Compare mortgage rates and fees for leading lenders in Shawnee, 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 Shawnee.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Shawnee. Plus, shopping lenders is free and there is no obligation.
August 18, 2019
The current average rate for a 30 year fixed rate mortgage in Shawnee 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 Shawnee, OK (Pottawatomie County) is $123,418
The median household income for Shawnee, OK (Pottawatomie County) is $47,570
Based on current mortgage rates and a 10% down payment, you need to make $22,898 per year to buy the median priced home in Shawnee
The home price you can afford to by based on household income in Shawnee is 208% of the median home value which means housing prices are affordable
Shawnee (Pottawatomie County) ranks 61 out of 77 counties in Oklahoma and 1,432 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Shawnee, OK is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Shawnee (Pottawatomie County) below.
Conforming loan limits for Shawnee, OK
FHA loan limits for Shawnee, OK
VA loan limits for Shawnee, 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