Compare Bridgeport, CT 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 Bridgeport.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Bridgeport. Plus, shopping lenders is free and there is no obligation.
June 25, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Bridgeport. Understand how much you need to earn to afford a home in Bridgeport, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bridgeport 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 Bridgeport is right for you.
The median home value for Bridgeport, CT (Fairfield County) is $540,068
Based on current mortgage rates and a 10% down payment, you need to make $88,488 per year to buy the median priced home in Bridgeport
With this income, you could qualify for a $486,061 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 Bridgeport is $2,049
The median household income for Bridgeport, CT (Fairfield County) is $104,902
Based on this income, you can afford a home valued at approximately $640,247
The home price you can afford to buy based on household income in Bridgeport is 119% of the median home value which means housing prices are average. Bridgeport (Fairfield County) ranks 8 out of 8 counties in Connecticut and 2,897 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bridgeport, CT is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bridgeport (Fairfield County) below.
Conforming loan limits for Bridgeport, CT
FHA loan limits for Bridgeport, CT
VA loan limits for Bridgeport, CT