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.
July 9, 2020
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%
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 $155,707
Based on current mortgage rates and a 10% down payment, you need to make $28,023 per year to buy the median priced home in Lawton
With this income, you could qualify for a $140,136 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 $649
The median household income for Lawton, OK (Comanche County) is $52,278
Based on this income, you can afford a home valued at approximately $290,472
The home price you can afford to buy based on household income in Lawton is 187% of the median home value which means housing prices are average. Lawton (Comanche County) ranks 72 out of 77 counties in Oklahoma and 1,829 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