Compare mortgage rates and fees for leading lenders in San Angelo, 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 San Angelo.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in San Angelo. Plus, shopping lenders is free and there is no obligation.
July 9, 2020
The current average rate for a 30 year fixed rate mortgage in San Angelo 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 San Angelo. Understand how much you need to earn to afford a home in San Angelo, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in San Angelo 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 San Angelo is right for you.
The median home value for San Angelo, TX (Tom Green County) is $164,184
Based on current mortgage rates and a 10% down payment, you need to make $29,549 per year to buy the median priced home in San Angelo
With this income, you could qualify for a $147,766 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 San Angelo is $684
The median household income for San Angelo, TX (Tom Green County) is $52,376
Based on this income, you can afford a home valued at approximately $291,017
The home price you can afford to buy based on household income in San Angelo is 177% of the median home value which means housing prices are average. San Angelo (Tom Green County) ranks 209 out of 254 counties in Texas and 2,013 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in San Angelo, TX is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for San Angelo (Tom Green County) below.
Conforming loan limits for San Angelo, TX
FHA loan limits for San Angelo, TX
VA loan limits for San Angelo, TX