El Paso County, TX FHA Loan Limit — 2026
2026 FHA loan limits for El Paso County. Verify eligibility and estimate FHA MIP costs.
| Units | FHA Limit | Conforming |
|---|---|---|
| 1 Unit | $524,225 | $806,500 |
| 2 Unit | $671,200 | $1,032,650 |
| 3 Unit | $811,275 | $1,248,150 |
| 4 Unit | $1,008,300 | $1,551,250 |
Source: HUD. Data as of 2025-01-15.
2026 Loan Limits — El Paso County, TX
| Limit Type | 2026 Limit | Note |
|---|---|---|
| FHA Loan Limit (1-unit) | $524,225 | Max loan for FHA-insured mortgage |
| Conforming Loan Limit (1-unit) | $806,500 | Fannie Mae / Freddie Mac eligible |
Source: HUD / FHFA. Data as of 2025-01-15.
Local Home Values & Affordability
At a median of $195,000, El Paso County sits 37% below the national median of $310,000 — making it one of the more affordable markets in our dataset and well within FHA financing range.
Among the Texas counties we track, El Paso County is among the most affordable at $195,000 — significantly below Travis County at $560,000.
A 20% down payment on a median El Paso County home requires $39,000 in cash — or $6,825 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.
Property Tax in This Market
El Paso County's effective property tax rate of 2.16% is 96% above the 1.10% national average across the markets we track — placing it among the top 5 highest-tax counties in our dataset.
Based on the 2.16% effective rate and a median home value of $195,000, a typical homeowner in El Paso County pays approximately $4,212 in annual property taxes — or $351 per month added to their mortgage payment.
Sources: Tax Foundation 2025
Homeowners Insurance Costs
Homeowners insurance in El Paso County averages around $2,900/year ($242/month) — roughly 81% above the national average of $1,600.
Premium quotes in El Paso County typically range from $2,000 to $4,200 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.
Sources: NAIC 2024
Loan Limits & Financing Options
A buyer purchasing the median El Paso County home ($195,000) with FHA's minimum 3.5% down would borrow $188,175 — well within the $541,287 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.
With 20% down on a median-priced home, the loan amount of $156,000 stays $676,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.
All FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75% of the loan amount, plus an annual MIP of 0.55%–0.75% of the loan balance paid monthly. On a $188,175 FHA loan, expect approximately $86/month in ongoing MIP — added to principal, interest, taxes, and insurance.
Sources: HUD ML 2025-23, FHFA 2026, HUD MIP Rates 2023
Advertisement