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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 October 21, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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 Lincoln, NE Mortgage Rates Compare?

October 21, 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%

Mortgage Program
Today's
Lincoln, NE Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Lincoln, Nebraska?

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

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

FHA loan limits for Lincoln, NE

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

VA loan limits for Lincoln, NE

1 unit: $484,350

Additional Mortgage Resources for Lincoln, NE Residents

Mortgage Rates for Nebraska Cities

Grand Island Mortgage Rates

Lincoln Mortgage Rates

Omaha Mortgage Rates

Papillion 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