Compare mortgage rates and fees for leading lenders in Bridgeport, CT. 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 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.
July 5, 2020
The current average rate for a 30 year fixed rate mortgage in Bridgeport 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 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 $447,454
Based on current mortgage rates and a 10% down payment, you need to make $80,530 per year to buy the median priced home in Bridgeport
With this income, you could qualify for a $402,709 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 $1,865
The median household income for Bridgeport, CT (Fairfield County) is $94,678
Based on this income, you can afford a home valued at approximately $526,066
The home price you can afford to buy based on household income in Bridgeport is 118% of the median home value which means housing prices are average. Bridgeport (Fairfield County) ranks 8 out of 8 counties in Connecticut and 2,870 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