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Papillion

Current Mortgage Rates in Papillion, Nebraska

Compare mortgage rates and fees for leading lenders in Papillion, 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 Papillion.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Papillion. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Papillion, NE as of December 11, 2019
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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 Papillion, NE Mortgage Rates Compare?

December 11, 2019

The current average rate for a 30 year fixed rate mortgage in Papillion 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
Papillion, 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 Papillion, Nebraska?

The median home value for Papillion, NE (Sarpy County) is $205,289

The median household income for Papillion, NE (Sarpy County) is $78,068

Based on current mortgage rates and a 10% down payment, you need to make $38,088 per year to buy the median priced home in Papillion

The home price you can afford to buy based on household income in Papillion is 205% of the median home value which means housing prices are affordable

Papillion (Sarpy County) ranks 87 out of 93 counties in Nebraska and 1,494 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Papillion, NE is affordable

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Loan Limits for Papillion, Nebraska

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Papillion (Sarpy County) below.

Conforming loan limits for Papillion, NE

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

FHA loan limits for Papillion, NE

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

VA loan limits for Papillion, NE

1 unit: $484,350

Additional Mortgage Resources for Papillion, NE Residents

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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