Compare Bonner, 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 Bonner.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Bonner. Plus, shopping lenders is free and there is no obligation.
January 21, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Bonner. Understand how much you need to earn to afford a home in Bonner, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bonner 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 Bonner is right for you.
The median home value for Bonner, ID is $379,266
Based on current mortgage rates and a 10% down payment, you need to make $62,141 per year to buy the median priced home in Bonner
With this income, you could qualify for a $341,340 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 Bonner is $1,439
The median household income for Bonner, ID is $54,320
Based on this income, you can afford a home valued at approximately $331,533
The home price you can afford to buy based on household income in Bonner is 87% of the median home value which means housing prices are expensive. Bonner ranks 42 out of 44 counties in Idaho and 3,083 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bonner, ID is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bonner below.
Conforming loan limits for Bonner, ID
FHA loan limits for Bonner, ID
VA loan limits for Bonner, ID