Compare mortgage rates and fees for leading lenders in Manhattan, 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 Manhattan.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Manhattan. Plus, shopping lenders is free and there is no obligation.
December 11, 2019
The current average rate for a 30 year fixed rate mortgage in Manhattan 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 Manhattan, KS (Riley County) is $202,507
The median household income for Manhattan, KS (Riley County) is $49,908
Based on current mortgage rates and a 10% down payment, you need to make $37,571 per year to buy the median priced home in Manhattan
The home price you can afford to buy based on household income in Manhattan is 133% of the median home value which means housing prices are average
Manhattan (Riley County) ranks 105 out of 105 counties in Kansas and 2,764 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Manhattan, KS is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Manhattan (Riley County) below.
Conforming loan limits for Manhattan, KS
FHA loan limits for Manhattan, KS
VA loan limits for Manhattan, KS
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