»
»
Amarillo

Compare Current Amarillo, Texas Mortgage Rates

Compare Amarillo, TX 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 Amarillo.

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

%
Amarillo, TX Mortgage Rates as of October 1, 2022
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact
Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

Compare Today's Amarillo, TX Mortgage Rates

October 1, 2022

Current mortgage rates in Amarillo, TX 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
Amarillo, TX Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.290%
15 Year Fixed Rate
%
5.440%
5/1 Adjustable Rate Mortgage
%
4.970%

How Affordable is Housing in Amarillo, Texas?

Below we provide helpful information on the real estate market, home prices and housing affordability in Amarillo. Understand how much you need to earn to afford a home in Amarillo, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Amarillo 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 Amarillo is right for you.

The median home value for Amarillo, TX (Potter County) is $121,118

Based on current mortgage rates and a 10% down payment, you need to make $19,845 per year to buy the median priced home in Amarillo

With this income, you could qualify for a $109,006 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 Amarillo is $460

The median household income for Amarillo, TX (Potter County) is $40,313

Based on this income, you can afford a home valued at approximately $246,044

The home price you can afford to buy based on household income in Amarillo is 203% of the median home value which means housing prices are affordable. Amarillo (Potter County) ranks 183 out of 254 counties in Texas and 1,659 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Amarillo, TX is affordable

orange-simple-house
ruler

Loan Limits for Amarillo, Texas

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

Conforming loan limits for Amarillo, TX

1 unit: $647,200
2 units: $828,700
3 units: $1,001,650
4 units: $1,244,850

FHA loan limits for Amarillo, TX

1 unit: $420,680
2 units: $538,650
3 units: $651,050
4 units: $809,150

VA loan limits for Amarillo, TX

1 unit: $647,200

Additional Mortgage Resources for Amarillo, TX Residents

Mortgage Rates for Texas Cities

Abilene Mortgage Rates

Amarillo Mortgage Rates

Austin Mortgage Rates

Beaumont Mortgage Rates

Brazoria Mortgage Rates

Brownsville Mortgage Rates

Burleson Mortgage Rates

Canyon Mortgage Rates

College Station Mortgage Rates

Corpus Christi Mortgage Rates

Dallas Mortgage Rates

Denton Mortgage Rates

El Paso Mortgage Rates

Fort Worth Mortgage Rates

Galveston Mortgage Rates

Hays Mortgage Rates

Houston Mortgage Rates

Kaufman Mortgage Rates

Killeen Mortgage Rates

Laredo Mortgage Rates

Longview Mortgage Rates

Lubbock Mortgage Rates

McAllen Mortgage Rates

Midland Mortgage Rates

New Braunfels Mortgage Rates

Odessa Mortgage Rates

Plano Mortgage Rates

Round Rock Mortgage Rates

San Angelo Mortgage Rates

San Antonio Mortgage Rates

Schertz Mortgage Rates

Sherman Mortgage Rates

Sugar Land Mortgage Rates

The Woodlands Mortgage Rates

Tyler Mortgage Rates

Waco Mortgage Rates

Waxahachie Mortgage Rates

Weatherford Mortgage Rates

Wichita Falls Mortgage Rates