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.

Mortgage Rates in Columbiana, OH as of September 19, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Columbiana, OH Mortgage Rates Compare?

September 19, 2020

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
Columbiana, OH Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Columbiana, Ohio?

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 $116,119

Based on current mortgage rates and a 10% down payment, you need to make $20,898 per year to buy the median priced home in Columbiana

With this income, you could qualify for a $104,507 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 $484

The median household income for Columbiana, OH is $47,984

Based on this income, you can afford a home valued at approximately $266,617

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 1,008 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


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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Columbiana, OH

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Columbiana, OH

1 unit: $510,400

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