Compare mortgage rates and fees for leading lenders in Killeen, 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 Killeen.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Killeen. Plus, shopping lenders is free and there is no obligation.
September 25, 2020
The current average rate for a 30 year fixed rate mortgage in Killeen 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 Killeen. Understand how much you need to earn to afford a home in Killeen, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Killeen 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 Killeen is right for you.
The median home value for Killeen, TX (Bell County) is $176,979
Based on current mortgage rates and a 10% down payment, you need to make $31,852 per year to buy the median priced home in Killeen
With this income, you could qualify for a $159,281 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 Killeen is $738
The median household income for Killeen, TX (Bell County) is $55,456
Based on this income, you can afford a home valued at approximately $308,134
The home price you can afford to buy based on household income in Killeen is 174% of the median home value which means housing prices are average. Killeen (Bell County) ranks 214 out of 254 counties in Texas and 2,087 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Killeen, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Killeen (Bell County) below.
Conforming loan limits for Killeen, TX
FHA loan limits for Killeen, TX
VA loan limits for Killeen, TX