Compare mortgage rates and fees for leading lenders in Omaha, 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 Omaha.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Omaha. Plus, shopping lenders is free and there is no obligation.
August 13, 2020
The current average rate for a 30 year fixed rate mortgage in Omaha 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Omaha. Understand how much you need to earn to afford a home in Omaha, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Omaha 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 Omaha is right for you.
The median home value for Omaha, NE (Douglas County) is $193,484
Based on current mortgage rates and a 10% down payment, you need to make $34,822 per year to buy the median priced home in Omaha
With this income, you could qualify for a $174,136 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 Omaha is $806
The median household income for Omaha, NE (Douglas County) is $61,844
Based on this income, you can afford a home valued at approximately $343,628
The home price you can afford to buy based on household income in Omaha is 178% of the median home value which means housing prices are average. Omaha (Douglas County) ranks 92 out of 93 counties in Nebraska and 2,003 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Omaha, NE is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Omaha (Douglas County) below.
Conforming loan limits for Omaha, NE
FHA loan limits for Omaha, NE
VA loan limits for Omaha, NE