Compare Eugene, 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 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.
January 24, 2022
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 $388,623
Based on current mortgage rates and a 10% down payment, you need to make $63,674 per year to buy the median priced home in Eugene
With this income, you could qualify for a $349,760 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 $1,475
The median household income for Eugene, OR (Lane County) is $61,961
Based on this income, you can afford a home valued at approximately $378,166
The home price you can afford to buy based on household income in Eugene is 97% of the median home value which means housing prices are expensive. Eugene (Lane County) ranks 28 out of 36 counties in Oregon and 3,036 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
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
FHA loan limits for Eugene, OR
VA loan limits for Eugene, OR