Compare Bensalem, PA 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 Bensalem.
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May 23, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Bensalem. Understand how much you need to earn to afford a home in Bensalem, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Bensalem 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 Bensalem is right for you.
The median home value for Bensalem, PA (Bucks County) is $416,259
Based on current mortgage rates and a 10% down payment, you need to make $68,202 per year to buy the median priced home in Bensalem
With this income, you could qualify for a $374,633 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 Bensalem is $1,579
The median household income for Bensalem, PA (Bucks County) is $101,350
Based on this income, you can afford a home valued at approximately $618,570
The home price you can afford to buy based on household income in Bensalem is 149% of the median home value which means housing prices are average. Bensalem (Bucks County) ranks 64 out of 67 counties in Pennsylvania and 2,610 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