Compare mortgage rates and fees for leading lenders in Salina, 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 Salina.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Salina. 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 Salina 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 Salina, KS (Saline County) is $129,789
The median household income for Salina, KS (Saline County) is $51,248
Based on current mortgage rates and a 10% down payment, you need to make $24,080 per year to buy the median priced home in Salina
The home price you can afford to buy based on household income in Salina is 213% of the median home value which means housing prices are affordable
Salina (Saline County) ranks 94 out of 105 counties in Kansas and 1,335 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Salina, KS is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Salina (Saline County) below.
Conforming loan limits for Salina, KS
FHA loan limits for Salina, KS
VA loan limits for Salina, 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