Mortgage Rates in Pampa, Texas — March 2026
Updated March 2026 | Based on Pampa market data and regional lending conditions
Pampa is a growing city in Texas with a population of 17,887. The current 30-year fixed mortgage rate in Pampa is 6.63%, which is 0.02% below the national average. With a median home price of $259,000 and a 20% down payment of $51,800, homebuyers can expect a monthly principal and interest payment of approximately $1,327.
Current Mortgage Rates in Pampa, TX
Below are the current average mortgage rates available in the Pampa 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 | 6.63% | 6.65% | -0.02% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.88% | 6.85% | +0.03% |
Pampa Housing Market Overview
The Pampa housing market offers relatively affordable housing compared to many major cities. The median household income in Pampa is $55,100, and the cost of living index is 92.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $74,057 to comfortably afford the median-priced home in Pampa, which exceeds the current median household income.
Monthly Payment Breakdown for Pampa
Based on the median home price of $259,000 with 20% down ($51,800), here is what you can expect to pay monthly in Pampa:
15-Year vs. 30-Year Mortgage in Pampa
Choosing a 15-year mortgage in Pampa at 5.89% instead of a 30-year at 6.63% would save you $165,240 in total interest over the life of the loan. However, your monthly payment would be $1,736 instead of $1,327 — an increase of $409 per month.
Calculate Your Pampa Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Pampa
What are the current mortgage rates in Pampa, TX?
As of March 2026, the average 30-year fixed mortgage rate in Pampa, Texas is 6.63%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.02% below the national average of 6.65%.
How much is a monthly mortgage payment in Pampa?
Based on the median home price of $259,000 with 20% down, the estimated monthly mortgage payment in Pampa is $1,327 for principal and interest. Including property taxes of $401/month, the total monthly housing cost is approximately $1,728.
What income do I need to buy a home in Pampa?
Using the 28% rule, you would need an annual income of approximately $74,057 to afford the median-priced home in Pampa at $259,000. The median household income in Pampa is $55,100. This means most households would need to either earn above the median or consider homes below $259,000.
Is Pampa a good place to buy a home in 2026?
Pampa offers a below-average cost of living with a cost of living index of 92.3 (national average = 100). The property tax rate in Texas is 1.86%, which is above the national average. Pampa has a population of 17,887 and offers a very affordable 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 Pampa, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.