Compare mortgage rates and fees for leading lenders in Wichita, 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 Wichita.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Wichita. Plus, shopping lenders is free and there is no obligation.
August 18, 2019
The current average rate for a 30 year fixed rate mortgage in Wichita 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 Wichita, KS (Sedgwick County) is $149,388
The median household income for Wichita, KS (Sedgwick County) is $54,456
Based on current mortgage rates and a 10% down payment, you need to make $27,716 per year to buy the median priced home in Wichita
The home price you can afford to by based on household income in Wichita is 196% of the median home value which means housing prices are average
Wichita (Sedgwick County) ranks 98 out of 105 counties in Kansas and 1,663 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Wichita, KS is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Wichita (Sedgwick County) below.
Conforming loan limits for Wichita, KS
FHA loan limits for Wichita, KS
VA loan limits for Wichita, 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