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.
December 14, 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%
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
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
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