Compare White Plains, 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 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.
June 30, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in White Plains. Understand how much you need to earn to afford a home in White Plains, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in White Plains 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 White Plains is right for you.
The median home value for White Plains, NY (Westchester County) is $647,785
Based on current mortgage rates and a 10% down payment, you need to make $106,137 per year to buy the median priced home in White Plains
With this income, you could qualify for a $583,007 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 White Plains is $2,458
The median household income for White Plains, NY (Westchester County) is $110,150
Based on this income, you can afford a home valued at approximately $672,275
The home price you can afford to buy based on household income in White Plains is 104% of the median home value which means housing prices are average. White Plains (Westchester County) ranks 57 out of 62 counties in New York and 2,995 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 average
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
FHA loan limits for White Plains, NY
VA loan limits for White Plains, NY