El Paso mortgage rates as of November 10, 2026
An Affordable Border City Built Around Fort Bliss
- ~685,000City population
- El Paso CountyWhere the home sits
- Well below medianvs ~$348K statewide
- Fort BlissMajor VA market
El Paso sits at the far western tip of Texas, where the state meets New Mexico and Mexico, and it runs on Fort Bliss, international trade through the ports of entry, healthcare, and manufacturing. It is also one of the most affordable major cities in Texas, with home values well below the statewide median. That combination, an enormous military presence plus genuine affordability, makes El Paso one of the busiest VA and FHA markets in the state.
VA Loans and Fort Bliss
Fort Bliss anchors the El Paso economy, and thousands of active-duty soldiers, veterans, and military families buy here every year. The VA loan is built for them: $0 down, no monthly mortgage insurance, and competitive rates. As an El Paso mortgage broker that handles VA loans constantly, we know how to work with your Certificate of Eligibility, plan around PCS orders, and hit tight closing dates. Eligible Texas veterans can also pair a VA loan with the below-market Texas Veterans Land Board program, and we compare both.
El Paso Neighborhoods We Lend In
Loan Programs and Property Taxes
Beyond VA loans, we place plenty of FHA loans with 3.5% down for first-time buyers and conventional loans for stronger credit. For El Paso's many self-employed and cross-border earners, we also offer bank-statement programs. Texas has no state income tax, and we pull the real El Paso County tax rate for each home, apply your homestead exemption, and fold the escrow into your payment estimate. First-time buyers can layer statewide TDHCA and TSAHC assistance on top.
Nearby Markets We Serve
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El Paso Mortgage FAQ
Is El Paso a strong VA loan market?
Yes. El Paso is home to Fort Bliss, one of the largest Army installations in the country, so a large share of buyers here use VA loans with $0 down and no monthly mortgage insurance. We close VA files constantly and work around PCS timelines.
How affordable is El Paso?
El Paso is one of the most affordable large cities in Texas, with home values well below the statewide median of about $348,000. That keeps FHA and first-time buyers very active.
Can I get a loan if I am self-employed or paid across the border?
Yes. El Paso has many self-employed and cross-border earners, and we offer bank-statement and alternative-documentation programs alongside conventional and FHA loans.
What are El Paso property taxes like?
Texas has no state income tax, and we pull the real El Paso County tax rate for the specific home, apply your homestead exemption, and include the escrow in your payment estimate.