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Omaha

Current Mortgage Rates in Omaha, Nebraska

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.

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Mortgage Rates in Omaha, NE as of December 10, 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 Omaha, NE Mortgage Rates Compare?

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%

Mortgage Program
Today's
Omaha, 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 Omaha, Nebraska?

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

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Loan Limits for Omaha, Nebraska

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

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

FHA loan limits for Omaha, NE

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

VA loan limits for Omaha, NE

1 unit: $484,350

Additional Mortgage Resources for Omaha, 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