From the vibrant cultural centers of Dallas and Houston, to the Gulf Coast havens of Galveston and Corpus Christi, to funky Austin and historic San Antonio, there is something for everyone in Texas. Each section of the state offers wonderful places to live and own a home. It’s no wonder that some of the fastest growing areas in the country are in Texas! ForTheBestRate.com has created a platform for the residents of the Lone Star State to find great TX mortgage rates and home financing solutions.
Using the rate table
The majority of the mortgage companies represented in the rate survey on this page offer a variety of fixed rate (10, 15, 20, and 30 year terms) and adjustable rate financing solutions (3/1, 5/1, and 7/1 ARMs) for 1-4 unit residential properties (i.e. single family homes, duplexes, triplexes, and quadraplexes). These mortgage companies typically allow properties to be used as primary residences, second homes (aka vacation homes), or investment properties (rental homes). Rates often vary by occupancy type so you’ll need to speak with the various lenders and brokers to make sure that you qualify for what they have posted. Rates may also vary of other reasons including the type of property being financed. For exmaple, interest rates for condos may have pricing adjustments when compared to stand-alone, stick built homes. Be sure to speak with the various home loan providers directly to make sure that you have an accurate idea of pricing for your unique scenario.
Need Additional Information? Check out these outlets for more information on Texas mortgage companies and home buyers assistance programs
Texas Department of Housing & Community Affairs – www.tdhca.state.tx.us
221 East 11th St Austin, Texas 78701 (512) 475-3800
Texas State Affordable Housing Corporation – http://tsahc.org
2200 East MLK Jr Boulevard Austin, Texas 78702 (512) 477-3555
Texas Credit Union League – http://www.tcul.coop/
4455 LBJ Freeway Farmers Branch, TX 75244 469-385-6400
Texas Mortgage Bankers Association – http://www.texasmba.org/
823 Congress Ave Suite 220 Austin, Texas 78701 512-480-8622
Texas Association of Mortgage Professionals – http://www.ttamp.org/index.asp
2701 West 15th Street, Ste 536 Plano, Texas 75075
Types of Transactions Available Through the Various Mortgage Companies in the Tables
- Home Purchase Financing – All of the lenders offer financing assistance for buying most types of residential real estate (some exclusions may apply – i.e. manufactured homes, condotels, etc). Some of the brokers, lenders, and banks have low money down programs such as USDA rural housing loans, FHA mortgages, and VA loans which can be great fits for first time home buyers. Unfortunately, the company that supplies the data for the rate tables on ForTheBestRate.com does not collect pricing for these lower down payment products due to the number of pricing adjustments they have.
- Mortgage Refinance Programs – You can see refi pricing by selecting “Refinance” from the drop down tool in the survey. The posted rates are for Rate and Term refinance; not cash-out refinances. Cash out refinances typically have pricing adjustments which will lead to slightly higher note rates and APRs.