Compare Lawton, OK 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 Lawton.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Lawton. Plus, shopping lenders is free and there is no obligation.
October 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Lawton. Understand how much you need to earn to afford a home in Lawton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Lawton 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 Lawton is right for you.
The median home value for Lawton, OK (Comanche County) is $155,999
Based on current mortgage rates and a 10% down payment, you need to make $25,560 per year to buy the median priced home in Lawton
With this income, you could qualify for a $140,399 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 Lawton is $592
The median household income for Lawton, OK (Comanche County) is $55,449
Based on this income, you can afford a home valued at approximately $338,420
The home price you can afford to buy based on household income in Lawton is 217% of the median home value which means housing prices are affordable. Lawton (Comanche County) ranks 58 out of 77 counties in Oklahoma and 1,393 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Lawton, OK is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Lawton (Comanche County) below.
Conforming loan limits for Lawton, OK
FHA loan limits for Lawton, OK