Compare Current Medford, Oregon Mortgage Rates

Compare Medford, 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 Medford.

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

Medford, OR Mortgage Rates as of June 19, 2024
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

Get Personalized Mortgage Quotes

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

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.

Get Free Personalized Mortgage Quotes

Compare Today's Medford, OR Mortgage Rates

June 19, 2024

Current mortgage rates in Medford, 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
Medford, OR Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Medford, Oregon?

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

The median home value for Medford, OR (Jackson County) is $393,772

Based on current mortgage rates and a 10% down payment, you need to make $82,147 per year to buy the median priced home in Medford

With this income, you could qualify for a $354,394 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 Medford is $1,902

The median household income for Medford, OR (Jackson County) is $65,187

Based on this income, you can afford a home valued at approximately $312,474

The home price you can afford to buy based on household income in Medford is 79% of the median home value which means housing prices are very expensive. Medford (Jackson County) ranks 29 out of 36 counties in Oregon and 3,010 out of 3,142 counties in the United States for housing affordability.

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


Loan Limits for Medford, Oregon

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

Conforming loan limits for Medford, OR

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

FHA loan limits for Medford, OR

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Medford, OR

1 unit: $726,200

Additional Mortgage Resources for Medford, OR Residents

Mortgage Rates for Oregon Cities

Albany Mortgage Rates

Bend Mortgage Rates

Clackamas Mortgage Rates

Corvallis Mortgage Rates

Eugene Mortgage Rates

Grants Pass Mortgage Rates

Hillsboro Mortgage Rates

Medford Mortgage Rates

Polk Mortgage Rates

Portland Mortgage Rates

Roseburg Mortgage Rates

Salem Mortgage Rates

Umatilla Mortgage Rates

Yamhill Mortgage Rates