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Mortgage rates are decreasing and are projected to continue on that path. Loan officers and real estate agents in El Paso tell KTSM more people who previously didn’t qualify to buy a home can now qualify because of the lower mortgage rates. However they wanna make sure buyers always take into consideration paying property taxes.
Rates are currently at about 4% for a 30-year fixed mortgage and you can refinance up to 90% of your existing mortgage, even if you’re credit’s not great and that’s where a local El Paso mortgage lender can help.
At 63.9 percent, the overall homeownership rate for households across the country was more than double that of single mothers, though it was also down from nearly 70 percent in 2010. Over the same.
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New home purchases are our speciality and offer FHA home loans, VA home loans, and conventional home loans in El Paso. With ultra low mortgage rates, low fees and fast closings you can rest assure that your home loan will go smoothly and seamlessly from application to close.
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According to the Texas Board of Realtors, the median home price in the El Paso area was $155,000 in the first quarter of 2019, which represents a 4.8% increase from the previous year. That’s higher than the statewide average of 2.7%.
We offer a variety of loans* with flexible terms and low competitive rates, including buying a home, purchasing a car or taking that once-in-a-lifetime family vacation. We can even help you refinance** or improve the home you already own.*Apply **Limitations and other conditions apply to existing GECU mortgage loans.
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Looking for home mortgage rates in Texas? View loan interest rates from local banks, TX credit unions and brokers, from Bankrate.com.