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Medford

Current Mortgage Rates in Medford, Oregon

Compare mortgage rates and fees for leading lenders in Medford, 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 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.

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Mortgage Rates in Medford, OR as of April 3, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Medford, OR Mortgage Rates Compare?

April 3, 2020

The current average rate for a 30 year fixed rate mortgage in Medford 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%

Mortgage Program
Today's
Medford, OR Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

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 $334,744

Based on current mortgage rates and a 10% down payment, you need to make $60,245 per year to buy the median priced home in Medford

With this income, you could qualify for a $301,270 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 $1,395

The median household income for Medford, OR (Jackson County) is $51,348

Based on this income, you can afford a home valued at approximately $285,310

The home price you can afford to buy based on household income in Medford is 85% of the median home value which means housing prices are expensive. Medford (Jackson County) ranks 31 out of 36 counties in Oregon and 3,068 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 expensive

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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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Medford, OR

1 unit: $333,500
2 units: $426,950
3 units: $516,050
4 units: $641,350

VA loan limits for Medford, OR

1 unit: $510,400

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