Compare mortgage rates and fees for leading lenders in Topeka, 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 Topeka.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Topeka. Plus, shopping lenders is free and there is no obligation.
August 22, 2019
The current average rate for a 30 year fixed rate mortgage in Topeka 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 Topeka, KS (Shawnee County) is $140,146
The median household income for Topeka, KS (Shawnee County) is $56,338
Based on current mortgage rates and a 10% down payment, you need to make $26,001 per year to buy the median priced home in Topeka
The home price you can afford to by based on household income in Topeka is 217% of the median home value which means housing prices are affordable
Topeka (Shawnee County) ranks 93 out of 105 counties in Kansas and 1,261 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Topeka, KS is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Topeka (Shawnee County) below.
Conforming loan limits for Topeka, KS
FHA loan limits for Topeka, KS
VA loan limits for Topeka, 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