Compare mortgage rates and fees for leading lenders in Bonner, 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 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.
October 22, 2019
The current average rate for a 30 year fixed rate mortgage in Bonner 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 Bonner, ID is $250,983
The median household income for Bonner, ID is $47,001
Based on current mortgage rates and a 10% down payment, you need to make $46,565 per year to buy the median priced home in Bonner
The home price you can afford to buy based on household income in Bonner is 101% of the median home value which means housing prices are average
Bonner ranks 40 out of 44 counties in Idaho and 2,999 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 average
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
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