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Compare Current Bossier City, Louisiana Mortgage Rates
Compare Bossier City, LA mortgage rates and fees from top lenders. 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 lowest 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.
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Bossier City, LA Mortgage Rates as of February 9, 2023
Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
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Compare Today's Bossier City, LA Mortgage Rates
February 9, 2023
Current mortgage rates in Bossier City, LA are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)
Mortgage Program
Today's Bossier City, LA Rates
National Average
Comparison
30 Year Fixed Rate
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6.090%
15 Year Fixed Rate
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5.140%
5/1 Adjustable Rate Mortgage
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5.125%
How Affordable is Housing in Bossier City, Louisiana?
Below we provide helpful information on the real estate market, home prices and housing affordability in Bossier City. Understand how much you need to earn to afford a home in Bossier City, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bossier City 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 Bossier City is right for you.
The median home value for Bossier City, LA (Bossier County) is $193,373
Based on current mortgage rates and a 10% down payment, you need to make $31,683 per year to buy the median priced home in Bossier City
With this income, you could qualify for a $174,035 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 Bossier City is $734
The median household income for Bossier City, LA (Bossier County) is $54,003
Based on this income, you can afford a home valued at approximately $329,593
The home price you can afford to buy based on household income in Bossier City is 170% of the median home value which means housing prices are average.
Bossier City (Bossier County) ranks 55 out of 64 counties in Louisiana and 2,297 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
Loan Limits for Bossier City, Louisiana
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
1 unit:$647,200
2 units:$828,700
3 units:$1,001,650
4 units:$1,244,850
FHA loan limits for Bossier City, LA
1 unit:$420,680
2 units:$538,650
3 units:$651,050
4 units:$809,150
VA loan limits for Bossier City, LA
1 unit:$647,200
Additional Mortgage Resources for Bossier City, LA Residents