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Temple Mortgage Loan Rates
Your debt-to-income ratio will determine whether you qualify for a mortgage loan in Temple and what your loan amount will be. The more favorable your ratio is, the more chances you have of negotiating for a better Temple mortgage loan rates. Your income, down payment and credit status also influence rates. You can try and improve your credit by reducing debts, making payments on time, not opening new lines of credit or making large purchases within a few months of applying for a mortgage. Avail impartial advice from mortgage brokers which help you to choose an Temple Mortgage Loan option that caters to your current and future needs and is within your means.
The following table features housing preferences and mortgage trends in Temple.
Temple Mortgage Statistics |
| Mortgage-Free Homes |
49% |
| Mortgaged Homes |
51% |
| With First Mortgage Alone |
54% |
| Second Mortgage or Home Equity Loan |
5% |
| Home Equity Alone |
3% |
| Second Mortgage Alone |
2% |
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| Temple Housing Expenses |
| Owner expenses as % of Income |
16.1% |
| Median Real Estate Taxes |
$1,252 |
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| Temple Housing Stocks |
| Median Year Constructed |
1974 |
| Year Constructed - Owner Occupied |
1972 |
| Year Constructed - Renter Occupied |
1976 |
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| Temple Housing Market Data |
| Median Household Income |
$42,795 |
| Total Housing Units |
54,514 |
| Average Home Price |
$113,400 |
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