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Reeves County FHA Loan Calculator

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

Loan Details

Reeves County, TX Benchmarks

FHA averages
Typical Property Value$291,222
Average Down Payment3.4%
Average Interest Rate6.505%
Effective Tax Rate0.97%
Median Tax Paid$1,271/yr
Tax Growth (Historical)-8.2%
Based on 45 regional loans totaling $12,785,000 (HMDA database).
$
%

$9,902 down · $281,320 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

%

$235 / month

$

Annual premium

$

Per month

%

$131 / month

Estimated Monthly Payment

$2,326/mo

  • Principal & Interest$1,809
  • Property Tax$235
  • Home Insurance$150
  • FHA MIP$131
Amortization · Remaining Balance

Financed Loan Amount

$286,244

Total Interest

$365,088

Total of Payments

$651,331

*Includes financed FHA Upfront MIP of $4,923

Local Market Insights

Reeves County FHA Mortgage Overview

In Reeves County, FHA loans offer accessible entry with a 3.37% down payment on a $291,222 average property. This low barrier is ideal for buyers with sub-620 credit, but note that mandatory Mortgage Insurance Premiums (MIP) apply for the loan’s life due to the 96.63% loan-to-value ratio. All loans here are for primary residences. The effective property tax rate of 0.97% supports monthly affordability, and the recent -8.2% inflation-adjusted tax change provides slight relief for FHA loan down payment and tax considerations.

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.