»
»
Plano

Current Mortgage Rates in Plano, Texas

Compare mortgage rates and fees for leading lenders in Plano, 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 Plano.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Plano. Plus, shopping lenders is free and there is no obligation.

%
Mortgage Rates in Plano, TX as of February 18, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Plano, TX Mortgage Rates Compare?

February 18, 2020

The current average rate for a 30 year fixed rate mortgage in Plano 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%

Mortgage Program
Today's
Plano, TX Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Plano, Texas?

Below we provide helpful information on the real estate market, home prices and housing affordability in Plano. Understand how much you need to earn to afford a home in Plano, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Plano 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 Plano is right for you.

The median home value for Plano, TX (Collin County) is $373,333

Based on current mortgage rates and a 10% down payment, you need to make $67,190 per year to buy the median priced home in Plano

With this income, you could qualify for a $336,000 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 Plano is $1,556

The median household income for Plano, TX (Collin County) is $95,048

Based on this income, you can afford a home valued at approximately $528,123

The home price you can afford to buy based on household income in Plano is 141% of the median home value which means housing prices are average. Plano (Collin County) ranks 243 out of 254 counties in Texas and 2,646 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Plano, TX is average

orange-simple-house
ruler

Loan Limits for Plano, Texas

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Plano (Collin County) below.

Conforming loan limits for Plano, TX

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Plano, TX

1 unit: $404,800
2 units: $518,200
3 units: $626,400
4 units: $778,450

VA loan limits for Plano, TX

1 unit: $510,400

Additional Mortgage Resources for Plano, TX Residents

Mortgage Rates for Texas Cities

Abilene Mortgage Rates

Amarillo Mortgage Rates

Austin Mortgage Rates

Beaumont Mortgage Rates

Brazoria Mortgage Rates

Brownsville Mortgage Rates

Burleson Mortgage Rates

Canyon Mortgage Rates

College Station Mortgage Rates

Corpus Christi Mortgage Rates

Dallas Mortgage Rates

Denton Mortgage Rates

El Paso Mortgage Rates

Fort Worth Mortgage Rates

Galveston Mortgage Rates

Hays Mortgage Rates

Houston Mortgage Rates

Kaufman Mortgage Rates

Killeen Mortgage Rates

Laredo Mortgage Rates

Longview Mortgage Rates

Lubbock Mortgage Rates

McAllen Mortgage Rates

Midland Mortgage Rates

New Braunfels Mortgage Rates

Odessa Mortgage Rates

Plano Mortgage Rates

Round Rock Mortgage Rates

San Angelo Mortgage Rates

San Antonio Mortgage Rates

Schertz Mortgage Rates

Sherman Mortgage Rates

Sugar Land Mortgage Rates

The Woodlands Mortgage Rates

Tyler Mortgage Rates

Waco Mortgage Rates

Waxahachie Mortgage Rates

Weatherford Mortgage Rates

Wichita Falls Mortgage Rates