Commerce

Home Loans

Get The Lowest Interest Rate On
Commerce Home Loans.

Whether you are a first time home buyer in commerce or trading up to a larger home, we work to find the best home loan solution for you. Constantly surveying the hundreds of mortgage lenders as well as anonymously testing their staff, we are always aware of the conditions of the home loan market as well as the lenders involved in it.

Best Lender For Commerce Home Loans

Unfortunately, the subprime mortgage crisis has caused dramatic changes in the lending climate. Many lending institutions have suffered tremendous losses and as a result have tightened their lending standards drastically. Whereas it used to be very, very easy to meet the requirements in order to get approved, it is now much more difficult with most lenders. When searching for a mortgage lender in Commerce, it is important to find one that not only offers the lowest rates, but also has not tightened lending standards to the point that only a tiny percentage of applicants will qualify. At the top of our list right now is your local credit union. They have the lowest rates, a free and easy online application, and they have not been severely hurt by the subprime mortgage crisis.  They are still approving the majority of applications.

Commerce Texas Overview & Statistics

Commerce Overview

As of 2007, Commerce's population is 9,419 people. Since 2000, it has had a population growth of 22.82 percent.

The median home cost in Commerce is $75,000. Home appreciation the last year has been 2.65 percent.

Compared to the rest of the country, Commerce's cost of living is 28.62% Lower than the U.S. average.

Commerce public schools spend $5,784 per student. The average school expenditure in the U.S. is $6,058. There are about 14 students per teacher in Commerce.

The unemployment rate in Commerce is 3.90 percent(U.S. avg. is 4.60%). Recent job growth is Positive. Commerce jobs have Increased by 2.09 percent.

Commerce Climate

Commerce, TX, gets 41 inches of rain per year. The US average is 37. Snowfall is 2 inches. The average US city gets 25 inches of snow per year. The number of days with any measurable precipitation is 60.

On average, there are 228 sunny days per year in Commerce, TX. The July high is around 94 degrees. The January low is 32. Our comfort index, which is based on humidity during the hot months, is a 27 out of 100, where higher is more comfortable. The US average on the comfort index is 44.

Commerce Housing

The median home value in Commerce, TX, is $75,000. Home appreciation is 2.65% over the last year. The median age of Commerce, TX, real estate is 33 years.

Commerce, TX Apartments and Rentals

Renters make up 51.22% of the Commerce, TX, population. 15.40% of houses and apartments in Commerce, TX, are unoccupied (vacancy rate).

Commerce Crime

Commerce, TX, violent crime, on a scale from 1 (low crime) to 10, is 5. Violent crime is composed of four offenses: murder and nonnegligent manslaughter, forcible rape, robbery, and aggravated assault. The US average is 3.

Commerce, TX, property crime, on a scale from 1 (low) to 10, is 6. Property crime includes the offenses of burglary, larceny-theft, motor vehicle theft, and arson. The object of the theft-type offenses is the taking of money or property, but there is no force or threat of force against the victims. The US average is 3.

For related resources see also:

Commerce Real Estate Agents

Texas First Time Home Buyers Grants

Texas First Time Home Buyer Programs

Texas Home Loans