Compare mortgage rates and fees for leading lenders in Syracuse, 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 Syracuse.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Syracuse. Plus, shopping lenders is free and there is no obligation.
October 14, 2019
The current average rate for a 30 year fixed rate mortgage in Syracuse 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 Syracuse, NY (Onondaga County) is $154,769
The median household income for Syracuse, NY (Onondaga County) is $59,022
Based on current mortgage rates and a 10% down payment, you need to make $28,714 per year to buy the median priced home in Syracuse
The home price you can afford to buy based on household income in Syracuse is 206% of the median home value which means housing prices are affordable
Syracuse (Onondaga County) ranks 29 out of 62 counties in New York and 1,479 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Syracuse, NY is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Syracuse (Onondaga County) below.
Conforming loan limits for Syracuse, NY
FHA loan limits for Syracuse, NY
VA loan limits for Syracuse, 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