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.
December 10, 2019
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%
The median home value for Omaha, NE (Douglas County) is $181,846
The median household income for Omaha, NE (Douglas County) is $60,433
Based on current mortgage rates and a 10% down payment, you need to make $33,738 per year to buy the median priced home in Omaha
The home price you can afford to buy based on household income in Omaha is 179% of the median home value which means housing prices are average
Omaha (Douglas County) ranks 92 out of 93 counties in Nebraska and 1,991 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
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