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Bingham

Current Mortgage Rates in Bingham, Idaho

Compare mortgage rates and fees for leading lenders in Bingham, ID. 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 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.

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Mortgage Rates in Bingham, ID as of October 23, 2019
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Bingham, ID Mortgage Rates Compare?

October 23, 2019

The current average rate for a 30 year fixed rate mortgage in Bingham 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%

Mortgage Program
Today's
Bingham, ID Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Bingham, Idaho?

The median home value for Bingham, ID is $166,120

The median household income for Bingham, ID is $52,875

Based on current mortgage rates and a 10% down payment, you need to make $30,820 per year to buy the median priced home in Bingham

The home price you can afford to buy based on household income in Bingham is 172% of the median home value which means housing prices are average

Bingham ranks 10 out of 44 counties in Idaho and 2,168 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

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Loan Limits for Bingham, Idaho

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

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Bingham, ID

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Bingham, ID

1 unit: $484,350

Additional Mortgage Resources for Bingham, ID Residents

Mortgage Rates for Idaho Cities

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Pocatello Mortgage Rates

Twin Falls Mortgage Rates

Sources

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