Compare mortgage rates and fees for leading lenders in Lincoln, NE. 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 Lincoln.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Lincoln. Plus, shopping lenders is free and there is no obligation.
December 11, 2019
The current average rate for a 30 year fixed rate mortgage in Lincoln 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 Lincoln, NE (Lancaster County) is $194,649
The median household income for Lincoln, NE (Lancaster County) is $57,451
Based on current mortgage rates and a 10% down payment, you need to make $36,114 per year to buy the median priced home in Lincoln
The home price you can afford to buy based on household income in Lincoln is 159% of the median home value which means housing prices are average
Lincoln (Lancaster County) ranks 93 out of 93 counties in Nebraska and 2,395 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Lincoln, NE is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Lincoln (Lancaster County) below.
Conforming loan limits for Lincoln, NE
FHA loan limits for Lincoln, NE
VA loan limits for Lincoln, NE
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