What is the median home price in Dallas?

The median home price in Dallas is currently $499,000, with prices changing +0.1% year-over-year. Dallas offers diverse neighborhoods with homes ranging from $165K in Pleasant Grove to over $3M in Highland Park. Use our Dallas mortgage calculator to see your exact monthly payment at today's rates.

How long do homes stay on the market in Dallas?

Dallas homes currently average 30-45 days on market. Well-priced homes in desirable neighborhoods like Lakewood, Oak Cliff, and Richardson often sell within 2-3 weeks. With pre-approval in hand, qualified buyers can close in as little as 21 days — giving you a competitive edge in fast-moving Dallas neighborhoods.

What credit score do I need to buy a home in Dallas?

Most Dallas home loans require a minimum 600 credit score for conventional loans with AUS approval (620 for manually underwritten loans). FHA loans accept scores as low as 550 — borrowers with 550-579 need 10% down, while 580+ qualifies for 3.5% down. VA loans require a minimum 550 FICO. Higher scores unlock better interest rates and loan terms. Get pre-approved in about 15 minutes to see which programs and rates you qualify for.

How much down payment do I need for a Dallas home?

Down payment requirements vary: Conventional loans require 3-20% down, FHA loans need 3.5% down. At Dallas's median price of $325,000, that's as low as $9,750 (3% conventional) or $11,375 (3.5% FHA). First-time buyer programs may provide additional assistance for qualified buyers.

What are property taxes like in Dallas?

Dallas property taxes range from 1.8% to 2.5% depending on the school district. Dallas ISD areas average around 2.2%, while Highland Park ISD runs approximately 1.9% due to higher property values. Our team's deep knowledge of Dallas County tax rates and exemptions helps you budget accurately from day one.

How do I get pre-approved for a home loan in Dallas?

Getting pre-approved for a Dallas home loan takes about 15 minutes online. You'll need basic income and asset information — no hard credit pull for the initial consultation. Pre-approval shows Dallas sellers you're a serious, qualified buyer and can help you close in as little as 21 days. With pre-approval, you'll know exactly which loan programs fit your situation, whether that's conventional, FHA, VA, or jumbo financing in Dallas County. Start your free pre-approval today to shop Dallas neighborhoods with confidence.

What are the most popular mortgage programs for Dallas TX homebuyers?

Dallas homebuyers use a wide mix of programs depending on the neighborhood: FHA loans (3.5% down) work well in South and East Dallas where prices are under $541K; conventional loans (3% down) dominate in North Dallas, Lakewood, and the M-Streets; VA loans are used by the many veterans in the area with zero down payment; and jumbo loans (above $832,750) are common in Uptown, Preston Hollow, and Highland Park adjacent neighborhoods. Dallas County sits in the Dallas-Fort Worth MSA and uses the standard 2026 conforming limit of $832,750. Our Dallas mortgage specialists can match you to the right program in about 15 minutes.

What are the best Dallas TX neighborhoods for first-time homebuyers?

First-time buyers in Dallas have several affordable entry points: Casa View and Pleasant Grove in SE Dallas typically list between $200K–$350K and are FHA-eligible. Lake Highlands offers mid-range options from $350K–$500K with excellent RISD schools. Oak Cliff has seen strong appreciation with homes from $280K–$450K. The M-Streets and Lakewood command $500K–$800K+. For new construction at FHA-friendly prices, look to Mesquite, Garland, and Lancaster just outside Dallas city limits. Get pre-approved in about 15 minutes to know which Dallas neighborhoods fit your budget.

What is the jumbo loan threshold for Dallas TX homes?

In Dallas and all of Dallas County, the 2026 conforming loan limit is $832,750 for a single-family home. Any loan amount above this requires jumbo financing, which typically means 10–20% down payment and a 700+ credit score. Preston Hollow, Uptown, Knox-Henderson, and the Park Cities adjacent areas often require jumbo loans given Dallas's strong appreciation. VA-eligible buyers have no loan limit with full entitlement — a significant advantage in Dallas's higher-priced neighborhoods. We offer jumbo loans up to $10M for qualified Dallas buyers.

Which loan types work best for Dallas home purchases?

Dallas's median home price of $499,000 falls within both FHA and conforming loan limits, giving you the widest range of options: FHA loans from 3.5% down ($17,465) with credit scores as low as 550, conventional loans from 3% down ($14,970) with scores of 600+, and VA loans with zero down for eligible veterans. All major loan types are available for most Dallas purchases.

What is the FHA loan limit in Dallas, TX?

The 2026 FHA loan limit in Dallas (DFW MSA) is $563,500 for a single-family home — well above Dallas's median home price of $499,000. That means FHA financing is available for virtually all standard Dallas home purchases, with as little as 3.5% down and credit scores starting at 580 (or 550 with 10% down). The conforming loan limit for conventional loans is $832,750, also far above the typical Dallas purchase price, giving buyers a wide range of program options.

What is the conventional loan limit in Dallas, TX?

The 2026 conforming loan limit is $832,750 for Dallas and the entire DFW metro. Conventional loans up to this amount qualify for competitive interest rates, require only 3% down for first-time buyers, and avoid the FHA mortgage insurance premium structure. At Dallas's median price of $499,000, conventional financing easily covers all typical Dallas purchases. The FHA loan limit in Dallas is also $563,500 — both limits are well above the median, giving buyers flexibility to choose the program that fits their financial profile.

What credit score do I need to buy a home in Dallas, TX?

Credit score requirements vary by loan program for Dallas homebuyers: FHA loans require 580+ for 3.5% down ($17,465 on the median Dallas home) or 550+ with 10% down. Conventional loans need 600+ with AUS approval (620+ for manually underwritten loans) and offer as little as 3% down ($14,970). VA loans have no VA-mandated minimum — our company minimum is 550. Jumbo loans (above $832,750) typically require 700+. Even with lower scores, Non-QM options starting at 620+ may be available. We can review your credit profile and match you with the best program — get a free pre-approval to see your options.

How much home can I afford in Dallas, Texas?

Based on Dallas's median home price of $499,000, a typical monthly payment with 20% down ($99,800) would be approximately $2,523/month including principal, interest, Dallas County property taxes, and homeowners insurance. First-time buyers can put as little as 3% down ($14,970) on conventional or 3.5% ($17,465) on FHA loans, though monthly payments will be higher with mortgage insurance. Our Dallas mortgage calculator factors in exact Dallas County tax rates by school district — try it to see personalized numbers for your budget.

How much are property taxes in Dallas, Dallas County?

Property tax rates in Dallas vary by school district and special taxing districts within Dallas County, typically ranging from 1.8% to 2.8% of assessed value. On a $499,000 home, that's roughly $915/month in property taxes. Texas has no state income tax, which partially offsets the higher property taxes. Some areas may include MUD (Municipal Utility District) or PID (Public Improvement District) fees. Our Dallas calculator uses verified rates from the Dallas County Appraisal District — enter any address to see exact tax estimates.

What down payment assistance programs are available in Dallas?

Dallas homebuyers in Dallas County can access TSAHC (Texas State Affordable Housing Corporation) down payment assistance through two options: (1) a DPA Grant of 2-5% of the loan amount, forgiven after just 6 months — available with FHA, VA, or USDA loans, minimum 620 FICO; (2) a 3-Year Deferred Forgivable Second Lien of 2-5% at 0% interest, forgiven on the 3rd anniversary — available with all loan types including HFA Conventional, minimum 620-640 FICO. The Dallas County income limit is $146,625 (Non-Bond DPA). First-time homebuyer status is NOT required for Non-Bond DPA. Teachers, veterans, police, firefighters, EMS, and corrections officers may qualify for the Homes for Texas Heroes program. FHA loans require just 3.5% down ($17,465 on a $499,000 home), and VA loans offer zero-down financing. Get pre-approved to see which DPA programs you qualify for.

How long does it take to close on a home in Dallas?

Our average closing time for Dallas home purchases is 21 days from contract to keys, compared to the industry average of 45+ days. This speed advantage makes your offer more competitive with Dallas sellers. Pre-approved buyers often close even faster since appraisal and underwriting begin immediately. We coordinate directly with Dallas County title companies and appraisers to prevent delays. Getting pre-approved before house hunting puts you in the strongest position.

What's the first step to buying a home in Dallas?

The first step is getting pre-approved — it's free, takes about 15 minutes, and gives you a clear picture of your Dallas home buying budget. Pre-approval shows sellers you're a serious, qualified buyer and strengthens your offer in competitive Dallas County neighborhoods. You'll know exactly which loan programs you qualify for (conventional, FHA, VA, or jumbo), your maximum purchase price, and estimated monthly payment including Dallas County taxes. Start your free pre-approval online or call us to discuss your Dallas home buying goals.

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