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Cincinnati

Current Mortgage Rates in Cincinnati, Ohio

Compare mortgage rates and fees for leading lenders in Cincinnati, OH. 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 Cincinnati.

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

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Mortgage Rates in Cincinnati, OH as of November 15, 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 Cincinnati, OH Mortgage Rates Compare?

November 15, 2019

The current average rate for a 30 year fixed rate mortgage in Cincinnati 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
Cincinnati, OH 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 Cincinnati, Ohio?

The median home value for Cincinnati, OH (Hamilton County) is $165,244

The median household income for Cincinnati, OH (Hamilton County) is $53,991

Based on current mortgage rates and a 10% down payment, you need to make $30,658 per year to buy the median priced home in Cincinnati

The home price you can afford to buy based on household income in Cincinnati is 176% of the median home value which means housing prices are average

Cincinnati (Hamilton County) ranks 80 out of 88 counties in Ohio and 2,065 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Cincinnati, OH is average

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Loan Limits for Cincinnati, Ohio

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

Conforming loan limits for Cincinnati, OH

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Cincinnati, OH

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Cincinnati, OH

1 unit: $484,350

Additional Mortgage Resources for Cincinnati, OH 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