Compare Orlando, FL mortgage rates and fees from top lenders. 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 lowest mortgage rates in Orlando.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Orlando. Plus, shopping lenders is free and there is no obligation.
June 30, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Orlando. Understand how much you need to earn to afford a home in Orlando, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Orlando 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 Orlando is right for you.
The median home value for Orlando, FL (Orange County) is $337,376
Based on current mortgage rates and a 10% down payment, you need to make $55,278 per year to buy the median priced home in Orlando
With this income, you could qualify for a $303,638 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 Orlando is $1,280
The median household income for Orlando, FL (Orange County) is $68,593
Based on this income, you can afford a home valued at approximately $418,645
The home price you can afford to buy based on household income in Orlando is 124% of the median home value which means housing prices are average. Orlando (Orange County) ranks 53 out of 67 counties in Florida and 2,853 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Orlando, FL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Orlando (Orange County) below.
Conforming loan limits for Orlando, FL
FHA loan limits for Orlando, FL
VA loan limits for Orlando, FL