»
Texas

Current Texas Mortgage Rates

Compare Texas mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Texas.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Texas. Plus, shopping lenders is free and there is no obligation.

%
Texas Mortgage Rates as of January 22, 2022
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Texas Mortgage Rates Compare?

January 22, 2022

Current mortgage rates in Texas are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Texas Rates
National
Average
Comparison
30 Year Fixed Rate
%
3.450%
15 Year Fixed Rate
%
2.620%
5/1 Adjustable Rate Mortgage
%
2.570%

How Affordable is Housing in Texas?

Below we offer valuable insights on the housing market and real estate prices in Texas. Understand how much you need to make to buy a house in Texas, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Texas is affordable for you. We provide this helpful information to help you decide if living in Texas is right for you.

The median home value for Texas is $254,168

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Texas is $41,644

With this income, you could qualify for a $228,751 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Texas is $964

The median household income for Texas is $71,447

Based on this income, you can afford a home valued at approximately $436,064

The home price you can afford to buy based on household income in Texas is 172% of the median home value which means housing prices are affordable. Texas ranks 20 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Texas is affordable

orange-simple-house
ruler

Additional Mortgage Resources for Texas Residents

Mortgage Rates for Texas Cities

Abilene Mortgage Rates

Amarillo Mortgage Rates

Austin Mortgage Rates

Beaumont Mortgage Rates

Brazoria Mortgage Rates

Brownsville Mortgage Rates

Burleson Mortgage Rates

Canyon Mortgage Rates

College Station Mortgage Rates

Corpus Christi Mortgage Rates

Dallas Mortgage Rates

Denton Mortgage Rates

El Paso Mortgage Rates

Fort Worth Mortgage Rates

Galveston Mortgage Rates

Hays Mortgage Rates

Houston Mortgage Rates

Kaufman Mortgage Rates

Killeen Mortgage Rates

Laredo Mortgage Rates

Longview Mortgage Rates

Lubbock Mortgage Rates

McAllen Mortgage Rates

Midland Mortgage Rates

New Braunfels Mortgage Rates

Odessa Mortgage Rates

Plano Mortgage Rates

Round Rock Mortgage Rates

San Angelo Mortgage Rates

San Antonio Mortgage Rates

Schertz Mortgage Rates

Sherman Mortgage Rates

Sugar Land Mortgage Rates

The Woodlands Mortgage Rates

Tyler Mortgage Rates

Waco Mortgage Rates

Waxahachie Mortgage Rates

Weatherford Mortgage Rates

Wichita Falls Mortgage Rates