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.
July 6, 2020
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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Bowling Green. Understand how much you need to earn to afford a home in Bowling Green, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bowling Green 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 Bowling Green is right for you.
The median home value for Bowling Green, KY (Warren County) is $184,717
Based on current mortgage rates and a 10% down payment, you need to make $33,244 per year to buy the median priced home in Bowling Green
With this income, you could qualify for a $166,245 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 Bowling Green is $770
The median household income for Bowling Green, KY (Warren County) is $52,213
Based on this income, you can afford a home valued at approximately $290,115
The home price you can afford to buy based on household income in Bowling Green is 157% of the median home value which means housing prices are average. Bowling Green (Warren County) ranks 117 out of 120 counties in Kentucky and 2,410 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