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Denton

Current Mortgage Rates in Denton, Texas

Compare mortgage rates and fees for leading lenders in Denton, TX. 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 lender offering the best mortgage rates in Denton.

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

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Mortgage Rates in Denton, TX as of April 5, 2020
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
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How Do Today's Denton, TX Mortgage Rates Compare?

April 5, 2020

The current average rate for a 30 year fixed rate mortgage in Denton is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Denton, TX Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Denton, Texas?

Below we provide helpful information on the real estate market, home prices and housing affordability in Denton. Understand how much you need to earn to afford a home in Denton, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Denton fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Denton is right for you.

The median home value for Denton, TX is $323,825

Based on current mortgage rates and a 10% down payment, you need to make $58,280 per year to buy the median priced home in Denton

With this income, you could qualify for a $291,442 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 Denton is $1,350

The median household income for Denton, TX is $84,677

Based on this income, you can afford a home valued at approximately $470,496

The home price you can afford to buy based on household income in Denton is 145% of the median home value which means housing prices are average. Denton ranks 242 out of 254 counties in Texas and 2,588 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Denton, TX is average

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Loan Limits for Denton, Texas

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Denton below.

Conforming loan limits for Denton, TX

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Denton, TX

1 unit: $404,800
2 units: $518,200
3 units: $626,400
4 units: $778,450

VA loan limits for Denton, TX

1 unit: $510,400

Additional Mortgage Resources for Denton, TX Residents

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