Compare Columbiana, OH 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 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.
December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Columbiana. Understand how much you need to earn to afford a home in Columbiana, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Columbiana 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 Columbiana is right for you.
The median home value for Columbiana, OH is $143,500
Based on current mortgage rates and a 10% down payment, you need to make $23,512 per year to buy the median priced home in Columbiana
With this income, you could qualify for a $129,150 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 Columbiana is $544
The median household income for Columbiana, OH is $57,872
Based on this income, you can afford a home valued at approximately $353,210
The home price you can afford to buy based on household income in Columbiana is 246% of the median home value which means housing prices are affordable. Columbiana ranks 20 out of 88 counties in Ohio and 885 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
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
FHA loan limits for Columbiana, OH
VA loan limits for Columbiana, OH