Compare mortgage rates and fees for leading lenders in Bradenton, FL. 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 Bradenton.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Bradenton. Plus, shopping lenders is free and there is no obligation.
December 12, 2019
The current average rate for a 30 year fixed rate mortgage in Bradenton 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 Bradenton, FL (Manatee County) is $255,419
The median household income for Bradenton, FL (Manatee County) is $55,041
Based on current mortgage rates and a 10% down payment, you need to make $47,388 per year to buy the median priced home in Bradenton
The home price you can afford to buy based on household income in Bradenton is 116% of the median home value which means housing prices are average
Bradenton (Manatee County) ranks 56 out of 67 counties in Florida and 2,892 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bradenton, FL is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bradenton (Manatee County) below.
Conforming loan limits for Bradenton, FL
FHA loan limits for Bradenton, FL
VA loan limits for Bradenton, FL
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