Compare mortgage rates and fees for leading lenders in Hays, 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 Hays.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Hays. Plus, shopping lenders is free and there is no obligation.
July 7, 2020
The current average rate for a 30 year fixed rate mortgage in Hays 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 Hays. Understand how much you need to earn to afford a home in Hays, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Hays 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 Hays is right for you.
The median home value for Hays, TX is $275,174
Based on current mortgage rates and a 10% down payment, you need to make $49,524 per year to buy the median priced home in Hays
With this income, you could qualify for a $247,657 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 Hays is $1,147
The median household income for Hays, TX is $66,247
Based on this income, you can afford a home valued at approximately $368,094
The home price you can afford to buy based on household income in Hays is 134% of the median home value which means housing prices are average. Hays ranks 247 out of 254 counties in Texas and 2,739 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Hays, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hays below.
Conforming loan limits for Hays, TX
FHA loan limits for Hays, TX
VA loan limits for Hays, TX