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Bossier City

Current Mortgage Rates in Bossier City, Louisiana

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.

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Mortgage Rates in Bossier City, LA as of December 16, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Bossier City, LA Mortgage Rates Compare?

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%

Mortgage Program
Today's
Bossier City, LA Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Bossier City, Louisiana?

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

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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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Bossier City, LA

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Bossier City, LA

1 unit: $484,350

Additional Mortgage Resources for Bossier City, LA Residents

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Sources

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