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Wichita

Current Mortgage Rates in Wichita, Kansas

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.

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Mortgage Rates in Wichita, KS as of August 18, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Wichita, KS Mortgage Rates Compare?

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%

Mortgage Program
Today's
Wichita, KS Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Wichita, Kansas?

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

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Loan Limits for Wichita, Kansas

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

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Wichita, KS

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Wichita, KS

1 unit: $484,350

Additional Mortgage Resources for Wichita, KS Residents

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Wichita Mortgage Rates

Sources

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