Compare mortgage rates and fees for leading lenders in Orange County, CA. 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 Orange County.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Orange County. Plus, shopping lenders is free and there is no obligation.
December 16, 2019
The current average rate for a 30 year fixed rate mortgage in Orange County 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 Orange County, CA is $735,111
The median household income for Orange County, CA is $84,353
Based on current mortgage rates and a 10% down payment, you need to make $136,386 per year to buy the median priced home in Orange County
The home price you can afford to buy based on household income in Orange County is 62% of the median home value which means housing prices are very expensive
Orange County ranks 47 out of 58 counties in California and 3,119 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Orange County, CA is very expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Orange County below.
Conforming loan limits for Orange County, CA
FHA loan limits for Orange County, CA
VA loan limits for Orange County, CA
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