Compare Geneva, NY 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 Geneva.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Geneva. Plus, shopping lenders is free and there is no obligation.
January 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Geneva. Understand how much you need to earn to afford a home in Geneva, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Geneva 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 Geneva is right for you.
The median home value for Geneva, NY (Ontario County) is $198,310
Based on current mortgage rates and a 10% down payment, you need to make $32,492 per year to buy the median priced home in Geneva
With this income, you could qualify for a $178,479 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 Geneva is $752
The median household income for Geneva, NY (Ontario County) is $71,951
Based on this income, you can afford a home valued at approximately $439,141
The home price you can afford to buy based on household income in Geneva is 221% of the median home value which means housing prices are affordable. Geneva (Ontario County) ranks 28 out of 62 counties in New York and 1,302 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Geneva, NY is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Geneva (Ontario County) below.
Conforming loan limits for Geneva, NY
FHA loan limits for Geneva, NY
VA loan limits for Geneva, NY