Compare mortgage rates and fees for leading lenders in Bensalem, PA. 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 Bensalem.
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December 12, 2019
The current average rate for a 30 year fixed rate mortgage in Bensalem 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 Bensalem, PA (Bucks County) is $341,402
The median household income for Bensalem, PA (Bucks County) is $84,539
Based on current mortgage rates and a 10% down payment, you need to make $63,341 per year to buy the median priced home in Bensalem
The home price you can afford to buy based on household income in Bensalem is 133% of the median home value which means housing prices are average
Bensalem (Bucks County) ranks 65 out of 67 counties in Pennsylvania and 2,755 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Bensalem, PA is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Bensalem (Bucks County) below.
Conforming loan limits for Bensalem, PA
FHA loan limits for Bensalem, PA
VA loan limits for Bensalem, PA
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