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Milford

Compare Current Milford, Ohio Mortgage Rates

Compare Milford, OH mortgage rates and fees from top lenders. 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 lowest 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.

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Milford, OH Mortgage Rates as of October 1, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Milford, OH Mortgage Rates

October 1, 2022

Current mortgage rates in Milford, OH are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Milford, OH Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.290%
15 Year Fixed Rate
%
5.440%
5/1 Adjustable Rate Mortgage
%
4.970%

How Affordable is Housing in Milford, Ohio?

Below we provide helpful information on the real estate market, home prices and housing affordability in Milford. Understand how much you need to earn to afford a home in Milford, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Milford 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 Milford is right for you.

The median home value for Milford, OH (Clermont County) is $240,155

Based on current mortgage rates and a 10% down payment, you need to make $39,348 per year to buy the median priced home in Milford

With this income, you could qualify for a $216,139 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 Milford is $911

The median household income for Milford, OH (Clermont County) is $73,223

Based on this income, you can afford a home valued at approximately $446,899

The home price you can afford to buy based on household income in Milford is 186% of the median home value which means housing prices are average. Milford (Clermont County) ranks 80 out of 88 counties in Ohio and 2,019 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 average

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Loan Limits for Milford, Ohio

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

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Milford, OH

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Milford, OH

1 unit: $647,200

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