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Shawnee

Current Mortgage Rates in Shawnee, Oklahoma

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.

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Mortgage Rates in Shawnee, OK as of August 18, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Shawnee, OK Mortgage Rates Compare?

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%

Mortgage Program
Today's
Shawnee, OK Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Shawnee, Oklahoma?

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

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Loan Limits for Shawnee, Oklahoma

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

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Shawnee, OK

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Shawnee, OK

1 unit: $484,350

Additional Mortgage Resources for Shawnee, OK Residents

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Sources

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