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.
December 11, 2019
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%
The median home value for Dayton, OH (Montgomery County) is $127,558
The median household income for Dayton, OH (Montgomery County) is $48,483
Based on current mortgage rates and a 10% down payment, you need to make $23,666 per year to buy the median priced home in Dayton
The home price you can afford to buy based on household income in Dayton is 205% of the median home value which means housing prices are affordable
Dayton (Montgomery County) ranks 52 out of 88 counties in Ohio and 1,496 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
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
FHA loan limits for Dayton, OH
VA loan limits for Dayton, OH
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