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Hillsboro

Compare Current Hillsboro, Oregon Mortgage Rates

Compare Hillsboro, 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 Hillsboro.

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

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Hillsboro, OR Mortgage Rates as of May 18, 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 Hillsboro, OR Mortgage Rates

May 18, 2024

Current mortgage rates in Hillsboro, 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
Hillsboro, OR Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Hillsboro, Oregon?

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

The median home value for Hillsboro, OR (Washington County) is $537,208

Based on current mortgage rates and a 10% down payment, you need to make $112,070 per year to buy the median priced home in Hillsboro

With this income, you could qualify for a $483,487 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 Hillsboro is $2,595

The median household income for Hillsboro, OR (Washington County) is $93,492

Based on this income, you can afford a home valued at approximately $448,155

The home price you can afford to buy based on household income in Hillsboro is 83% of the median home value which means housing prices are expensive. Hillsboro (Washington County) ranks 23 out of 36 counties in Oregon and 2,973 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for Hillsboro, Oregon

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

Conforming loan limits for Hillsboro, OR

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

FHA loan limits for Hillsboro, OR

1 unit: $672,750
2 units: $861,250
3 units: $1,041,050
4 units: $1,293,750

VA loan limits for Hillsboro, OR

1 unit: $726,200

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