Current Mortgage Rates in Delaware, Ohio

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

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

Mortgage Rates in Delaware, OH as of September 20, 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 Delaware, OH Mortgage Rates Compare?

September 20, 2020

The current average rate for a 30 year fixed rate mortgage in Delaware 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
Delaware, OH Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Delaware, Ohio?

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

The median home value for Delaware, OH is $341,755

Based on current mortgage rates and a 10% down payment, you need to make $61,507 per year to buy the median priced home in Delaware

With this income, you could qualify for a $307,580 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 Delaware is $1,424

The median household income for Delaware, OH is $105,706

Based on this income, you can afford a home valued at approximately $587,338

The home price you can afford to buy based on household income in Delaware is 172% of the median home value which means housing prices are average. Delaware ranks 84 out of 88 counties in Ohio and 2,134 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Delaware, OH is average


Loan Limits for Delaware, Ohio

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

Conforming loan limits for Delaware, OH

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

FHA loan limits for Delaware, OH

1 unit: $373,750
2 units: $478,450
3 units: $578,350
4 units: $718,750

VA loan limits for Delaware, OH

1 unit: $510,400

Additional Mortgage Resources for Delaware, OH Residents

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