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Columbiana

Current Mortgage Rates in Columbiana, Ohio

Compare mortgage rates and fees for leading lenders in Columbiana, 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 Columbiana.

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

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Mortgage Rates in Columbiana, OH as of September 22, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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 Columbiana, OH Mortgage Rates Compare?

September 22, 2019

The current average rate for a 30 year fixed rate mortgage in Columbiana 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
Columbiana, OH Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Columbiana, Ohio?

The median home value for Columbiana, OH is $109,650

The median household income for Columbiana, OH is $46,889

Based on current mortgage rates and a 10% down payment, you need to make $20,344 per year to buy the median priced home in Columbiana

The home price you can afford to buy based on household income in Columbiana is 230% of the median home value which means housing prices are affordable

Columbiana ranks 22 out of 88 counties in Ohio and 999 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Columbiana, OH is affordable

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Loan Limits for Columbiana, Ohio

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Columbiana below.

Conforming loan limits for Columbiana, OH

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

FHA loan limits for Columbiana, OH

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

VA loan limits for Columbiana, OH

1 unit: $484,350

Additional Mortgage Resources for Columbiana, 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