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The Woodlands

Current Mortgage Rates in The Woodlands, Texas

Compare mortgage rates and fees for leading lenders in The Woodlands, 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 The Woodlands.

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

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Mortgage Rates in The Woodlands, TX as of July 4, 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 The Woodlands, TX Mortgage Rates Compare?

July 4, 2020

The current average rate for a 30 year fixed rate mortgage in The Woodlands 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
The Woodlands, 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 The Woodlands, Texas?

Below we provide helpful information on the real estate market, home prices and housing affordability in The Woodlands. Understand how much you need to earn to afford a home in The Woodlands, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in The Woodlands 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 The Woodlands is right for you.

The median home value for The Woodlands, TX (Montgomery County) is $266,977

Based on current mortgage rates and a 10% down payment, you need to make $48,049 per year to buy the median priced home in The Woodlands

With this income, you could qualify for a $240,280 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 The Woodlands is $1,113

The median household income for The Woodlands, TX (Montgomery County) is $78,384

Based on this income, you can afford a home valued at approximately $435,530

The home price you can afford to buy based on household income in The Woodlands is 163% of the median home value which means housing prices are average. The Woodlands (Montgomery County) ranks 232 out of 254 counties in Texas and 2,302 out of 3,142 counties in the United States for housing affordability.

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

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Loan Limits for The Woodlands, Texas

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for The Woodlands (Montgomery County) below.

Conforming loan limits for The Woodlands, TX

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

FHA loan limits for The Woodlands, TX

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for The Woodlands, TX

1 unit: $510,400

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