See the latest Texas mortgage rates for fixed loans (30 year, 20, 15, 10 FHA, VA and Jumbo) plus variable rates (10, 7, 5, 3 year). Also see how Texas compares nationally, and main lending options available across the state. Buying a home in Texas can be easier with today’s mortgage rates.
Mortgage Rates in Texas –
The table below shows today’s home purchase mortgage rates for Texas, by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 6.31% | 6.36% | 6.41% | |
| Texas | 6.33% | 6.38% | 6.43% | |
| Credit Unions | 5.93% | 5.98% | 6.13% | 9.2/10 |
| Online lenders | 6.03% | 6.08% | 6.23% | 8.1/10 |
| Banks | 6.33% | 6.38% | 6.43% | 8.2/10 |
| 30 year fixed | 6.33% | 6.38% | 6.43% | |
| 30 year fixed FHA | 6.11% | 6.16% | 6.21% | |
| 30 year fixed VA | 5.92% | 5.97% | 6.02% | |
| 30 year fixed Jumbo | 6.56% | 6.94% | 7.13% | |
| 20 year fixed | 6.32% | 6.37% | 6.42% | |
| 15 year fixed | 5.79% | 5.84% | 5.89% | |
| 10 year fixed | 5.68% | 5.73% | 5.78% | |
| 3 year ARM | 7.51% | 7.56% | 7.61% | |
| 5 year ARM | 6.55% | 6.60% | 6.65% | |
| 7 year ARM | 6.39% | 6.44% | 6.49% | |
| 10 year ARM | 6.35% | 6.40% | 6.45% | |
| Satisfaction | 8.6/10 | 8.4/10 | 7.9/10 |
Source: MFP’s Community Home Purchase Rates Survey from the last 30 days.
How Texas Compares to National Averages
- Texas mortgage rates (6.33% for best credit scores) are in line with national averages (national average: 6.31%).
- Credit unions are more competitive: In Texas, credit unions offer 5.93%, banks 6.33%, online lenders 6.03%.
Mortgage Options in Texas
- 30 year fixed: 6.33% - most popular long-term option for predictable payments
- 20 year fixed: 6.32% - balance between payment size and interest savings
- 15 year fixed: 5.79% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.68% - shortest fixed-term option with competitive rates
- 10 year variable: 7.51% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.55% - A mid-term variable option...
- 5 year variable: 6.39% - Shorter-term variable mortgage...
- 3 year variable: 6.35% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Texas Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Dallas | 6.45% | 5.63% |
| Houston | 6.44% | 5.62% |
| San Antonio | 6.42% | 5.60% |
| Austin | 6.46% | 5.64% |
| Fort Worth | 6.43% | 5.61% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Compare Lenders Rated by Texas Homeowners
Texas homeowners rated their mortgage lenders on:
- Ease of application
- Rates and terms offered
- Customer support and advice
- Overall recommendation %
See the Best Mortgage Lenders in Texas
FAQs – Texas Mortgage Rates
Are home purchase rates higher in Texas than the U.S. average?
Yes, Texas rates are currently slightly above the national average due to strong housing demand and economic growth.
What credit score is best for buying a home in Texas?
A credit score of 720 or higher typically secures the most favorable mortgage rates from Texas lenders.
Is it better to choose a fixed-rate or ARM in Texas?
Fixed-rate mortgages are generally preferred in Texas for long-term stability, while ARMs may suit those planning to move or refinance soon.
More Texas Home Information:
Texas Best Home Insurance from Community Recommendations & Insurance Costs
More Resources for Texas Homeowners.