Compare Oswego, 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 Oswego.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Oswego. Plus, shopping lenders is free and there is no obligation.
February 8, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Oswego. Understand how much you need to earn to afford a home in Oswego, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Oswego 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 Oswego is right for you.
The median home value for Oswego, NY is $128,666
Based on current mortgage rates and a 10% down payment, you need to make $21,081 per year to buy the median priced home in Oswego
With this income, you could qualify for a $115,800 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 Oswego is $488
The median household income for Oswego, NY is $63,187
Based on this income, you can afford a home valued at approximately $385,647
The home price you can afford to buy based on household income in Oswego is 300% of the median home value which means housing prices are affordable. Oswego ranks 3 out of 62 counties in New York and 342 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Oswego, NY is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Oswego below.
Conforming loan limits for Oswego, NY
FHA loan limits for Oswego, NY
VA loan limits for Oswego, NY