The next step is hunting down the best mortgage for that Bowie home for purchasing or refinancing. An excellent starting point is here: simply give us an idea of the type of loan you want. You will receive bids from multiple Bowie lenders that will compete to provide a loan at the lowest rate, matching you with nearly 6 Bowie mortgage lenders. Your mortgage may be for a new home, refinancing or perhaps a home equity loan - in any case, the best way to start is to see what everybody offers.

How much of a Mortgage?

Mortgage affordability is important to the bank, but crucial for you. As of 2005, the average Bowie mortgage payment was $1,469 which will give you an idea of what you can expect even with historically low rates. Our mortgage calculator will help you plug in the critical components so that you can determine how large a home loan is reasonable for your Bowie home.

Bowie is a major city in Maryland with no shortage of reputable mortgage lending institutions. These include financial houses working with us such as: Ameribanq Mortgage Group llc, Washington Savings Bank Fsb, Bell Financial Corp, Bell Mortgage And Finance Corporation, Access National Mortgage Corporation, International Mortgage Corp,

Bowie Mortgage & Real Estate Market

In 2006 Bowie housing sales were at an all time high; down recently but leveling off. As of 2005, the median home value in Bowie was $158,100. This number is big in comparison to the median home value back in 2000 of $158,100. Bowie has a solid home ownership base with 18,718 houses and apartments and 83% of those are occupied by their owners. Despite the current market, historically Bowie has been a city where people move, buy and stay - with 66% of homeowners currently paying off a mortgage. About 22% of the city's current homeowners are carrying a second mortgage or home equity loan.

American Mortgage
1010 Berlin Road Cherry Hill, NJ	Phone: 856-488-4233 Ask for: Gigliotti Mike
Special Mortgage Programs
Call a loan officer today at 856-488-4233 or Apply On-Line Today!!

Housing	Bowie, MD	United States
Homes Rented	15.66%	21.45%
Homes Owned	81.18%	64.07%
Median Home Cost	$437,100	$217,200
Home Appreciation	21.20%	9.80%

Location	Population	Median Family Income (2005)
Aspen Hill	50,228	$63,340
Baltimore	651,154	$30,078
Bel Air South	39,711	$62,064
Bethesda	55,277	$99,102
Bowie	50,269	$76,778
Catonsville	39,820	$53,061

Category	Value
Homes With No Mortgage	12%
Second Mortgage Only	10%
Home Equity Loan Only	11%
First Mortgage Only	66%
2nd Mortgage or Home Equity	22%

Mortgage Type	Today	Last Week	Change
30 yr fixed	6.03	6.24	0.035%
15 yr fixed	5.47	5.72	0.046%
5/1 ARM	5.34	5.43	0.017%
3/1 ARM	5.48	5.42	0.011%

Your dream of home ownership, refinancing, or using your homes equity might just be an
application away. Simply fill out our short form and get quotes from mortgage lenders near you!

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