Mortgage Rates in Forney, Texas — March 2026
Updated March 2026 | Based on Forney market data and regional lending conditions
Forney is a growing city in Texas with a population of 27,456. The current 30-year fixed mortgage rate in Forney is 6.72%, which is 0.07% above the national average. With a median home price of $243,000 and a 20% down payment of $48,600, homebuyers can expect a monthly principal and interest payment of approximately $1,257.
Current Mortgage Rates in Forney, TX
Below are the current average mortgage rates available in the Forney 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 | 6.72% | 6.65% | +0.07% |
| 15-Year Fixed | 5.96% | 5.89% | +0.07% |
| 5/1 ARM | 6.23% | 6.15% | +0.08% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.97% | 6.85% | +0.12% |
Forney Housing Market Overview
The Forney housing market offers relatively affordable housing compared to many major cities. The median household income in Forney is $55,600, and the cost of living index is 86.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $68,957 to comfortably afford the median-priced home in Forney, which exceeds the current median household income.
Monthly Payment Breakdown for Forney
Based on the median home price of $243,000 with 20% down ($48,600), here is what you can expect to pay monthly in Forney:
15-Year vs. 30-Year Mortgage in Forney
Choosing a 15-year mortgage in Forney at 5.96% instead of a 30-year at 6.72% would save you $158,040 in total interest over the life of the loan. However, your monthly payment would be $1,636 instead of $1,257 — an increase of $379 per month.
Calculate Your Forney 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 Forney
What are the current mortgage rates in Forney, TX?
As of March 2026, the average 30-year fixed mortgage rate in Forney, Texas is 6.72%, while the 15-year fixed rate is 5.96%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.07% above the national average of 6.65%.
How much is a monthly mortgage payment in Forney?
Based on the median home price of $243,000 with 20% down, the estimated monthly mortgage payment in Forney is $1,257 for principal and interest. Including property taxes of $352/month, the total monthly housing cost is approximately $1,609.
What income do I need to buy a home in Forney?
Using the 28% rule, you would need an annual income of approximately $68,957 to afford the median-priced home in Forney at $243,000. The median household income in Forney is $55,600. This means most households would need to either earn above the median or consider homes below $243,000.
Is Forney a good place to buy a home in 2026?
Forney offers a below-average cost of living with a cost of living index of 86.6 (national average = 100). The property tax rate in Texas is 1.74%, which is above the national average. Forney has a population of 27,456 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 Forney, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.