Compare mortgage rates and fees for leading lenders in Grants Pass, 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 Grants Pass.
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December 9, 2019
The current average rate for a 30 year fixed rate mortgage in Grants Pass 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 Grants Pass, OR (Josephine County) is $302,186
The median household income for Grants Pass, OR (Josephine County) is $41,949
Based on current mortgage rates and a 10% down payment, you need to make $56,065 per year to buy the median priced home in Grants Pass
The home price you can afford to buy based on household income in Grants Pass is 75% 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 3,099 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
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
FHA loan limits for Grants Pass, OR
VA loan limits for Grants Pass, 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