Mortgage Rates in Corsicana, Texas — March 2026
Updated March 2026 | Based on Corsicana market data and regional lending conditions
Corsicana is a growing city in Texas with a population of 24,036. The current 30-year fixed mortgage rate in Corsicana is 6.08%, which is 0.57% below the national average. With a median home price of $175,000 and a 20% down payment of $35,000, homebuyers can expect a monthly principal and interest payment of approximately $846.
Current Mortgage Rates in Corsicana, TX
Below are the current average mortgage rates available in the Corsicana 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 | 6.08% | 6.65% | -0.57% |
| 15-Year Fixed | 5.32% | 5.89% | -0.57% |
| 5/1 ARM | 5.58% | 6.15% | -0.57% |
| FHA | 5.68% | 6.25% | -0.57% |
| VA | 5.48% | 6.05% | -0.57% |
| Jumbo | 6.28% | 6.85% | -0.57% |
Corsicana Housing Market Overview
The Corsicana housing market offers relatively affordable housing compared to many major cities. The median household income in Corsicana is $35,000, and the cost of living index is 80 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $47,400 to comfortably afford the median-priced home in Corsicana, which exceeds the current median household income.
Monthly Payment Breakdown for Corsicana
Based on the median home price of $175,000 with 20% down ($35,000), here is what you can expect to pay monthly in Corsicana:
15-Year vs. 30-Year Mortgage in Corsicana
Choosing a 15-year mortgage in Corsicana at 5.32% instead of a 30-year at 6.08% would save you $100,980 in total interest over the life of the loan. However, your monthly payment would be $1,131 instead of $846 — an increase of $285 per month.
Calculate Your Corsicana 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 Corsicana
What are the current mortgage rates in Corsicana, TX?
As of March 2026, the average 30-year fixed mortgage rate in Corsicana, Texas is 6.08%, while the 15-year fixed rate is 5.32%. FHA loans average 5.68% and VA loans 5.48%. These rates are 0.57% below the national average of 6.65%.
How much is a monthly mortgage payment in Corsicana?
Based on the median home price of $175,000 with 20% down, the estimated monthly mortgage payment in Corsicana is $846 for principal and interest. Including property taxes of $260/month, the total monthly housing cost is approximately $1,106.
What income do I need to buy a home in Corsicana?
Using the 28% rule, you would need an annual income of approximately $47,400 to afford the median-priced home in Corsicana at $175,000. The median household income in Corsicana is $35,000. This means most households would need to either earn above the median or consider homes below $175,000.
Is Corsicana a good place to buy a home in 2026?
Corsicana offers a below-average cost of living with a cost of living index of 80 (national average = 100). The property tax rate in Texas is 1.78%, which is above the national average. Corsicana has a population of 24,036 and offers a very affordable 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 Corsicana, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.