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Compare Laredo, 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 Laredo.
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Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
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Compare Today's Laredo, TX Mortgage Rates
May 28, 2023
Current mortgage rates in Laredo, TX are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)
Mortgage Program
Today's Laredo, TX Rates
National Average
Comparison
30 Year Fixed Rate
%
6.390%
15 Year Fixed Rate
%
5.750%
5/1 Adjustable Rate Mortgage
%
6.000%
How Affordable is Housing in Laredo, Texas?
Below we provide helpful information on the real estate market, home prices and housing affordability in Laredo. Understand how much you need to earn to afford a home in Laredo, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Laredo 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 Laredo is right for you.
The median home value for Laredo, TX (Webb County) is $181,229
Based on current mortgage rates and a 10% down payment, you need to make $37,807 per year to buy the median priced home in Laredo
With this income, you could qualify for a $163,106 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 Laredo is $876
The median household income for Laredo, TX (Webb County) is $52,624
Based on this income, you can afford a home valued at approximately $252,254
The home price you can afford to buy based on household income in Laredo is 139% of the median home value which means housing prices are average.
Laredo (Webb County) ranks 203 out of 254 counties in Texas and 2,142 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Laredo, TX is average
Loan Limits for Laredo, Texas
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Laredo (Webb County) below.
Conforming loan limits for Laredo, TX
1 unit:$726,200
2 units:$929,850
3 units:$1,123,900
4 units:$1,396,800
FHA loan limits for Laredo, TX
1 unit:$472,030
2 units:$604,400
3 units:$730,525
4 units:$907,900
VA loan limits for Laredo, TX
1 unit:$726,200
Additional Mortgage Resources for Laredo, TX Residents