filled with layers of cheese, chunky tomato sauce, and various toppings. Pizzerias like Giordano’s, Lou Malnati’s, and Pequod’s have become household names, drawing food enthusiasts from around the globe. Unlike other pizzas, this one is eaten with a fork and knife, making each bite a savory experience. Locals and visitors alike enjoy deep dish pizza, often considering it a must-try dish when in Illinois.
3. The Illinois State Fair
Held annually in Springfield, the Illinois State Fair is a highlight of the state’s cultural calendar. This event dates back to 1853 and celebrates Illinois’ agricultural heritage with livestock competitions, carnival rides, and food stalls. People gather to enjoy concerts by famous musicians, rodeo shows, and fireworks displays, making it a beloved tradition for many.
4. Abraham Lincoln’s legacy
Abraham Lincoln’s legacy is deeply rooted in Illinois, earning it the nickname “The Land of Lincoln.” In Springfield, you can explore the Lincoln Home National Historic Site where Lincoln lived before becoming the 16th President of the United States. Additionally, the Abraham Lincoln Presidential Library and Museum offers a comprehensive look at his life and presidency, featuring interactive exhibits and rare artifacts. While in this state, don’t miss the chance to learn about Lincoln’s significant contributions to American history and his lasting impact on the nation.
Fun facts Illinois is famous for
Home of the first skyscraper: Illinois is home to the world’s first skyscraper, the Home Insurance Building, which was built in Chicago in 1885.
First McDonald’s: The first McDonald’s restaurant was opened in Des Plaines in 1955 by Ray Kroc.
Largest inland system of rivers and waterways: Illinois has the largest inland system of rivers and waterways in the U.S. The Illinois Waterway connects the Great Lakes to the Mississippi River, facilitating significant commercial and recreational boat traffic.
5. Route 66
Route 66, famously known as the “Main Street of America,” starts in Chicago. This historic highway, which originally stretched from Chicago to Santa Monica, CA, played a crucial role in America’s transportation history. Travelers often begin their journey at the Route 66 starting point sign in downtown Chicago, then explore classic diners, retro motels, and quirky roadside attractions along the way. Landmarks like the Gemini Giant and the restored Pontiac Route 66 Hall of Fame and Museum offer nostalgic glimpses into the past.
6. Anderson Japanese Gardens
Anderson Japanese Gardens in Rockford is considered one of the finest Japanese gardens in North America. This 12-acre landscape features tranquil streams, koi-filled ponds, and meticulously maintained plants and trees. Visitors can enjoy peaceful strolls along winding pathways, visit traditional Japanese structures, and participate in cultural events like tea ceremonies and festivals. The gardens provide a serene escape from everyday life, offering a place for reflection and appreciation of Japanese horticultural artistry.
7. Navy Pier
Navy Pier on the Chicago shoreline of Lake Michigan is one of Illinois’ most visited attractions. This 3,300-foot-long pier features entertainment, dining, and cultural experiences for all ages. Visitors enjoy the iconic Centennial Wheel, which offers stunning views of the Chicago skyline and lakefront. The pier also hosts seasonal events such as the Chicago Air and Water Show and Winter WonderFest. With its theaters, museums, and numerous restaurants, Navy Pier is a bustling hub of activity, making it a top destination for both locals and tourists.
8. Lincoln Park Zoo
The Lincoln Park Zoo in Chicago is one of the oldest and most beloved zoos in the country. Opened in 1868, it offers free admission to visitors and features a wide variety of animals from around the world. The zoo’s highlights include the Kovlr Lion House, the Regenstein Center for African Apes, and the immersive Farm-in-the-Zoo experience. While visiting, be sure to enjoy the interactive exhibits and seasonal events, such as ZooLights during the winter holidays.
9. Garden of the Gods
Garden of the Gods, located in the Shawnee National Forest in southern Illinois, is a breathtaking natural wonder. This area is known for its stunning rock formations, sculpted by millions of years of erosion. People can hike the Observation Trail, which offers panoramic views of the towering cliffs and unique rock structures like Camel Rock and Devil’s Smokestack. Photographers and nature lovers flock to capture the dramatic scenery, especially during sunrise and sunset.
10. Starved Rock State Park
Starved Rock State Park is located along the Illinois River and is a natural wonder known for its stunning canyons and waterfalls. Outdoor enthusiasts visit the park to hike its 13 miles of trails, explore sandstone bluffs, and enjoy breathtaking views. The park is especially popular in the fall when the foliage transforms into a vibrant display of colors. Visitors can also partake in activities like fishing, boating, and camping.
11. Willis Tower Skydeck
The Willis Tower Skydeck offers breathtaking views from one of the tallest buildings in the Western Hemisphere. Visitors can take an elevator to the 103rd floor, where they step out onto The Ledge, a glass balcony extending four feet outside the building. This thrilling experience provides panoramic views of the city and beyond, reaching up to four states on a clear day. The Skydeck attracts millions of tourists each year, providing a unique perspective on Chicago’s stunning skyline and architectural beauty.
12. Frank Lloyd Wright’s Home and Studio
Frank Lloyd Wright’s Home and Studio in Oak Park is a must-visit for architecture enthusiasts. Wright is one of America’s most influential architects and lived and worked here from 1889 to 1909. The home and studio offer guided tours that showcase Wright’s innovative design concepts and personal life. Patrons can see where he developed his Prairie Style architecture, which emphasized horizontal lines and organic forms. This site provides a unique glimpse into the early work of a genius who reshaped modern architecture.
Jenna is a Midwest native who enjoys writing about home improvement projects and local insights. When she’s not working, you can find her cooking, crocheting, or backpacking with her fiancé.
The home-buying process can be especially nerve-wracking if you’re worried about having less-than-ideal credit. Luckily, some lenders will consider applicants with bad credit — or no credit at all.
CNBC Select rounded up the top lenders that consider applicants with credit scores lower than the typical 620 requirement. We evaluated each based on the types of loans offered, customer support, the required minimum down payment amount, and other factors (see our methodology below).
Keep in mind that while you may be approved for a mortgage with a lower credit score, you’ll likely receive an interest rate on the higher end of the lender’s rate range.
Best mortgage lenders for bad credit
Best for flexible terms
Rocket Mortgage
Annual Percentage Rate (APR)
Apply online for personalized rates
Types of loans
Conventional loans, FHA loans, VA loans and jumbo loans
Terms
15- and 30-year conventional loans, 30-year VA and FHA loans, custom mortgages with fixed-rate terms from 8 to 29 years.
Credit needed
Typically requires a 620 credit score but will consider applicants with a 580 as long as other eligibility criteria are met.
Minimum down payment
3.5% if moving forward with an FHA loan
Already have a mortgage through Rocket Mortgage or looking to start one? Check out the Rocket Visa Signature Card to learn how you can earn rewards
Pros
Largest home lender in the U.S.
Offers 1% down conventional mortgage
High scores for customer satisfaction
Shorter-than-average closing time
Rebate of up to $10,000 for buying with Rocket Homes
Cons
No USDA mortgages, construction loans or HELOCs
Hard credit check required for customized rate
Higher origination fees than competition
No retail branches
Who’s this for? Rocket Mortgage stands out if you’re seeking flexibility. While most lenders tend to require a minimum credit score of 620, Rocket Mortgage accepts applicants with credit scores as low as 580.
Standout benefits: Rocket Mortgage offers a free program called Fresh Start to help potential applicants boost their credit scores before applying. Its proprietary low down payment option, the ONE+ mortgage, allows borrowers to put as little as 1% down.
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Best for veterans
Navy Federal Credit Union
Annual Percentage Rate (APR)
Apply online for personalized rates
Types of loans
Conventional loans, VA loans, Military Choice loans, Homebuyers Choice loans, adjustable-rate mortgage
Terms
10 – 30 years
Credit needed
Not disclosed but lender is flexible
Minimum down payment
0%; 5% for conventional loan option
Terms apply.
Pros
0% downpayment for most loan options
flexible repayment terms ranging from 10 years to 30 years
Offers refinancing, second-home financing and loans for investment properties
No PMI required
Fast pre-approval
RealtyPlus program allows applicants to receive up to $9,000 cash back
Cons
Must be a Navy Federal Credit Union member to apply
Who’s this for? Navy Federal Credit Union is ideal for current or retired members of the Armed Forces with a Navy Federal Credit Union membership (immediate family members are also eligible). While this lender doesn’t disclose its required minimum credit score, it works with members to analyze their circumstances and find the right mortgage fit for them, making Navy Federal Credit Union a potentially more flexible lender if you have a lower credit score.
Standout benefits: You can use the RealtyPlus program to buy a home and receive up to $9,000 in cash back. Private mortgage insurance (PMI), is also not a requirement for a low down payment on a mortgage through this lender.
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Best for no PMI
CitiMortgage®
Annual Percentage Rate (APR)
Apply online for personalized rates
Types of loans
Conventional loans, FHA loans, VA loans and Jumbo loans
Terms
15 – 30 years
Credit needed
Minimum down payment
Terms apply.
Pros
Citi’s HomeRun Mortgage program allows for a downpayment as low as 3%
Citi’s Lender Assistance program gives eligible homebuyers a credit of up to $5,000 to use toward closing costs
Ability to choose between fixed-rate and adjustable-rate mortgages
New and existing Citi bank customers can qualify for closing cost discounts based on their account balance
HomeRun mortgage program allows for a downpayment of less than 20% without PMI
Provides homeownership education and counseling
Cons
No options for a 0% downpayment
Existing customers need high account balances to receive some of the highest interest rate discounts
Who’s this for? CitiMortgage is great if you want to put less than 20% down but avoid the monthly PMI bill. If you apply for a mortgage through Citi’s HomeRun program, you can make down payments as low as 3% without PMI. If you’ve already purchased your home, this program can also be used to refinance your mortgage.
Standout benefits: Existing Citi customers with an account balance between $1 and $49,999.99 can be eligible for a $500 closing credit. Those with higher balances can receive an interest rate discount. Qualified borrowers can use the Lender Paid Assistance program to get up to $7,500 in credits toward closing costs. Homeownership counseling and education are also available.
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Best for no credit score requirement
Guild Mortgage
Annual Percentage Rate (APR)
Fixed-rate and adjustable-rate available, apply online for rates.
Types of loans
Conventional loans, construction loans, FHA loans, VA loans, USDA loans and Jumbo loans
Terms
15-year to 30-year
Credit needed
Some loans require a 620 credit score, some require a 540 credit score or no credit score at all.
Minimum down payment
0% if moving forward with a USDA loan; 0% if moving forward with an Arrive Home™ or Zero Down mortgage (a 3% to 5% down payment is financed through a second mortgage with these options) ; 1% on conventional loans for some qualifying borrowers
Pros
Offers several low down payment mortgage options available
Wide variety of loans
Accepts applicants with credit as low as 540 or no credit at all with some loans
Provides lots of information online about the homebuying process
Robust brick-and-mortar and online presence
Cons
Rates are not available to view on the website
Mortgages may not be available for every home type
Who’s this for? Guild Mortgage can provide options even if you don’t have a credit score or have a score as low as 540 — a lower threshold than the typical 620 credit score lenders usually require to even look at an applicant. Instead, Guild uses proof of on-time payments such as rent checks, utility bills and insurance payments to verify an applicant’s credit. It also boasts a variety of loans and down payment assistance programs if you want to make a small down payment.
Standout benefits: Guild Mortgage’s Zero Down allows borrowers with a credit score of 600 or greater to take out an FHA loan with 0% down — the lender will provide an additional repayable loan to the borrower as a second mortgage to supplement the FHA’s traditional 3.5% down payment requirement. Qualifying borrowers who make up to 160% of the area median income can also take out Guild Mortgage’s Arrive Home™ loan, which allows borrowers to put 0% down by taking out a repayable second mortgage with the company.
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Best for a quick closing
CrossCountry Mortgage
Annual Percentage Rate (APR)
Fixed-rate and adjustable-rate available, apply online for rates.
Types of loans
Conventional loans, FHA loans, VA loans, USDA loans, Jumbo loans, manufactured home loans
Terms
Apply online for terms
Credit needed
620 for conventional loans, 500 to 580 for some government-insured loans
Minimum down payment
Pros
Provides down payment grants
FastTrack Credit Approval program allows some borrowers to close on mortgage within 10 days
Website provides a variety of tools, including a mortgage calculator, homebuying guide, and refinancing guide
Available in all 50 states
Cons
Higher-than-average rates
Rates are not online
Who’s this for? CrossCountry Mortgage is great if you want a lender with faster-than-average closing times. It offers conventional loans, FHA loans, VA loans, USDA loans, Jumbo loans, manufactured home loans. While most of its conventional loans require a 620 credit score, some federally insured options accept borrowers with a credit score as low as 500.
Standout benefits: CrossCountry Mortgage offers down payment grants for qualified buyers. With its FastTrack Credit Approval, CrossCountry says its borrowers have an edge in the home buying process with a reapproval process that allows borrowers to get the funds in as little as 10 days.
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More on our top lenders for those with bad credit
Rocket Mortgage
Rocket Mortgage — the largest home loan provider in the country — has a variety of loan options available — especially for those looking to make a small down payment. It accepts borrowers with credit scores as low as 580 and provides a large number of educational resources on its easy-to-use website. Rocket has consistently scored above average on customer satisfaction surveys.
Minimum credit score
580
Types of mortgage loans offered
Fixed-rate, adjustable-rate, FHA loans, VA loans, jumbo loans, HomeReady and Home Possible loans
Down payment minimum
1% with the ONE+; 3.5% with FHA loan
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Navy Federal Credit Union
Navy Federal Credit Union is the largest provider of VA loans and provides many benefits to veterans, and their immediate families. With a VA loan, you have the option to pay 0% down and the seller can contribute up to 4% of the home’s value toward closing costs. Navy Federal also offers the Military Choice mortgage, which has similar guidelines to the VA loan, such as no PMI and a 0% minimum down payment, but allows sellers to contribute up to 6% of the home’s value toward closing costs.
Minimum credit score
Not disclosed.
Types of mortgage loans offered
Conventional loans, VA loans, Military Choice loans, Homebuyers Choice loans
Down payment minimum
0%; 5% with conventional loans
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CitiMortgage
CitiMortgage allows homebuyers to make a small down payment without worrying about PMI. Citi offers qualifying existing customers closing cost aid or interest rate discounts.
Minimum credit score
580 if taking out an FHA loan.
Types of mortgage loans offered
Conventional loans, FHA loans, VA loans and jumbo loans
Down payment minimum
3%
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Guild Mortgage
Guild Mortgage provides many loan types for borrowers with much lower credit than lenders usually require. In some cases, a credit score is not even needed. Guild also provides several low down payment options.
Minimum credit score
540 for some mortgages; no credit needed for some mortgages
Types of mortgage loans offered
Conventional loans, construction loans, FHA loans, VA loans, USDA loans and Jumbo loans
Down payment minimum
0% with a down payment assistance loan as a second mortgage.
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CrossCountry Mortgage
CrossCountry Mortgage offers a wide variety of loans and says it can give its borrowers a leg up in the homebuying process through its FastTrack Credit Approval which allows borrowers to close on a loan in as little as 10 days.
Minimum credit score
580 or 500 for some government-insured loans.
Types of mortgage loans offered
Conventional loans, FHA loans, VA loans, USDA loans, Jumbo loans, manufactured home loans
Down payment minimum
3%
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FAQs
What is pre-approval and how does it work?
Pre-approval is a statement or letter from a lender indicating how much money you qualify to borrow to purchase a home and your potential interest rate. You’ll likely have to provide bank statements, pay stubs, tax forms and employment verification, among other requirements, and once pre-approved, you’ll receive a mortgage pre-approval letter, which you can use to begin viewing homes and making offers. It’s best to get pre-approved at the start of your homebuying journey before you start looking at homes.
How do mortgages work?
A mortgage is a loan you can use to purchase a home. It’s also an agreement between you and the lender that essentially says you can purchase a home without paying for it in full and upfront — you’ll just need to put some of the money down — usually between 3% and 20% of the home price — and pay smaller, fixed monthly payments over a certain number of years, plus interest.
How is my mortgage rate decided?
Mortgage rates change almost daily and can depend on market forces such as inflation and the overall economy. While the Federal Reserve doesn’t set mortgage rates, they do tend to move in reaction to actions taken by the Federal Reserve on its interest rates.
While market forces may influence the general range of mortgage rates, your specific rate will depend on your location, credit report and credit score. The higher your credit score, the more likely you are to be qualified for a lower mortgage interest rate.
What is a conventional loan?
A conventional loan is a loan that’s funded by private lenders and sold to government enterprises such as Fannie Mae and Freddie Mac. It’s the most common type of loan and some lenders may require a down payment as low as 3% or 5%.
What is an FHA loan?
A Federal Housing Administration loan, or FHA loan, typically allows you to purchase a home with looser requirements — for example, you may get approved with a lower credit score or be able to get away with having a higher debt-to-income ratio. You’ll typically only need to make a 3.5% down payment.
What is a USDA loan?
A USDA loan is offered through the United States Department of Agriculture and is aimed at individuals who want to purchase a home in a rural area. Best of all, USDA loans require a minimum down payment of 0% — in other words, you can use it to buy a rural home without a down payment.
What is a VA loan?
VA mortgage loans are provided through the U.S. Department of Veterans Affairs, meant for service members, veterans and their spouses and require a 0% down payment with no mortgage insurance.
What is a jumbo loan?
Borrowers who need a mortgage for more than $766,550 to purchase a single-family home (in most areas) will need to take out a jumbo loan. Note that these types of loans typically have stricter credit score and debt-to-income ratio requirements in part because they do not meet the Federal Housing Finance Agency’s (FHFA) conforming guidelines.
What is the difference between a 15- and 30-year term?
A 15-year mortgage gives homeowners 15 years to pay it off in fixed, equal amounts plus interest, while a 30-year mortgage gives 30 years to pay it off. With a 30-year mortgage, your monthly payments will be lower since you’ll have a longer period to pay off the loan, however, you’ll wind up paying more in interest over the life of the loan since it is charged every month. A 15-year mortgage, on the other hand, lets you save on interest but you’ll likely have to make a higher monthly payment.
Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every mortgage review is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of mortgage products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics. See our methodology for more information on how we choose the best bad credit mortgages.
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Our methodology
To determine which mortgage lenders are the best for bad credit, CNBC Select analyzed dozens of U.S. mortgages offered by online and brick-and-mortar banks, including large credit unions, that come with fixed-rate APRs and flexible loan amounts and terms to suit an array of financing needs.
When narrowing down and ranking the best mortgages, we focused on the following features:
Fixed-rate APR: Variable rates can go up and down over the lifetime of your loan. With a fixed rate APR, you lock in an interest rate for the duration of the loan’s term, which means your monthly payment won’t vary, making your budget easier to plan.
Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. In addition to these loans, lenders may also offer USDA loans and jumbo loans. Having more options available means the lender can cater to a wider range of applicant needs. We have also considered loans that would suit the needs of borrowers who plan to purchase their second home or a rental property.
Closing timeline: The lenders on our list can offer closing timelines that vary from as promptly as two weeks after the home purchase agreement has been signed to as many as 45 days after the agreement has been signed. Specific closing timelines have been noted for each lender.
Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. We evaluate these fees in addition to other features when determining the overall offer from each lender. Though some lenders on this list do not charge these fees, we have noted any instances in which a particular lender does.
Flexible minimum and maximum loan amounts/terms: Each mortgage lender provides a variety of financing options that you can customize based on your monthly budget and how long you need to pay back your loan.
No early payoff penalties: The mortgage lenders on our list do not charge borrowers for paying off the loan early.
Streamlined application process: We considered whether lenders offered a convenient, fast online application process and/or an in-person procedure at local branches.
Customer support: Every mortgage lender on our list provides customer service via telephone, email or secure online messaging. We also opted for lenders with an online resource hub or advice center to help you educate yourself about the personal loan process and your finances.
Minimum down payment: Although minimum down payment amounts depend on the type of loan a borrower applies for, we noted lenders that offer additional specialty loans that come with a lower minimum down payment amount.
Note that the rates and fee structures advertised for mortgages are subject to fluctuate per the Fed rate. However, once you accept your mortgage agreement, a fixed-rate APR will guarantee the interest rate and monthly payment remain consistent throughout the entire term of the loan, unless you choose to refinance your mortgage at a later date for a potentially lower APR. Your APR, monthly payment and loan amount depend on your credit history, creditworthiness, debt-to-income ratio and the desired loan term. To take out a mortgage, lenders will conduct a hard credit inquiry and request a full application, which could require proof of income, identity verification, proof of address and more.
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Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.