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.
August 19, 2019
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%
The median home value for Bridgeport, CT (Fairfield County) is $434,844
The median household income for Bridgeport, CT (Fairfield County) is $92,517
Based on current mortgage rates and a 10% down payment, you need to make $80,677 per year to buy the median priced home in Bridgeport
The home price you can afford to by based on household income in Bridgeport is 115% of the median home value which means housing prices are average
Bridgeport (Fairfield County) ranks 8 out of 8 counties in Connecticut and 2,905 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
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