Mortgage Rates in Wharton, Texas — April 2026
Updated April 2026 | Based on Wharton market data and regional lending conditions
Wharton is a smaller Texas community of 8,631 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.88% (0.79% above the national average). The median home price of $212,000 translates to roughly $1,442/month with 20% down — requiring an income of about $61,800, which exceeds the local median of $60,500.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In Wharton, TX, the current 30-year rate is 6.88%. Shorter terms (15-year fixed at 6.09% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments — see our 15-year vs 30-year comparison for the math. Government-backed options include FHA loans (6.56%) and VA loans (6.31%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Wharton, TX
Below are the current average mortgage rates available in the Wharton area as of April 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 | 6.88% | 6.09% | +0.79% |
| 15-Year Fixed | 6.09% | 5.58% | +0.51% |
| 5/1 ARM | 6.33% | 5.95% | +0.38% |
| FHA | 6.56% | 5.85% | +0.71% |
| VA | 6.31% | 5.65% | +0.66% |
| Jumbo | 7.13% | 6.25% | +0.88% |
Wharton Housing Market Overview
At $212,000, Wharton offers more affordable housing than most U.S. metros. The local cost of living index is 89.5 (100 = national average), and the median household income of $60,500 still requires careful budgeting at current rate levels.
Monthly Payment Breakdown for Wharton
Based on the median home price of $212,000 with 20% down ($42,400), here is what you can expect to pay monthly in Wharton:
15-Year vs. 30-Year Mortgage in Wharton
Choosing a 15-year mortgage in Wharton at 6.09% instead of a 30-year at 6.88% would save you $142,380 in total interest over the life of the loan. However, your monthly payment would be $1,439 instead of $1,115 — an increase of $324 per month.
Calculate Your Wharton 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 Wharton
What are the current mortgage rates in Wharton, TX?
As of April 2026, the average 30-year fixed mortgage rate in Wharton, Texas is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.79% above the national average of 6.09%.
How much is a monthly mortgage payment in Wharton?
Based on the median home price of $212,000 with 20% down, the estimated monthly mortgage payment in Wharton is $1,115 for principal and interest. Including property taxes of $327/month, the total monthly housing cost is approximately $1,442.
What income do I need to buy a home in Wharton?
Using the 28% rule, you would need an annual income of approximately $61,800 to afford the median-priced home in Wharton at $212,000. The median household income in Wharton is $60,500. This means most households would need to either earn above the median or consider homes below $212,000.
Is Wharton a good place to buy a home in 2026?
Wharton offers a below-average cost of living with a cost of living index of 89.5 (national average = 100). The property tax rate in Texas is 1.85%, which is above the national average. Wharton has a population of 8,631 and offers a very affordable lifestyle.
Mortgage Rates in Other Texas Cities
Related Tools & Guides
📊 Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), weekly national average adjusted for Texas regional spread.
- Median home price: $212,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 1.85% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $60,500 per US Census Bureau ACS 5-year estimate.
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated: April 2026. Rates are approximate averages based on regional lending data for the Wharton, Texas area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.