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York

Compare Current York, Maine Mortgage Rates

Compare York, ME 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 York.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in York. Plus, shopping lenders is free and there is no obligation.

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York, ME Mortgage Rates as of November 29, 2023
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes or insurance premiums. Actual payments will be greater with taxes and insurance included. Rate and product details. Data provided by Icanbuy. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's York, ME Mortgage Rates

November 29, 2023

Current mortgage rates in York, ME are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
York, ME Rates
National
Average
Comparison
30 Year Fixed Rate
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7.440%
15 Year Fixed Rate
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6.760%
5/1 Adjustable Rate Mortgage
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6.750%

How Affordable is Housing in York, Maine?

Below we provide helpful information on the real estate market, home prices and housing affordability in York. Understand how much you need to earn to afford a home in York, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in York 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 York is right for you.

The median home value for York, ME is $382,448

Based on current mortgage rates and a 10% down payment, you need to make $79,785 per year to buy the median priced home in York

With this income, you could qualify for a $344,203 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 York is $1,848

The median household income for York, ME is $74,954

Based on this income, you can afford a home valued at approximately $359,289

The home price you can afford to buy based on household income in York is 94% of the median home value which means housing prices are expensive. York ranks 15 out of 16 counties in Maine and 2,876 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in York, ME is expensive

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Loan Limits for York, Maine

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for York below.

Conforming loan limits for York, ME

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for York, ME

1 unit: $506,000
2 units: $647,750
3 units: $783,000
4 units: $973,100

VA loan limits for York, ME

1 unit: $726,200

Additional Mortgage Resources for York, ME Residents

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