Compare Kaufman, 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 Kaufman.
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May 28, 2023
Below we provide helpful information on the real estate market, home prices and housing affordability in Kaufman. Understand how much you need to earn to afford a home in Kaufman, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Kaufman 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 Kaufman is right for you.
The median home value for Kaufman, TX is $304,758
Based on current mortgage rates and a 10% down payment, you need to make $63,577 per year to buy the median priced home in Kaufman
With this income, you could qualify for a $274,282 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 Kaufman is $1,472
The median household income for Kaufman, TX is $73,229
Based on this income, you can afford a home valued at approximately $351,022
The home price you can afford to buy based on household income in Kaufman is 115% of the median home value which means housing prices are average. Kaufman ranks 235 out of 254 counties in Texas and 2,587 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Kaufman, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Kaufman below.
Conforming loan limits for Kaufman, TX
FHA loan limits for Kaufman, TX
VA loan limits for Kaufman, TX
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