Compare mortgage rates and fees for leading lenders in Olathe, 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 Olathe.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Olathe. Plus, shopping lenders is free and there is no obligation.
August 24, 2019
The current average rate for a 30 year fixed rate mortgage in Olathe 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 Olathe, KS (Johnson County) is $264,132
The median household income for Olathe, KS (Johnson County) is $83,601
Based on current mortgage rates and a 10% down payment, you need to make $49,005 per year to buy the median priced home in Olathe
The home price you can afford to by based on household income in Olathe is 171% of the median home value which means housing prices are average
Olathe (Johnson County) ranks 102 out of 105 counties in Kansas and 2,181 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Olathe, KS is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Olathe (Johnson County) below.
Conforming loan limits for Olathe, KS
FHA loan limits for Olathe, KS
VA loan limits for Olathe, 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