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Bristol

Current Mortgage Rates in Bristol, Rhode Island

Compare mortgage rates and fees for leading lenders in Bristol, RI. 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 Bristol.

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

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Mortgage Rates in Bristol, RI as of December 12, 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 Bristol, RI Mortgage Rates Compare?

December 12, 2019

The current average rate for a 30 year fixed rate mortgage in Bristol 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
Bristol, RI 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 Bristol, Rhode Island?

The median home value for Bristol, RI is $353,246

The median household income for Bristol, RI is $76,912

Based on current mortgage rates and a 10% down payment, you need to make $65,538 per year to buy the median priced home in Bristol

The home price you can afford to buy based on household income in Bristol is 117% of the median home value which means housing prices are average

Bristol ranks 3 out of 5 counties in Rhode Island and 2,883 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Bristol, RI is average

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Loan Limits for Bristol, Rhode Island

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

Conforming loan limits for Bristol, RI

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

FHA loan limits for Bristol, RI

1 unit: $454,250
2 units: $581,500
3 units: $702,900
4 units: $873,550

VA loan limits for Bristol, RI

1 unit: $484,350

Additional Mortgage Resources for Bristol, RI Residents

Mortgage Rates for Rhode Island Cities

Bristol Mortgage Rates

Newport Mortgage Rates

Providence Mortgage Rates

South Kingstown Mortgage Rates

Warwick Mortgage Rates

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