Compare Current Corvallis, Oregon Mortgage Rates

Compare Corvallis, OR 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 Corvallis.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Corvallis. Plus, shopping lenders is free and there is no obligation.

Corvallis, OR Mortgage Rates as of June 15, 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 Corvallis, OR Mortgage Rates

June 15, 2024

Current mortgage rates in Corvallis, OR 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
Corvallis, OR Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Corvallis, Oregon?

Below we provide helpful information on the real estate market, home prices and housing affordability in Corvallis. Understand how much you need to earn to afford a home in Corvallis, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Corvallis 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 Corvallis is right for you.

The median home value for Corvallis, OR (Benton County) is $502,919

Based on current mortgage rates and a 10% down payment, you need to make $104,917 per year to buy the median priced home in Corvallis

With this income, you could qualify for a $452,627 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 Corvallis is $2,430

The median household income for Corvallis, OR (Benton County) is $65,100

Based on this income, you can afford a home valued at approximately $312,055

The home price you can afford to buy based on household income in Corvallis is 62% of the median home value which means housing prices are very expensive. Corvallis (Benton County) ranks 35 out of 36 counties in Oregon and 3,101 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Corvallis, OR is very expensive


Loan Limits for Corvallis, Oregon

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Corvallis (Benton County) below.

Conforming loan limits for Corvallis, OR

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

FHA loan limits for Corvallis, OR

1 unit: $560,050
2 units: $716,950
3 units: $866,650
4 units: $1,077,050

VA loan limits for Corvallis, OR

1 unit: $726,200

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