Compare Mortgage Rates

  • Refinance
  • Home Purchase
  • Home Equity
  • Debt Consolidation

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Include 1st & 2nd mortgages plus any equity loans or credit lines
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Texas Mortgages at a glance

Average 25th Percentile 50th Percentile 75th Percentile
Loan Amount $170,790 $102,500 $142,500 $196,000
Property Values $234,310 $132,500 $187,500 $265,000
Average LTV 79.1%
Percent Refinance 76.7%
Pct of Refis Cashout 9.7%

Texas Mortgage Rates

Whether you're from Big D, Houston, or Austin, finding the best possible mortgage in Texas can be difficult if you don't know a little bit about how the different types of mortgage loans work. For example, you may or may not know that:

  • The annual percentage rate (APR) includes the upfront costs of the loan, while the stated rate does not. The APR helps you compare mortgages that have different closing costs.
  • A mortgage with a low monthly payment doesn't always have a low interest rate. Sometimes, low payments mean that you aren't paying down any principal. Compare mortgage loans on all terms, not just by the payments.
  • It's essential to understand how your payments will be applied to your debt balance over time. Faster reduction of your principal balance leads to lower interest costs.
  • It's challenging to research and understand your mortgage loan and refinance options in Texas. That's why Mortgageloan.com offers you the tools to walk you through the process, including: advertised lender rates, mortgage calculators, and a Texas broker directory.

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Rate Map for Texas

What are mortgage rates like in your area? Our Texas Rate Map provides rate information on individual mortgage loans obtained by borrowers just like you all across the state! Each colored marker represents a single loan – click on one to get information on the mortgage rate, loan amount, loan-to-value ratio and more.

To further refine your search, you can use the list of options at left to sort results by credit score and location.

This rate map project is part of our effort to make the mortgage process more transparent for all borrowers. If you found it useful in negotiating a mortgage and would like to anonymously add your own loan information, just click on “Share Your Rate” above the map. Your fellow borrowers will thank you!

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Home Equity Loans

Home equity loans are second mortgages that carry a fixed interest rate. They're typically used to raise cash for one-time expenses. Home equity loan rates in Texas are somewhat higher than first mortgage interest rates. Even so, you might choose a home equity loan over a refinance mortgage if you currently have a low, fixed rate on your first mortgage, or you want to avoid the higher closing costs of a refinance mortgage.

ARMs

There are many types of adjustable-rate mortgages (ARMs) available in Texas. These mortgage loans start with a low, fixed interest rate that remains in force for a specified time period, usually one, three, or five years. When that specified time period expires, the rate becomes variable, and is adjusted at regular intervals. ARMs are appropriate for borrowers who need the lowest possible payment now, but expect to have the ability to afford a larger payment later.

Comparing

Whether you're buying a cabin in the Hill Country, or refinancing an urban loft in Houston, your first step is to get familiar with how rates for different loan types compare. You might see that Texas ARMs start with a lower rate than fixed-rate- mortgages (FRMs), or that second mortgages have higher rates than first mortgages or mortgage refinances.

Are you ready to compare the rates and crunch the numbers? Use our mortgage calculators to test different mortgage rates, amounts, and loan types. Don't forget to consider how long you plan to own the home, and any plans you might have to remodel or consolidate debt. If you're going to sell within a few years, an ARM with low initial payments might be the right choice.

Once you understand how different loans work, and how much you can afford, visit our broker directory. Choose a few, explain your needs to them, submit your loan applications, and wait for those offers to come rolling in!

Additional Local Rates Pages

See San Antonio Mortgage Rates and Austin Mortgage Rates.