Compare mortgage rates and fees for leading lenders in Hamilton, 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 Hamilton.
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October 22, 2019
The current average rate for a 30 year fixed rate mortgage in Hamilton 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 Hamilton, OH (Butler County) is $180,385
The median household income for Hamilton, OH (Butler County) is $64,089
Based on current mortgage rates and a 10% down payment, you need to make $33,467 per year to buy the median priced home in Hamilton
The home price you can afford to buy based on household income in Hamilton is 191% of the median home value which means housing prices are average
Hamilton (Butler County) ranks 73 out of 88 counties in Ohio and 1,759 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Hamilton, OH is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hamilton (Butler County) below.
Conforming loan limits for Hamilton, OH
FHA loan limits for Hamilton, OH
VA loan limits for Hamilton, 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