Mortgage Rates in Allen, Texas — March 2026
Updated March 2026 | Based on Allen market data and regional lending conditions
Allen is a growing city in Texas with a population of 104,627. The current 30-year fixed mortgage rate in Allen is 6.7%, which is 0.05% above the national average. With a median home price of $445,000 and a 20% down payment of $89,000, homebuyers can expect a monthly principal and interest payment of approximately $2,297.
Current Mortgage Rates in Allen, TX
Below are the current average mortgage rates available in the Allen 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Allen Housing Market Overview
The Allen housing market reflects moderate demand with prices near the national average. The median household income in Allen is $108,250, and the cost of living index is 102.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $127,071 to comfortably afford the median-priced home in Allen, which exceeds the current median household income.
Monthly Payment Breakdown for Allen
Based on the median home price of $445,000 with 20% down ($89,000), here is what you can expect to pay monthly in Allen:
15-Year vs. 30-Year Mortgage in Allen
Choosing a 15-year mortgage in Allen at 5.94% instead of a 30-year at 6.7% would save you $288,180 in total interest over the life of the loan. However, your monthly payment would be $2,993 instead of $2,297 — an increase of $696 per month.
Calculate Your Allen 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 Allen
What are the current mortgage rates in Allen, TX?
As of March 2026, the average 30-year fixed mortgage rate in Allen, Texas is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Allen?
Based on the median home price of $445,000 with 20% down, the estimated monthly mortgage payment in Allen is $2,297 for principal and interest. Including property taxes of $668/month, the total monthly housing cost is approximately $2,965.
What income do I need to buy a home in Allen?
Using the 28% rule, you would need an annual income of approximately $127,071 to afford the median-priced home in Allen at $445,000. The median household income in Allen is $108,250. This means most households would need to either earn above the median or consider homes below $445,000.
Is Allen a good place to buy a home in 2026?
Allen has a moderate cost of living with a cost of living index of 102.5 (national average = 100). The property tax rate in Texas is 1.8%, which is above the national average. Allen has a population of 104,627 and offers a balanced lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Allen, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.