Current Mortgage Rates in Mentor, Ohio

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

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

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Get Personalized Mortgage Quotes for Mentor, OH

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

The current average rate for a 30 year fixed rate mortgage in Mentor 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%

How Affordable is Housing in Mentor, Ohio?

Based on current mortgage rates and a 10% down payment, you need to make $31,453 per year to buy the median priced home in Mentor

The home price you can afford to by based on household income in Mentor is 200% of the median home value which means housing prices are affordable

Mentor (Lake County) ranks 57 out of 88 counties in Ohio and 1,584 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Mentor, OH is affordable

Loan Limits for Mentor, Ohio

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

Additional Mortgage Resources for Mentor, OH Residents

Mortgage Rates for Ohio Cities