»
»
Niagara

Current Mortgage Rates in Niagara, New York

Compare mortgage rates and fees for leading lenders in Niagara, NY. 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 Niagara.

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

%
Mortgage Rates in Niagara, NY as of August 18, 2019
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact

%
Get Personalized Mortgage Quotes for Niagara, NY

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 Niagara, NY Mortgage Rates Compare?

August 18, 2019

The current average rate for a 30 year fixed rate mortgage in Niagara 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
Niagara, NY Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Niagara, New York?

The median home value for Niagara, NY is $131,270

The median household income for Niagara, NY is $53,235

Based on current mortgage rates and a 10% down payment, you need to make $24,355 per year to buy the median priced home in Niagara

The home price you can afford to by based on household income in Niagara is 219% of the median home value which means housing prices are affordable

Niagara ranks 24 out of 62 counties in New York and 1,222 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Niagara, NY is affordable

orange-simple-house
ruler

Loan Limits for Niagara, New York

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Niagara below.

Conforming loan limits for Niagara, NY

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

FHA loan limits for Niagara, NY

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

VA loan limits for Niagara, NY

1 unit: $484,350

Additional Mortgage Resources for Niagara, NY Residents

Mortgage Rates for New York Cities

Albany Mortgage Rates

Binghamton Mortgage Rates

Bronx Mortgage Rates

Brooklyn Mortgage Rates

Buffalo Mortgage Rates

Chautauqua Mortgage Rates

Corning Mortgage Rates

Geneva Mortgage Rates

Hempstead Mortgage Rates

Ithaca Mortgage Rates

Kingston Mortgage Rates

Long Island Mortgage Rates

New City Mortgage Rates

New York Mortgage Rates

Newburgh Mortgage Rates

Niagara Mortgage Rates

Oswego Mortgage Rates

Poughkeepsie Mortgage Rates

Putnam Mortgage Rates

Queens Mortgage Rates

Rochester Mortgage Rates

Saratoga Mortgage Rates

Schenectady Mortgage Rates

St. Lawrence Mortgage Rates

Staten Island Mortgage Rates

Syracuse Mortgage Rates

Troy Mortgage Rates

Utica Mortgage Rates

Watertown Mortgage Rates

White Plains 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