Compare Current Lawton, Oklahoma Mortgage Rates

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.

Lawton, OK Mortgage Rates as of June 12, 2024
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Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Lawton, OK Mortgage Rates

June 12, 2024

Current mortgage rates in Lawton, OK are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Lawton, OK Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Lawton, Oklahoma?

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 $183,665

Based on current mortgage rates and a 10% down payment, you need to make $38,315 per year to buy the median priced home in Lawton

With this income, you could qualify for a $165,298 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 $887

The median household income for Lawton, OK (Comanche County) is $50,045

Based on this income, you can afford a home valued at approximately $239,891

The home price you can afford to buy based on household income in Lawton is 131% of the median home value which means housing prices are average. Lawton (Comanche County) ranks 75 out of 77 counties in Oklahoma and 2,311 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


Loan Limits for Lawton, Oklahoma

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

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Lawton, OK

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Lawton, OK

1 unit: $726,200

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