Compare mortgage rates and fees for leading lenders in College Station, 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 College Station.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in College Station. Plus, shopping lenders is free and there is no obligation.
April 9, 2020
The current average rate for a 30 year fixed rate mortgage in College Station 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 College Station. Understand how much you need to earn to afford a home in College Station, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in College Station 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 College Station is right for you.
The median home value for College Station, TX (Brazos County) is $218,278
Based on current mortgage rates and a 10% down payment, you need to make $39,284 per year to buy the median priced home in College Station
With this income, you could qualify for a $196,450 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 College Station is $910
The median household income for College Station, TX (Brazos County) is $46,306
Based on this income, you can afford a home valued at approximately $257,293
The home price you can afford to buy based on household income in College Station is 118% of the median home value which means housing prices are average. College Station (Brazos County) ranks 252 out of 254 counties in Texas and 2,867 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in College Station, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for College Station (Brazos County) below.
Conforming loan limits for College Station, TX
FHA loan limits for College Station, TX
VA loan limits for College Station, TX
Learn what price home you can afford to buy in College Station