Compare mortgage rates and fees for leading lenders in Bossier City, LA. 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 Bossier City.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Bossier City. Plus, shopping lenders is free and there is no obligation.
December 16, 2019
The current average rate for a 30 year fixed rate mortgage in Bossier City 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 Bossier City, LA (Bossier County) is $168,866
The median household income for Bossier City, LA (Bossier County) is $53,739
Based on current mortgage rates and a 10% down payment, you need to make $31,330 per year to buy the median priced home in Bossier City
The home price you can afford to buy based on household income in Bossier City is 172% of the median home value which means housing prices are average
Bossier City (Bossier County) ranks 48 out of 64 counties in Louisiana and 2,169 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bossier City, LA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bossier City (Bossier County) below.
Conforming loan limits for Bossier City, LA
FHA loan limits for Bossier City, LA
VA loan limits for Bossier City, LA
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