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White Plains

Current Mortgage Rates in White Plains, New York

Compare mortgage rates and fees for leading lenders in White Plains, 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 White Plains.

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

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Mortgage Rates in White Plains, NY as of December 12, 2019
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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.

How Do Today's White Plains, NY Mortgage Rates Compare?

December 12, 2019

The current average rate for a 30 year fixed rate mortgage in White Plains 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
White Plains, NY Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in White Plains, New York?

The median home value for White Plains, NY (Westchester County) is $586,694

The median household income for White Plains, NY (Westchester County) is $92,718

Based on current mortgage rates and a 10% down payment, you need to make $108,850 per year to buy the median priced home in White Plains

The home price you can afford to buy based on household income in White Plains is 85% of the median home value which means housing prices are expensive

White Plains (Westchester County) ranks 57 out of 62 counties in New York and 3,074 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in White Plains, NY is expensive

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Loan Limits for White Plains, New York

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for White Plains (Westchester County) below.

Conforming loan limits for White Plains, NY

1 unit: $726,525
2 units: $930,300
3 units: $1,124,475
4 units: $1,397,400

FHA loan limits for White Plains, NY

1 unit: $726,525
2 units: $930,300
3 units: $1,124,475
4 units: $1,397,400

VA loan limits for White Plains, NY

1 unit: $726,525

Additional Mortgage Resources for White Plains, NY Residents

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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