Compare mortgage rates and fees for leading lenders in Clackamas, OR. 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 Clackamas.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Clackamas. Plus, shopping lenders is free and there is no obligation.
December 14, 2019
The current average rate for a 30 year fixed rate mortgage in Clackamas 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 Clackamas, OR is $450,683
The median household income for Clackamas, OR is $74,622
Based on current mortgage rates and a 10% down payment, you need to make $83,616 per year to buy the median priced home in Clackamas
The home price you can afford to buy based on household income in Clackamas is 89% of the median home value which means housing prices are expensive
Clackamas ranks 30 out of 36 counties in Oregon and 3,053 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Clackamas, OR is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Clackamas below.
Conforming loan limits for Clackamas, OR
FHA loan limits for Clackamas, OR
VA loan limits for Clackamas, OR
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