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 | 7.21% | 7.26% | 7.31% | |
| Texas | 7.21% | 7.26% | 7.31% | |
| Credit Unions | 6.81% | 6.86% | 7.01% | 8.3/10 |
| Online lenders | 6.91% | 6.96% | 7.11% | 7.8/10 |
| Banks | 7.21% | 7.26% | 7.31% | 8.0/10 |
| 30 year fixed | 7.21% | 7.26% | 7.31% | |
| 30 year fixed FHA | 6.11% | 6.16% | 6.21% | |
| 30 year fixed VA | 7.07% | 7.12% | 7.17% | |
| 30 year fixed Jumbo | 7.44% | 7.82% | 8.01% | |
| 20 year fixed | 7.10% | 7.15% | 7.20% | |
| 15 year fixed | 6.56% | 6.61% | 6.66% | |
| 10 year fixed | 6.54% | 6.59% | 6.64% | |
| 3 year ARM | 7.53% | 7.58% | 7.63% | |
| 5 year ARM | 6.57% | 6.62% | 6.67% | |
| 7 year ARM | 6.75% | 6.80% | 6.85% | |
| 10 year ARM | 7.21% | 7.26% | 7.31% | |
| Satisfaction | 9.1/10 | 8.0/10 | 7.5/10 |
Source: MFP’s Community Home Purchase Rates Survey from the last 30 days.
How Texas Compares to National Averages
- Texas mortgage rates (7.21% for best credit scores) are in line with national averages (national average: 7.21%).
- Credit unions are more competitive: In Texas, credit unions offer 6.81%, banks 7.21%, online lenders 6.91%.
Mortgage Options in Texas
- 30 year fixed: 7.21% - most popular long-term option for predictable payments
- 20 year fixed: 7.10% - balance between payment size and interest savings
- 15 year fixed: 6.56% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 6.54% - shortest fixed-term option with competitive rates
- 10 year variable: 7.53% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.57% - A mid-term variable option...
- 5 year variable: 6.75% - Shorter-term variable mortgage...
- 3 year variable: 7.21% - 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.
Texas Best Home Loan Lenders
See which lenders are most recommended for a home mortgage by community members surveys in Texas and its main metro areas.
Houston, San Antonio, Dallas, Austin, Fort Worth, El Paso, Arlington, Corpus Christi, Plano, Laredo, Online lenders, Brokers & Consultants
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 Info for Texas Home Buyers:
Mortgage Rates & Tools
Home Purchase Calculator: Estimate your monthly payment.
First-Time Home Buyer: Guide for Texas first home buyers.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Mortgage Documents Checklist: What you’ll need to apply, including special cases like self-employed and condo buyers.
Texas Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in Texas: Community rated lenders by city.
Texas Home Insurance Cost: Average premiums and top rated local insurers.
Resources for Texas Homeowners: Grants and assistance programs statewide.