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Mason

Current Mortgage Rates in Mason, Ohio

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

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

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Mortgage Rates in Mason, OH as of October 22, 2019
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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.

How Do Today's Mason, OH Mortgage Rates Compare?

October 22, 2019

The current average rate for a 30 year fixed rate mortgage in Mason 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
Mason, OH Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Mason, Ohio?

The median home value for Mason, OH (Warren County) is $229,513

The median household income for Mason, OH (Warren County) is $81,824

Based on current mortgage rates and a 10% down payment, you need to make $42,582 per year to buy the median priced home in Mason

The home price you can afford to buy based on household income in Mason is 192% of the median home value which means housing prices are average

Mason (Warren County) ranks 71 out of 88 counties in Ohio and 1,747 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Mason, Ohio

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

Conforming loan limits for Mason, OH

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Mason, OH

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Mason, OH

1 unit: $484,350

Additional Mortgage Resources for Mason, OH Residents

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Sources

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