Compare mortgage rates and fees for leading lenders in Bowling Green, KY. 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 Bowling Green.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Bowling Green. Plus, shopping lenders is free and there is no obligation.
December 12, 2019
The current average rate for a 30 year fixed rate mortgage in Bowling Green 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 Bowling Green, KY (Warren County) is $176,763
The median household income for Bowling Green, KY (Warren County) is $51,022
Based on current mortgage rates and a 10% down payment, you need to make $32,795 per year to buy the median priced home in Bowling Green
The home price you can afford to buy based on household income in Bowling Green is 156% of the median home value which means housing prices are average
Bowling Green (Warren County) ranks 117 out of 120 counties in Kentucky and 2,460 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bowling Green, KY is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bowling Green (Warren County) below.
Conforming loan limits for Bowling Green, KY
FHA loan limits for Bowling Green, KY
VA loan limits for Bowling Green, KY
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