Compare mortgage rates and fees for leading lenders in Claremore, OK. 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 Claremore.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Claremore. Plus, shopping lenders is free and there is no obligation.
October 23, 2019
The current average rate for a 30 year fixed rate mortgage in Claremore 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 Claremore, OK (Rogers County) is $163,485
The median household income for Claremore, OK (Rogers County) is $63,195
Based on current mortgage rates and a 10% down payment, you need to make $30,332 per year to buy the median priced home in Claremore
The home price you can afford to buy based on household income in Claremore is 208% of the median home value which means housing prices are affordable
Claremore (Rogers County) ranks 60 out of 77 counties in Oklahoma and 1,419 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Claremore, OK is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Claremore (Rogers County) below.
Conforming loan limits for Claremore, OK
FHA loan limits for Claremore, OK
VA loan limits for Claremore, OK
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