The state’s average housing price is $ 172,200, which falls below the national average of $ 217,600. Nevertheless, Texas is the second largest state by land area, and home values may vary by region.
What are the mortgage rates in Texas?
House interest rates Range from 2.5% Service 4% in Texas.
What are today’s mortgage rates?
By locking in a low mortgage rate today, you can save thousands over the life of your loan. Compare your mortgage rate offers with national average trends.
|
Loan type |
Rate of this week |
Last week rate |
| 30-Year Fixed Rate Mortgage | 3.01% | 3.03% |
| 15-Year Fixed Rate Mortgage | 2.58% | 2.56% |
| 30-Year Fixed-Rate Jumbo Mortgage | 3.03% | 3.09% |
| 5/1 ARM | 3.04% | 3.06% |
| 5/1 Jumbo ARM | 2.86% | 2.87% |
* Rates up to October 28, 2020
US News’ Best Texas Mortgage Lender
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Best for low interest VA loans
Before you apply
- Mortgage Type: ARM, Traditional, First Time Buyer, VA and Zero Down
- Minimum FICO Credit Score: Unpublished
- Maximum loan amount: $ 2 million
- Better Business Bureau Rating: A +
Best counter
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Many loans require no private mortgage insurance.
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Allows members to borrow up to 100% of their equity on home equity loans
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Jumbo, Refinance and USDA
- Minimum FICO Credit Score: 600
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: A +
Best counter
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Offers a wide selection of mortgage and home equity loans
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Offers certain mortgages that do not require a down payment
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Allows borrowers to apply for online loans
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Refinance, USDA and VA
- Minimum FICO Credit Score: 660
- Maximum loan amount: $ 1.5 million
- Better Business Bureau Rating: A +
Before you apply
- Mortgage Type: ARM, Conventional, FHA, Home Equity Loans and Halo, Jumbo, Refinance, USDA and VA
- Minimum FICO Credit Score: 500
- Maximum loan amount: $ 2.5 million
- Better Business Bureau Rating: A +
Best counter
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Accepts applicants with a credit score of at least 500
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Offers traditional loans with less than 3% payment
Before you apply
- Mortgage Type: ARM, Traditional, FHA, Jumbo, Manufactured Homes, Refinance, Reverse, USDA & VA
- Minimum FICO Credit Score: 600
- Maximum loan amount: Different
- Better Business Bureau Rating: A +
Best counter
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Receives strong customer service rating from Better Business Bureau
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Offers a wide range of mortgage products
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Offers exclusive mortgage programs for first time buyers and manufactured homebuyers
Before you apply
- Mortgage Type: ARM, Cash-Out Refinancing, Traditional, FHA, Halos, Jumbo, Reverse, USDA and VA
- Minimum FICO Credit Score: 500
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: A +
Best counter
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Offers several mortgage options, including low and low-paying loans
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Offers fixed or adjustable rate mortgages
Before you apply
- Mortgage Type: Traditional, FHA, Jumbo, Refinance, USDA and VA
- Minimum FICO Credit Score: 580
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: a
Best counter
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Homebuyer offers programs for the first time
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FICO accepts mortgage applicants with credit scores as low as 580
Before you apply
- Mortgage Type: Traditional, first time homebuyers, hallows and refinancing
- Minimum FICO Credit Score: 620
- Maximum loan amount: $ 2.5 million
- Better Business Bureau Rating: A +
Best counter
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Issues no down-payment mortgages for first time homebuyers with excellent credit
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FICO offers mortgages to borrowers with credit scores as low as 620
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Allows for a loan-to-income ratio of up to 50% for some loan programs
Before you apply
- Mortgage Type Offered: ARM, Traditional, FHA, Jumbo, Refinance and VA
- Minimum FICO Credit Score: 620
- Maximum loan amount: $ 3 million
- Better Business Bureau Rating: A +
Best counter
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Accepts up to 3% down payment
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Receives high marks from Better Business Bureau
Before you apply
- Mortgage Type: ARM, Traditional, FHA, First Time Homebuyer Program, Home Equity, Halo, Jumbo, Refinance, USDA and VA
- Minimum FICO Credit Score: Unpublished
- Maximum loan amount: $ 5 million
- Better Business Bureau Rating: A +
Best counter
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Offers many types of mortgages
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Provides no or low-down mortgage
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An online home ownership cost appliance supply
mortgage calculator
Are you reaching your dream home? US News’ mortgage calculator will show you how much home you can buy.
What are some Texas homebuyer programs?
Homebuyers in Texas can help get mortgage interest tax credits from these programs along with downgrade payments and closing costs.
- available to: Teachers, police officers, firefighters, emergency medical service workers, correctional officers, elders and others.
- Income Range: Different from county.
- Homebuyers for the first time ?: No.
- Loan Options: 30-Year Fixed Rate Mortgage.
- Payment and closing cost assistance: Grant up to 6% of loan amount.
- available to: Homebuyers of low and middle income Texas.
- Income Range: Different from county.
- Homebuyers for the first time ?: No.
- Loan Options: 30-Year Fixed Rate Mortgage.
- Payment and closing cost assistance: Grant up to 6% of loan amount.
- available to: First time homebuyers who qualify for either Texas Heroes or Home Sweet Texas home loan programs.
- Income Range: Different from county.
- Homebuyers for the first time ?: Yes.
- profit: The mortgage interest tax credit reduces your federal income taxes each year.
- available to: First-time homebuyers, giants and homebuyers who have not owned a home in the last three years.
- Income Range: Different from county.
- First time homebuyers ?: Yes, or buyers who have not owned a home in the last three years.
- Loan Options: 30-Year Fixed Rate Mortgage.
- Payment and closing cost assistance: Up to 5% of the loan amount.
- available to: Texas Homebuyer.
- Income Range: Different from county.
- First time homebuyers ?: No.
- Loan Options: 30-Year Fixed Rate Mortgage.
- Payment and closing cost assistance: Up to 5% of the loan amount.
Advertisement Disclosure: Some of the loan offers on this site are from companies that are advertising customers of US News. Advertising considerations can influence where offers appear on the site, but do not affect any editorial decisions, such as which loan products we write about and how to evaluate them. This site does not include all loan companies or all loan offers available in the market.