Compare Salina, KS mortgage rates and fees from top lenders. 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 lowest 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.
June 26, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Salina. Understand how much you need to earn to afford a home in Salina, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Salina 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 Salina is right for you.
The median home value for Salina, KS (Saline County) is $167,033
Based on current mortgage rates and a 10% down payment, you need to make $27,368 per year to buy the median priced home in Salina
With this income, you could qualify for a $150,330 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 Salina is $634
The median household income for Salina, KS (Saline County) is $56,422
Based on this income, you can afford a home valued at approximately $344,357
The home price you can afford to buy based on household income in Salina is 206% of the median home value which means housing prices are affordable. Salina (Saline County) ranks 97 out of 105 counties in Kansas and 1,605 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