Compare mortgage rates and fees for leading lenders in Youngstown, 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 Youngstown.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Youngstown. Plus, shopping lenders is free and there is no obligation.
October 21, 2019
The current average rate for a 30 year fixed rate mortgage in Youngstown 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 Youngstown, OH (Mahoning County) is $113,422
The median household income for Youngstown, OH (Mahoning County) is $44,573
Based on current mortgage rates and a 10% down payment, you need to make $21,043 per year to buy the median priced home in Youngstown
The home price you can afford to buy based on household income in Youngstown is 212% of the median home value which means housing prices are affordable
Youngstown (Mahoning County) ranks 42 out of 88 counties in Ohio and 1,355 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Youngstown, OH is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Youngstown (Mahoning County) below.
Conforming loan limits for Youngstown, OH
FHA loan limits for Youngstown, OH
VA loan limits for Youngstown, 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