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Bronx

Compare Current Bronx, New York Mortgage Rates

Compare Bronx, NY 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 Bronx.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Bronx. Plus, shopping lenders is free and there is no obligation.

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Bronx, NY Mortgage Rates as of May 26, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's Bronx, NY Mortgage Rates

May 26, 2022

Current mortgage rates in Bronx, NY 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
Bronx, NY Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.250%
15 Year Fixed Rate
%
4.430%
5/1 Adjustable Rate Mortgage
%
4.080%

How Affordable is Housing in Bronx, New York?

Below we provide helpful information on the real estate market, home prices and housing affordability in Bronx. Understand how much you need to earn to afford a home in Bronx, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bronx 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 Bronx is right for you.

The median home value for Bronx, NY is $540,670

Based on current mortgage rates and a 10% down payment, you need to make $88,587 per year to buy the median priced home in Bronx

With this income, you could qualify for a $486,603 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 Bronx is $2,052

The median household income for Bronx, NY is $44,783

Based on this income, you can afford a home valued at approximately $273,322

The home price you can afford to buy based on household income in Bronx is 51% of the median home value which means housing prices are very expensive. Bronx ranks 60 out of 62 counties in New York and 3,140 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Bronx, NY is very expensive

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Loan Limits for Bronx, New York

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bronx below.

Conforming loan limits for Bronx, NY

1 unit: $970,800
2 units: $1,243,050
3 units: $1,502,475
4 units: $1,867,275

FHA loan limits for Bronx, NY

1 unit: $970,800
2 units: $1,243,050
3 units: $1,502,475
4 units: $1,867,275

VA loan limits for Bronx, NY

1 unit: $970,800

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