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Lamb County FHA Loan Calculator

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

Loan Details

Lamb County, TX Benchmarks

FHA averages
Typical Property Value$152,037
Average Down Payment1.3%
Average Interest Rate6.460%
Effective Tax Rate1.12%
Median Tax Paid$919/yr
Tax Growth (Historical)-2.4%
Based on 27 regional loans totaling $4,015,000 (HMDA database).
$
%

$1,976 down · $150,061 financed

FHA loans require a minimum of 3.5% down payment (or matching dollar amount).

%
yrs
$

Paid directly to principal

Payoff estimated June 2056

Local & Recurring Costs

%

$142 / month

$

Annual premium

$

Per month

%

$70 / month

Estimated Monthly Payment

$1,323/mo

  • Principal & Interest$961
  • Property Tax$142
  • Home Insurance$150
  • FHA MIP$70
Amortization · Remaining Balance

Financed Loan Amount

$152,687

Total Interest

$193,299

Total of Payments

$345,985

*Includes financed FHA Upfront MIP of $2,626

Local Market Insights

Lamb County FHA Mortgage Overview

In Lamb County, an FHA loan with a 1.31% down payment provides exceptional entry for owner-occupants, though the 98.69% LTV ratio means mandatory MIP for the loan’s life—ideal for buyers with sub-620 credit. The effective property tax rate of 1.12% on a $152,037 average value creates manageable monthly costs, and the recent -2.4% inflation-adjusted tax shift offers slight relief. For a complete picture of Lamb County FHA loan limits and tax impacts, consider how this low down payment pairs with long-term MIP obligations.

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.