Compare mortgage rates and fees for leading lenders in Lawton, 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 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.
December 9, 2019
The current average rate for a 30 year fixed rate mortgage in Lawton 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 Lawton, OK (Comanche County) is $148,434
The median household income for Lawton, OK (Comanche County) is $51,084
Based on current mortgage rates and a 10% down payment, you need to make $27,539 per year to buy the median priced home in Lawton
The home price you can afford to buy based on household income in Lawton is 185% of the median home value which means housing prices are average
Lawton (Comanche County) ranks 73 out of 77 counties in Oklahoma and 1,869 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 average
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
VA loan limits for Lawton, 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