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Eugene

Current Mortgage Rates in Eugene, Oregon

Compare mortgage rates and fees for leading lenders in Eugene, 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 Eugene.

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

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Mortgage Rates in Eugene, OR as of January 19, 2020
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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.
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How Do Today's Eugene, OR Mortgage Rates Compare?

January 19, 2020

The current average rate for a 30 year fixed rate mortgage in Eugene 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
Eugene, OR Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Eugene, Oregon?

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

The median home value for Eugene, OR (Lane County) is $313,045

Based on current mortgage rates and a 10% down payment, you need to make $56,340 per year to buy the median priced home in Eugene

With this income, you could qualify for a $281,741 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 Eugene is $1,305

The median household income for Eugene, OR (Lane County) is $50,317

Based on this income, you can afford a home valued at approximately $279,579

The home price you can afford to buy based on household income in Eugene is 89% of the median home value which means housing prices are expensive. Eugene (Lane County) ranks 29 out of 36 counties in Oregon and 3,047 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Eugene, Oregon

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

Conforming loan limits for Eugene, OR

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Eugene, OR

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Eugene, OR

1 unit: $510,400

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