Donley County, Texas
Mortgage Rate Alerts
Never Miss A Refinance
Opportunity
Always on mortgage monitoring without hurting your credit.
Instant email and text alerts.
A Better Mortgage In 3 Easy Steps
Sign up
Provide some basic info, no SSN required
Start getting alerts
For refinance via email and texts
Apply and close
The new loan and start saving money
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
Donley Real Estate Market Update
Donley County, Texas, has seen fluctuations in its real estate market in 2024. The median listing home price in the county was $180,000 as of October 2024, reflecting a decrease of 5.2% compared to the previous year. Homes in the area are generally affordable, with a median price per square foot of $107, and properties typically spend around 69 days on the market before being sold.
The county includes several small cities, with Clarendon being the most notable. Clarendon has a median listing home price of $215,000 and offers a mix of affordable housing options. Howardwick and Hedley are other key cities in the county, each contributing to the local economy and community life. These cities provide a rural charm with small-town living, attracting those looking for a quieter lifestyle.
Living in Donley County is characterized by its rural and agricultural setting, with a strong emphasis on farming and ranching. The area offers a blend of rural and suburban lifestyles, with agriculture being a significant industry. The county's open spaces and agricultural roots appeal to individuals seeking a rural lifestyle or those involved in farming. Migration patterns suggest that people are drawn to Donley County for its affordable real estate, peaceful environment, and the opportunity to engage in agricultural activities.
2025 Mortgage Loan Limits:
Donley 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
Donley 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.
Never Miss A Refinance Opportunity
Always on mortgage monitoring. Instant email and text alerts.
