Compare mortgage rates and fees for leading lenders in Oswego, 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 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.
September 22, 2019
The current average rate for a 30 year fixed rate mortgage in Oswego 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%
The median home value for Oswego, NY is $108,568
The median household income for Oswego, NY is $53,337
Based on current mortgage rates and a 10% down payment, you need to make $20,143 per year to buy the median priced home in Oswego
The home price you can afford to buy based on household income in Oswego is 265% of the median home value which means housing prices are affordable
Oswego ranks 12 out of 62 counties in New York and 573 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
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