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.
July 7, 2020
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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Manhattan. Understand how much you need to earn to afford a home in Manhattan, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Manhattan 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 Manhattan is right for you.
The median home value for Manhattan, KS (Riley County) is $211,620
Based on current mortgage rates and a 10% down payment, you need to make $38,086 per year to buy the median priced home in Manhattan
With this income, you could qualify for a $190,458 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 Manhattan is $882
The median household income for Manhattan, KS (Riley County) is $51,074
Based on this income, you can afford a home valued at approximately $283,786
The home price you can afford to buy based on household income in Manhattan is 134% of the median home value which means housing prices are average. Manhattan (Riley County) ranks 104 out of 105 counties in Kansas and 2,735 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