Swisher 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
Swisher Real Estate Market Update
Swisher County, Texas, has a real estate market characterized by affordable housing, with a median listing home price of $90,700 as of October 2024. This represents a significant decrease of 35.2% year-over-year, indicating a trend of declining home values in the area. Homes in Swisher County typically sell after an average of 64 days on the market, reflecting a moderate pace in property transactions.
The county comprises four cities, with Tulia being the largest and serving as the county seat. Tulia has a population of approximately 4,500 residents. Other notable cities include Happy, Kress, and Vigo Park, each contributing to the county's rural charm and community-oriented lifestyle. These towns offer a glimpse into small-town life in Texas, with populations ranging from a few hundred to a couple of thousand residents.
Living in Swisher County offers a predominantly rural experience, with agriculture playing a significant role in the local economy. The area is known for its farming and ranching activities, providing a peaceful and community-focused lifestyle. The county's top industries include agriculture and education, attracting individuals seeking a quieter, more affordable living environment. Migration patterns suggest that people may be moving to Swisher County for its cost-effective housing and the appeal of rural living away from urban centers.
2025 Mortgage Loan Limits:
Swisher 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
Swisher 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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