Compare Waxahachie, 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 Waxahachie.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Waxahachie. Plus, shopping lenders is free and there is no obligation.
May 26, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Waxahachie. Understand how much you need to earn to afford a home in Waxahachie, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Waxahachie 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 Waxahachie is right for you.
The median home value for Waxahachie, TX (Ellis County) is $155,495
Based on current mortgage rates and a 10% down payment, you need to make $25,477 per year to buy the median priced home in Waxahachie
With this income, you could qualify for a $139,945 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 Waxahachie is $590
The median household income for Waxahachie, TX (Ellis County) is $52,858
Based on this income, you can afford a home valued at approximately $322,607
The home price you can afford to buy based on household income in Waxahachie is 207% of the median home value which means housing prices are affordable. Waxahachie (Ellis County) ranks 176 out of 254 counties in Texas and 1,575 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Waxahachie, TX is affordable
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Waxahachie (Ellis County) below.
Conforming loan limits for Waxahachie, TX
FHA loan limits for Waxahachie, TX
VA loan limits for Waxahachie, TX