Archer County, Texas
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1 Platform, 6 Refinance Alerts
01
Alert for Lower Rates
02
Alert for Cash Out
03
Alert for Shorter Term
04
Alert for Eliminating PMI
05
Alert for Product Changes
06
Alert for Changes in Home Value
Archer Real Estate Market Update
Archer County, Texas, has seen a notable increase in its real estate market, with the median listing home price reaching $255,000 as of October 2024, marking a 10.9% rise year-over-year. The median price per square foot is $139, and homes are selling for a median price of $353,400. This upward trend indicates a growing demand in the area, although it remains a buyer's market with homes typically selling after 68 days on the market.
The county is home to several small cities, with Archer City being the most affordable, having a median listing home price of $175,000. Holliday, another prominent city, has a median listing price of $229,000. Lakeside City is the most expensive, with a median price of $332,500. These cities contribute to the county's charm, offering a mix of rural and suburban living options.
Living in Archer County offers a blend of rural and suburban lifestyles, with agriculture playing a significant role in the local economy. The county's landscape is dotted with farms and ranches, providing a serene environment for those seeking a quieter life. The top industries include agriculture, education, and local government. People are drawn to Archer County for its affordable housing and the opportunity to enjoy a rural lifestyle while still being within reach of urban amenities in nearby cities.
2025 Mortgage Loan Limits:
Archer County, Texas
1 Unit
$806,500
Conforming Loans
$524,225
FHA Loans
2 Unit
$1,032,650
Conforming Loans
$671,200
FHA Loans
3 Unit
$1,248,150
Conforming Loans
$811,275
FHA Loans
4 Unit
$1,551,250
Conforming Loans
$1,008,300
FHA Loans
Questions About Refinancing in
Archer County
What is mortgage refinancing?
Refinancing is the process of replacing your current mortgage with a new one, often to secure a lower interest rate or change the loan terms.When should I consider refinancing?
Consider refinancing when interest rates drop, your credit score improves, or you want to switch from an adjustable-rate to a fixed-rate mortgage.How much does it cost to refinance?
Refinancing costs typically range from 2% to 5% of the loan amount, including closing fees, appraisal, and title fees.How long does the refinancing process take?
The refinancing process usually takes between 30 to 45 days, but this can vary based on lender efficiency and document preparation.What are the benefits of refinancing?
Refinancing can lower your monthly payments, reduce interest rates, shorten loan terms, or allow you to tap into home equity.What is cash-out refinancing?
Cash-out refinancing allows you to take out a new loan for more than your current mortgage balance and receive the difference in cash.Will refinancing hurt my credit?
Refinancing may cause a temporary dip in your credit score due to the hard inquiry, but the impact is usually minor and short-term.Can I refinance with bad credit?
It may be harder to qualify, but some lenders offer refinancing options for people with lower credit scores, though they often come with higher interest rates.How much equity do I need to refinance?
Most lenders require you to have at least 20% equity in your home to qualify for refinancing, though some programs may allow for lower equity percentages.Is it possible to refinance a rental property?
Yes, you can refinance an investment or rental property, though the terms and interest rates may be different compared to refinancing a primary residence.
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