Lone Star Financing - Mortgage Rates in Texas
Texas Mortgage Rates
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30 Year Fixed
Low payments that never change
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30 Year FHA
Stable monthly payment with less money down
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30 Year VA
100% loans to Conforming Jumbo Options available
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30 Year USDA
100% financing rural properties
Rates current as of 10/16/2017, 2:56:53 PM . *Rate Assumptions
Mortgage Rates in Texas
Mortgage rates in Texas can fluctuate daily 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 2024 mortgage rates in Texas have gone up but the overall 2024 rates market forecast in Texas looks generally good with rate drops expected this summer.
What is a 30-Year fixed rate mortgage?
What is a 20-Year fixed rate mortgage?
A 20-year fixed-rate mortgage is a home loan that has a repayment period of 20 years. It has an interest rate that does not change throughout the life of the loan. You can find today’s 20-Year mortgage rates above.
What is a 15-Year fixed rate mortgage?
A 15-year fixed-rate mortgage is a home loan that has a repayment period of 15 years. It has an interest rate that does not change throughout the life of the loan. Call to speak to loan officer for today’s Texas mortgage rates on 10 and 15 year mortgages.
Low Mortgage Rates & Fast Closings
Low mortgage rates in Texas – Direct lender with in-house underwriting to close loans fast!
- 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
