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Lincoln

Current Mortgage Rates in Lincoln, Nebraska

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.

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Mortgage Rates in Lincoln, NE as of March 31, 2020
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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.
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How Do Today's Lincoln, NE Mortgage Rates Compare?

March 31, 2020

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%

Mortgage Program
Today's
Lincoln, NE Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Lincoln, Nebraska?

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

The median home value for Lincoln, NE (Lancaster County) is $204,965

Based on current mortgage rates and a 10% down payment, you need to make $36,888 per year to buy the median priced home in Lincoln

With this income, you could qualify for a $184,469 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 Lincoln is $854

The median household income for Lincoln, NE (Lancaster County) is $58,793

Based on this income, you can afford a home valued at approximately $326,675

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 2,374 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

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Loan Limits for Lincoln, Nebraska

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

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Lincoln, NE

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Lincoln, NE

1 unit: $510,400

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