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.
October 23, 2019
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%
The median home value for Yamhill, OR is $344,201
The median household income for Yamhill, OR is $60,177
Based on current mortgage rates and a 10% down payment, you need to make $63,860 per year to buy the median priced home in Yamhill
The home price you can afford to buy based on household income in Yamhill is 94% of the median home value which means housing prices are expensive
Yamhill ranks 28 out of 36 counties in Oregon and 3,033 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
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