Compare mortgage rates and fees for leading lenders in Yamhill, 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 Yamhill.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Yamhill. Plus, shopping lenders is free and there is no obligation.
April 7, 2020
The current average rate for a 30 year fixed rate mortgage in Yamhill 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Yamhill. Understand how much you need to earn to afford a home in Yamhill, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Yamhill 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 Yamhill is right for you.
The median home value for Yamhill, OR is $374,490
Based on current mortgage rates and a 10% down payment, you need to make $67,399 per year to buy the median priced home in Yamhill
With this income, you could qualify for a $337,041 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 Yamhill is $1,561
The median household income for Yamhill, OR is $61,583
Based on this income, you can afford a home valued at approximately $342,175
The home price you can afford to buy based on household income in Yamhill is 91% of the median home value which means housing prices are expensive. Yamhill ranks 28 out of 36 counties in Oregon and 3,037 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Yamhill, OR is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Yamhill below.
Conforming loan limits for Yamhill, OR
FHA loan limits for Yamhill, OR
VA loan limits for Yamhill, OR