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Butler

Compare Current Butler, Kansas Mortgage Rates

Compare Butler, KS 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 Butler.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Butler. Plus, shopping lenders is free and there is no obligation.

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Butler, KS Mortgage Rates as of April 25, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Butler, KS Mortgage Rates

April 25, 2024

Current mortgage rates in Butler, KS are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Butler, KS Rates
National
Average
Comparison
30 Year Fixed Rate
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6.669%
15 Year Fixed Rate
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5.960%
5/1 Adjustable Rate Mortgage
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6.250%

How Affordable is Housing in Butler, Kansas?

Below we provide helpful information on the real estate market, home prices and housing affordability in Butler. Understand how much you need to earn to afford a home in Butler, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Butler 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 Butler is right for you.

The median home value for Butler, KS is $218,453

Based on current mortgage rates and a 10% down payment, you need to make $45,573 per year to buy the median priced home in Butler

With this income, you could qualify for a $196,608 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 Butler is $1,055

The median household income for Butler, KS is $72,315

Based on this income, you can afford a home valued at approximately $346,640

The home price you can afford to buy based on household income in Butler is 159% of the median home value which means housing prices are average. Butler ranks 96 out of 105 counties in Kansas and 1,659 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Butler, KS is average

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Loan Limits for Butler, Kansas

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Butler below.

Conforming loan limits for Butler, KS

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Butler, KS

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Butler, KS

1 unit: $726,200

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