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Oswego

Current Mortgage Rates in Oswego, New York

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.

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Mortgage Rates in Oswego, NY as of April 7, 2020
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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.
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How Do Today's Oswego, NY Mortgage Rates Compare?

April 7, 2020

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%

Mortgage Program
Today's
Oswego, NY Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Oswego, New York?

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 $117,145

Based on current mortgage rates and a 10% down payment, you need to make $21,083 per year to buy the median priced home in Oswego

With this income, you could qualify for a $105,431 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 $54,583

Based on this income, you can afford a home valued at approximately $303,282

The home price you can afford to buy based on household income in Oswego is 259% of the median home value which means housing prices are affordable. Oswego ranks 12 out of 62 counties in New York and 625 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

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Loan Limits for Oswego, New York

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

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Oswego, NY

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Oswego, NY

1 unit: $510,400

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