Mortgage Rates in Hereford, Texas — March 2026
Updated March 2026 | Based on Hereford market data and regional lending conditions
Hereford is a growing city in Texas with a population of 14,828. The current 30-year fixed mortgage rate in Hereford is 6.76%, which is 0.11% above the national average. With a median home price of $252,000 and a 20% down payment of $50,400, homebuyers can expect a monthly principal and interest payment of approximately $1,309.
Current Mortgage Rates in Hereford, TX
Below are the current average mortgage rates available in the Hereford area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.76% | 6.65% | +0.11% |
| 15-Year Fixed | 6% | 5.89% | +0.11% |
| 5/1 ARM | 6.26% | 6.15% | +0.11% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 7.01% | 6.85% | +0.16% |
Hereford Housing Market Overview
The Hereford housing market offers relatively affordable housing compared to many major cities. The median household income in Hereford is $55,500, and the cost of living index is 95.1 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $71,657 to comfortably afford the median-priced home in Hereford, which exceeds the current median household income.
Monthly Payment Breakdown for Hereford
Based on the median home price of $252,000 with 20% down ($50,400), here is what you can expect to pay monthly in Hereford:
15-Year vs. 30-Year Mortgage in Hereford
Choosing a 15-year mortgage in Hereford at 6% instead of a 30-year at 6.76% would save you $165,060 in total interest over the life of the loan. However, your monthly payment would be $1,701 instead of $1,309 — an increase of $392 per month.
Calculate Your Hereford Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Hereford
What are the current mortgage rates in Hereford, TX?
As of March 2026, the average 30-year fixed mortgage rate in Hereford, Texas is 6.76%, while the 15-year fixed rate is 6%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.11% above the national average of 6.65%.
How much is a monthly mortgage payment in Hereford?
Based on the median home price of $252,000 with 20% down, the estimated monthly mortgage payment in Hereford is $1,309 for principal and interest. Including property taxes of $363/month, the total monthly housing cost is approximately $1,672.
What income do I need to buy a home in Hereford?
Using the 28% rule, you would need an annual income of approximately $71,657 to afford the median-priced home in Hereford at $252,000. The median household income in Hereford is $55,500. This means most households would need to either earn above the median or consider homes below $252,000.
Is Hereford a good place to buy a home in 2026?
Hereford offers a below-average cost of living with a cost of living index of 95.1 (national average = 100). The property tax rate in Texas is 1.73%, which is above the national average. Hereford has a population of 14,828 and offers a balanced lifestyle.
Mortgage Rates in Other Texas Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Hereford, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.