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.
January 20, 2020
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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Orange County. Understand how much you need to earn to afford a home in Orange County, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Orange County fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Orange County is right for you.
The median home value for Orange County, CA is $754,959
Based on current mortgage rates and a 10% down payment, you need to make $135,873 per year to buy the median priced home in Orange County
With this income, you could qualify for a $679,463 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Orange County is $3,147
The median household income for Orange County, CA is $86,323
Based on this income, you can afford a home valued at approximately $479,644
The home price you can afford to buy based on household income in Orange County is 64% of the median home value which means housing prices are very expensive. Orange County ranks 46 out of 58 counties in California and 3,115 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