Texas Mortgage Rates Today
30 YEAR Fixed Mortgage Rates
Rates current as of 10/16/2017, 2:56:53 PM . *Rate Assumptions
20 YEAR Fixed Mortgage Rates
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Mortgage rates in Texas can fluctuate daily and can vary based on the financing profile of the borrower, so be sure and visit with one of our loan specialists to help lock in the best rate for you today. If you’re looking to buy a home or investment property in Texas, then we hope to have a chance to earn your business. Current 2025 mortgage rates in Texas have gone up but the overall 2025 rates market forecast in Texas looks generally good with rate drops expected this summer.
A 30-year fixed mortgage is a home loan with an interest rate that stays the same over a 30-year period. For example, on a 30-year mortgage for a home values at $300,000 with a 20% down payment and an interest rate of 3.75%, the monthly payment would be about $1,111 (not including taxes and insurance). Because the mortgage is fixed, the interest rate of 3.75% (and the monthly payment) will stay the same for the life of the loan.
A 20-year fixed-rate mortgage is a home loan with a 20-year repayment term and a consistent interest rate throughout the loan’s duration. Check the current 20-year mortgage rates in Texas above.
A 15-year fixed-rate mortgage offers a 15-year repayment term with a steady interest rate for the life of the loan. Call today to speak with a loan officer for current mortgage rates in Texas for 10- and 15-year terms.
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- Texas conventional mortgages are considered the industry standard, and they impose qualification requirements. Generally, you’ll need a minimum credit score of 620 and a DTI ratio less than 45 percent. If you make a down payment of less than 20 percent, you’ll need to pay PMI, as well.
- Texas FHA loans: If your credit history disqualifies you from a conventional mortgage, you might be able to secure a loan insured by the Federal Housing Administration (FHA). A credit score of at least 580 can help you secure a Texas FHA loan with a down payment of just 3.5 percent. You can still get an FHA loan with a credit score of 500, but that requires a 10 percent down payment. With an FHA loan, you’ll typically need a DTI between 31 percent to 41 percent. FHA loans generally have lower mortgage rates than conventional loans.
- Use our Texas mortgage calculator to calculate 30-year, 20-year and 10-year loan payments.
- Texas VA loans: If you’re a veteran or active duty member of the military, you may qualify for a mortgage backed by the Department of Veterans Affairs (VA). A Texas VA home loan doesn’t require a down payment or private mortgage insurance (PMI), but you do need to pay a funding fee. VA home loans also come with better mortgage rates and terms
- Texas Commercial Loans – 500k up to 10M – Visit our commercial lending page for rates on our commercial loans in Texas.