Union County Conventional Mortgage Calculator

Union County’s conventional loan data reveals a market dominated by financially strong, owner-occupied buyers. The 25.53% average down payment and 74.47% loan-to-value (LTV) ratio indicate most borrowers have significant equity from the start. This higher down payment typically avoids private mortgage insurance (PMI), reducing monthly costs. With an average property value of $408,787.53 and a 7.172% interest rate, the effective 0.68% property tax rate is moderate. However, the recent 2.8% inflation-adjusted tax increase adds a slight upward pressure on true monthly affordability. For those using a conventional mortgage with taxes in Union County, OR, achieving 20% equity to cancel PMI is already satisfied by this market’s average down payment.