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Val Verde County FHA Loan Calculator

Adjust the sliders to model your loan in real time. We have prefilled this page with local benchmark averages for Val Verde County, Texas based on real HMDA transaction records.

Loan Details
Your credit score determines your risk profile. A higher score lowers your interest rate and conventional PMI costs.

Representative Score: 780 (Excellent (Prime)) · FHA uses credit-agnostic pricing

Val Verde County, TX Benchmarks

FHA averages
Typical Property Value$239,743
Average Down Payment3.8%
Average Interest Rate6.292%
Effective Tax Rate1.31%
$
%

$9,110 down · $230,633 financed

Estimated Monthly Payment

$1,970/mo

  • Principal & Interest$1,451
  • Property Tax$262
  • Home Insurance$150
  • FHA MIP$108
Amortization · Remaining Balance

Financed Loan Amount

$234,669

Total Interest

$287,694

Total of Payments

$522,362

*Includes financed FHA Upfront MIP of $4,036

Local Market Insights

Val Verde County FHA Mortgage Overview

In Val Verde County, the typical FHA buyer secures a home valued at $239,743 with just a 3.82% down payment, reflecting the program's low barrier to entry. However, this ultra-low equity (96.18% LTV) mandates lifetime Mortgage Insurance Premiums (MIP), a critical cost for those assessing an FHA loan with PMI and taxes in Val Verde County, TX. The effective 1.31% property tax rate, adjusted upward by 2.3% for inflation, adds roughly $3,141 annually to true monthly affordability. This data, representing solely owner-occupied purchases, underscores that while the 3.82% down payment is accessible, the permanent MIP makes this structure ideal for buyers prioritizing low upfront cash over long-term insurance costs.

Disclaimer: This calculator provides estimates for educational purposes only and does not constitute a loan offer or financial advice. Actual rates, taxes, insurance, and fees will vary.