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Butler

Current Mortgage Rates in Butler, Kansas

Compare mortgage rates and fees for leading lenders in Butler, KS. 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 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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Mortgage Rates in Butler, KS as of December 14, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Butler, KS Mortgage Rates Compare?

December 14, 2019

The current average rate for a 30 year fixed rate mortgage in Butler 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%

Mortgage Program
Today's
Butler, KS Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Butler, Kansas?

The median home value for Butler, KS is $158,769

The median household income for Butler, KS is $64,229

Based on current mortgage rates and a 10% down payment, you need to make $29,457 per year to buy the median priced home in Butler

The home price you can afford to buy based on household income in Butler is 218% of the median home value which means housing prices are affordable

Butler ranks 91 out of 105 counties in Kansas and 1,227 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 affordable

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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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Butler, KS

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Butler, KS

1 unit: $484,350

Additional Mortgage Resources for Butler, KS Residents

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Sources

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