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Dayton

Current Mortgage Rates in Dayton, Ohio

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

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

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Mortgage Rates in Dayton, OH as of February 22, 2020
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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.
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How Do Today's Dayton, OH Mortgage Rates Compare?

February 22, 2020

The current average rate for a 30 year fixed rate mortgage in Dayton 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
Dayton, OH Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Dayton, Ohio?

Below we provide helpful information on the real estate market, home prices and housing affordability in Dayton. Understand how much you need to earn to afford a home in Dayton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Dayton 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 Dayton is right for you.

The median home value for Dayton, OH (Montgomery County) is $136,615

Based on current mortgage rates and a 10% down payment, you need to make $24,587 per year to buy the median priced home in Dayton

With this income, you could qualify for a $122,953 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 Dayton is $569

The median household income for Dayton, OH (Montgomery County) is $49,616

Based on this income, you can afford a home valued at approximately $275,682

The home price you can afford to buy based on household income in Dayton is 202% of the median home value which means housing prices are affordable. Dayton (Montgomery County) ranks 54 out of 88 counties in Ohio and 1,539 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Dayton, Ohio

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

Conforming loan limits for Dayton, OH

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

FHA loan limits for Dayton, OH

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

VA loan limits for Dayton, OH

1 unit: $510,400

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