Compare mortgage rates and fees for leading lenders in Kent, 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 Kent.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Kent. Plus, shopping lenders is free and there is no obligation.
July 16, 2020
The current average rate for a 30 year fixed rate mortgage in Kent 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Kent. Understand how much you need to earn to afford a home in Kent, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Kent 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 Kent is right for you.
The median home value for Kent, OH (Portage County) is $177,822
Based on current mortgage rates and a 10% down payment, you need to make $32,003 per year to buy the median priced home in Kent
With this income, you could qualify for a $160,040 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 Kent is $741
The median household income for Kent, OH (Portage County) is $56,757
Based on this income, you can afford a home valued at approximately $315,360
The home price you can afford to buy based on household income in Kent is 177% of the median home value which means housing prices are average. Kent (Portage County) ranks 79 out of 88 counties in Ohio and 2,011 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Kent, OH is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Kent (Portage County) below.
Conforming loan limits for Kent, OH
FHA loan limits for Kent, OH
VA loan limits for Kent, OH