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Manhattan

Current Mortgage Rates in Manhattan, Kansas

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.

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Mortgage Rates in Manhattan, KS as of October 22, 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 Manhattan, KS Mortgage Rates Compare?

October 22, 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%

Mortgage Program
Today's
Manhattan, 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 Manhattan, Kansas?

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

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Loan Limits for Manhattan, Kansas

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

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

FHA loan limits for Manhattan, KS

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

VA loan limits for Manhattan, KS

1 unit: $484,350

Additional Mortgage Resources for Manhattan, KS Residents

Mortgage Rates for Kansas Cities

Butler Mortgage Rates

Edwardsville Mortgage Rates

Hutchinson Mortgage Rates

Lawrence Mortgage Rates

Leavenworth Mortgage Rates

Manhattan Mortgage Rates

Olathe Mortgage Rates

Salina Mortgage Rates

Topeka Mortgage Rates

Wichita Mortgage Rates

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