LOWER MORTGAGE RATES? EL PASO NEW HOMES!
(On select homes, for qualified buyers, through builders' preferred lenders.)
El Paso builders are offering incentive rates and closing-cost help on select new homes that resale homes just cannot match. Before you visit a model home, let me compare the builders and their incentives for you.
Same Price. Very Different Payment.
Picture two homes, both priced at $300,000, both with 3.5% down. Buy the resale home at today's average rate, and your estimated monthly payment is about $2,754, including estimated taxes and insurance. Buy the new build with a builder incentive rate, and that same estimate drops to about $2,260 a month. That is about $494 less every month — and the new home comes with a builder warranty and brand-new systems.
Example only: $300,000 purchase price, 3.5% down, $289,500 loan, 30-year fixed. The resale example uses 7.40% — the Freddie Mac Primary Mortgage Market Survey national average for the week ending October 15, 2026; an average is not a rate quote or an offer of credit. The new-build example uses an example builder incentive rate of 4.75%; in builder disclosures for an advertised 4.75% rate, the APR was 5.728%. Actual rates and APRs vary by builder, home, lender, and borrower qualifications. Monthly payments are estimates that include principal and interest plus estimated property taxes of $550 a month and estimated homeowners insurance of $200 a month, added equally to both examples.
Rene Armijo is a licensed Texas Realtor® with OTRE Group LLC — not a mortgage lender or mortgage broker. All financing is offered through builders' preferred lenders.
Want Me To Compare Builder Incentives For You?
By submitting this form, you agree that Rene Armijo with OTRE Group LLC may contact you by phone, text message, and email about new-home options and builder incentives. Message and data rates may apply. Your consent is not a condition of purchasing any property.
Rene Armijo, Realtor® | OTRE Group LLC | (915) 799-8011 | ReneSellsHouses.com — Equal Housing Opportunity. Builder incentives, rates, and availability change often and are not guaranteed; examples on this page are for illustration only and are not a commitment to lend or an offer of credit.