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Omaha

Compare Current Omaha, Nebraska Mortgage Rates

Compare Omaha, NE mortgage rates and fees from top lenders. 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 lowest 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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Omaha, NE Mortgage Rates as of May 24, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Omaha, NE Mortgage Rates

May 24, 2022

Current mortgage rates in Omaha, NE are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Omaha, NE Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.250%
15 Year Fixed Rate
%
4.430%
5/1 Adjustable Rate Mortgage
%
4.080%

How Affordable is Housing in Omaha, Nebraska?

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 $230,713

Based on current mortgage rates and a 10% down payment, you need to make $37,801 per year to buy the median priced home in Omaha

With this income, you could qualify for a $207,641 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 $875

The median household income for Omaha, NE (Douglas County) is $72,562

Based on this income, you can afford a home valued at approximately $442,868

The home price you can afford to buy based on household income in Omaha is 192% of the median home value which means housing prices are average. Omaha (Douglas County) ranks 91 out of 93 counties in Nebraska and 1,897 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: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Omaha, NE

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Omaha, NE

1 unit: $647,200

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