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Bowling Green

Compare Current Bowling Green, Ohio Mortgage Rates

Compare Bowling Green, OH 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 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.

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Bowling Green, OH Mortgage Rates as of May 18, 2024
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Bowling Green, OH Mortgage Rates

May 18, 2024

Current mortgage rates in Bowling Green, OH 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
Bowling Green, OH Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Bowling Green, Ohio?

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, OH (Wood County) is $227,136

Based on current mortgage rates and a 10% down payment, you need to make $47,384 per year to buy the median priced home in Bowling Green

With this income, you could qualify for a $204,422 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 $1,097

The median household income for Bowling Green, OH (Wood County) is $64,549

Based on this income, you can afford a home valued at approximately $309,414

The home price you can afford to buy based on household income in Bowling Green is 136% of the median home value which means housing prices are average. Bowling Green (Wood County) ranks 83 out of 88 counties in Ohio and 2,202 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, OH is average

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Loan Limits for Bowling Green, Ohio

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bowling Green (Wood County) below.

Conforming loan limits for Bowling Green, OH

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Bowling Green, OH

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Bowling Green, OH

1 unit: $726,200

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