Compare mortgage rates and fees for leading lenders in Burleson, TX. 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 Burleson.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Burleson. Plus, shopping lenders is free and there is no obligation.
July 14, 2020
The current average rate for a 30 year fixed rate mortgage in Burleson 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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Burleson. Understand how much you need to earn to afford a home in Burleson, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Burleson 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 Burleson is right for you.
The median home value for Burleson, TX (Johnson County) is $181,023
Based on current mortgage rates and a 10% down payment, you need to make $32,580 per year to buy the median priced home in Burleson
With this income, you could qualify for a $162,921 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 Burleson is $754
The median household income for Burleson, TX (Johnson County) is $63,762
Based on this income, you can afford a home valued at approximately $354,282
The home price you can afford to buy based on household income in Burleson is 196% of the median home value which means housing prices are average. Burleson (Johnson County) ranks 191 out of 254 counties in Texas and 1,661 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Burleson, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Burleson (Johnson County) below.
Conforming loan limits for Burleson, TX
FHA loan limits for Burleson, TX
VA loan limits for Burleson, TX