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Lender Tables
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Compare Current Grants Pass, Oregon Mortgage Rates
Compare Grants Pass, 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 Grants Pass.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Grants Pass. Plus, shopping lenders is free and there is no obligation.
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Grants Pass, OR Mortgage Rates as of July 27, 2024
Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
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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 Grants Pass, OR Mortgage Rates
July 27, 2024
Current mortgage rates in Grants Pass, 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
Today's Grants Pass, OR Rates
National Average
Comparison
30 Year Fixed Rate
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6.669%
15 Year Fixed Rate
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5.960%
5/1 Adjustable Rate Mortgage
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6.250%
How Affordable is Housing in Grants Pass, Oregon?
Below we provide helpful information on the real estate market, home prices and housing affordability in Grants Pass. Understand how much you need to earn to afford a home in Grants Pass, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Grants Pass 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 Grants Pass is right for you.
The median home value for Grants Pass, OR (Josephine County) is $388,322
Based on current mortgage rates and a 10% down payment, you need to make $81,010 per year to buy the median priced home in Grants Pass
With this income, you could qualify for a $349,490 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 Grants Pass is $1,876
The median household income for Grants Pass, OR (Josephine County) is $49,497
Based on this income, you can afford a home valued at approximately $237,265
The home price you can afford to buy based on household income in Grants Pass is 61% of the median home value which means housing prices are very expensive.
Grants Pass (Josephine County) ranks 36 out of 36 counties in Oregon and 3,105 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Grants Pass, OR is very expensive
Loan Limits for Grants Pass, Oregon
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Grants Pass (Josephine County) below.
Conforming loan limits for Grants Pass, OR
1 unit:$726,200
2 units:$929,850
3 units:$1,123,900
4 units:$1,396,800
FHA loan limits for Grants Pass, OR
1 unit:$472,030
2 units:$604,400
3 units:$730,525
4 units:$907,900
VA loan limits for Grants Pass, OR
1 unit:$726,200
Additional Mortgage Resources for Grants Pass, OR Residents