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.
September 30, 2020
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%
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 $277,085
Based on current mortgage rates and a 10% down payment, you need to make $49,868 per year to buy the median priced home in Bonner
With this income, you could qualify for a $249,377 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 $1,155
The median household income for Bonner, ID is $48,099
Based on this income, you can afford a home valued at approximately $267,255
The home price you can afford to buy based on household income in Bonner is 96% of the median home value which means housing prices are expensive. Bonner ranks 40 out of 44 counties in Idaho and 3,013 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