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First-time home buyer programs in El Paso, TX

Quick answer

First-time buyers in El Paso, TX can use 3%-down conventional loans (up to the $832,750 El Paso County conforming limit), 3.5%-down FHA, or VA and USDA where eligible. On the $171,700 median home, 3% down is about $5,151 and the estimated payment is $1,662/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $58,734; value-to-income ratio 2.92. El Paso ranks 198 by home value and 6 by population among 267 places in our TX dataset.

What does a first-time buyer loan cost on a typical El Paso home?

ItemEl Paso
Median home value (Census ACS)$171,700
Texas median home value$260,400
Down payment (3%)$5,151
Loan amount$166,549
Estimated monthly payment (PITI + MI)$1,662
Income needed (28% / 36%)$72,000 / $56,000
El Paso County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Texas's 1.58% effective property tax rate (Census ACS), $2,864/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in El Paso?

El Paso is in El Paso County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $541,287.

The El Paso median home value of $171,700 is 34% below the Texas median, and within what the county limit supports.

Which down payment assistance programs can El Paso buyers use?

No applicable programs have been verified for this city yet. Check the state housing finance agency for current assistance.

First-time buyer loans in nearby cities

SocorroHorizon CitySan ElizarioTown of PecosAndrewsWest Odessa

First-time buyer loan FAQs for El Paso

On the $171,700 median: 3% conventional ≈ $5,151, 3.5% FHA ≈ $6,010, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in El Paso County become jumbo loans.

At the $171,700 median value (below the Texas median of $260,400), the estimated payment of $1,662/month at 7.18% needs about $72,000 a year under the 28% housing guideline, or $56,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 0 statewide programs are verified for this city (0 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.