Compare Bingham, ID 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 Bingham.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Bingham. Plus, shopping lenders is free and there is no obligation.
December 1, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Bingham. Understand how much you need to earn to afford a home in Bingham, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bingham 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 Bingham is right for you.
The median home value for Bingham, ID is $238,869
Based on current mortgage rates and a 10% down payment, you need to make $39,138 per year to buy the median priced home in Bingham
With this income, you could qualify for a $214,982 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 Bingham is $906
The median household income for Bingham, ID is $59,958
Based on this income, you can afford a home valued at approximately $365,942
The home price you can afford to buy based on household income in Bingham is 153% of the median home value which means housing prices are average. Bingham ranks 5 out of 44 counties in Idaho and 2,547 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bingham, ID is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bingham below.
Conforming loan limits for Bingham, ID
FHA loan limits for Bingham, ID
VA loan limits for Bingham, ID