Compare mortgage rates and fees for leading lenders in Milford, 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 Milford.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Milford. Plus, shopping lenders is free and there is no obligation.
December 10, 2019
The current average rate for a 30 year fixed rate mortgage in Milford 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 Milford, OH (Clermont County) is $173,613
The median household income for Milford, OH (Clermont County) is $66,145
Based on current mortgage rates and a 10% down payment, you need to make $32,211 per year to buy the median priced home in Milford
The home price you can afford to buy based on household income in Milford is 205% of the median home value which means housing prices are affordable
Milford (Clermont County) ranks 49 out of 88 counties in Ohio and 1,483 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Milford, OH is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Milford (Clermont County) below.
Conforming loan limits for Milford, OH
FHA loan limits for Milford, OH
VA loan limits for Milford, 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