Compare mortgage rates and fees for leading lenders in Kenai Peninsula, AK. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Kenai Peninsula.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Kenai Peninsula. Plus, shopping lenders is free and there is no obligation.
December 11, 2019
The current average rate for a 30 year fixed rate mortgage in Kenai Peninsula is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Kenai Peninsula, AK is $246,799
The median household income for Kenai Peninsula, AK is $67,275
Based on current mortgage rates and a 10% down payment, you need to make $45,789 per year to buy the median priced home in Kenai Peninsula
The home price you can afford to buy based on household income in Kenai Peninsula is 147% of the median home value which means housing prices are average
Kenai Peninsula ranks 22 out of 29 counties in Alaska and 2,583 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Kenai Peninsula, AK is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Kenai Peninsula below.
Conforming loan limits for Kenai Peninsula, AK
FHA loan limits for Kenai Peninsula, AK
VA loan limits for Kenai Peninsula, AK
Learn what price home you can afford to buy in Kenai Peninsula
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index