Compare El Paso, 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 El Paso.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in El Paso. Plus, shopping lenders is free and there is no obligation.
September 10, 2025
Below we provide helpful information on the real estate market, home prices and housing affordability in El Paso. Understand how much you need to earn to afford a home in El Paso, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in El Paso 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 El Paso is right for you.
The median home value for El Paso, TX is $171,847
Based on current mortgage rates and a 10% down payment, you need to make $35,850 per year to buy the median priced home in El Paso
With this income, you could qualify for a $154,662 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 El Paso is $830
The median household income for El Paso, TX is $51,789
Based on this income, you can afford a home valued at approximately $248,251
The home price you can afford to buy based on household income in El Paso is 144% of the median home value which means housing prices are average. El Paso ranks 197 out of 254 counties in Texas and 2,028 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in El Paso, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for El Paso below.
Conforming loan limits for El Paso, TX
FHA loan limits for El Paso, TX