Texas Mortgage Rates

Rates last updated: March 11, 2026
Rates published by Alpine Mortgage Services (NMLS 56905). Mortgage rates in Texas vary based on loan type, credit score and down payment. The rates shown above are available to qualified borrowers in Texas for conventional, FHA and VA loan programs. The advertised rate is based on specific assumptions including loan amount, credit score, down payment and property type. The actual rate you qualify for may vary based on your individual financial profile and other factors. The annual percentage rate (APR) includes the interest rate plus loan origination fees, points and other loan costs.

The conventional rates shown are based on a loan amount of $525,000 and a down payment of at least 25%. The FHA rates shown are based on a loan amount of $675,500 and a down payment of at least 3.5%. The VA rates shown are based on a loan amount of $700,000 and no down payment. TX Mortgage rates are subject to change at any time and are subject to mortgage approval with full documentation of income. All rates shown are for a 30 day rate lock with one discount point on the purchase or rate and term refinance of a single family primary residence with a 740 or higher FICO score.

Texas Best Rate Guarantee

Do you want the best deal on your mortgage, but are tired of trying to compare the fine print to determine the difference between the quotes prepared by various lenders? At Alpine Mortgage we are committed to helping you secure the best mortgage rate for your home financing needs which is why we offer our Best Rate Guarantee. We search out the best rate and fees based on your goals and find the best pricing available through our large variety of loan programs.

You are welcome to shop all other local lenders for a better deal. If you can find one, provide us with that lender's signed and dated lock-in agreement and Loan Estimate on the day the interest rate is locked in and we will beat that lender's interest rate and/or lender fees. At Alpine Mortgage, your satisfaction is our priority. With our Best Rate Guarantee, you can shop for your mortgage with confidence, knowing that you are getting the best possible interest rate for your mortgage.

Terms and conditions: Our Best Rate Guarantee applies to our fixed rate conventional, FHA and VA loan programs only and does not apply to any other loan programs. Our Best Rate Guarantee is subject to change or termination at any time without prior notice.

What Our Clients Say

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"I purchased my first home just outside Austin, and Alpine made the process incredibly smooth. They explained everything clearly and locked in a great rate."
– Rachel T, Round Rock, TX

★★★★★

"I needed a DSCR loan for my rental property in Dallas. Alpine understood investment financing better than anyone else I spoke to. Highly recommend!"
– James M, Dallas, TX

Why Choose Alpine Mortgage?

• ✅ Best Rate Guarantee – We Beat Competitor Rates
• ✅ Fast, Simple Pre-Approval Process
• ✅ Licensed Texas Mortgage Specialists
• ✅ $995 Flat Lender Fee – No Hidden Costs
• ✅ Conventional, FHA, VA and DSCR Loans Available

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Mortgage Programs in Texas

Texas Conventional Loans. Among the most popular loan options, conventional loans have specific requirements such as a minimum credit score of 620 and a minimum down payment of 3%. Interest rates on these loans can differ greatly based on the credit score and down payment. If you are putting less than 20% down you will also have to pay private mortgage insurance (PMI) which can be paid either upfront at closing or monthly until your equity in the property reaches at least 20%. These loans can be used to purchase a primary residence, vacation property or an investment property and the maximum loan amounts vary by county. You can view the current Texas Conventional Loan Limits for all counties in Texas.

Texas FHA Loans. If your credit history makes it difficult to secure a conventional loan, a FHA loan may be a good option. A FHA loan is a loan that is insured against default by the Federal Housing Administration (FHA). The minimum down payment on a FHA loan is 3.5% with a minimum credit score of at least 580. For borrowers with a credit score as low as 500, it is still possible to get a FHA loan with a larger down payment of at least 10%. Regardless of the amount of your down payment, FHA loans require the payment of mortgage insurance premiums (MIP). FHA loans are available only on a primary residence and the maximum loan amount varies by county. You can view the current Texas FHA Loan Limits for all counties in Texas.

Texas VA Loans. Backed by the Department of Veteran Affairs, VA loans offer veterans home loans with no down payment required. VA loans do not have any mortgage insurance but may have a funding fee that is collected at closing. VA loans are only available on a primary residence.

Texas Non QM Loans. For borrowers that can't qualify for a conventional, FHA or VA loan because of credit issues or income documentation requirements, we offer several different Non QM loan products. For investment properties, we offer our DSCR loan program where qualification is based on the cash flow of the investment property. Our Non QM provides flexibility in lending standards for individuals with unique financial circumstances or credit issues such as a recent bankruptcy or foreclosure. These loans can be used to finance a primary residence, vacation property or an investment property.

Texas Reverse Mortgage Loans. For homeowners that are 62 years or older, a reverse mortgage allows you to access the equity in your home by either receiving a lump sum, fixed monthly payments or a line of credit. Reverse mortgages are only available on a primary residence.

Loan Type	Min. Credit Score	Min. Down Payment
Conventional	620	3.0%
FHA	580	3.5%
FHA Low Score	500	10%
VA	620	None
Non-QM	500	20%

How to Get the Best Texas Mortgage Rates

Navigating the mortgage market to secure the best rate is crucial for any prospective homeowner. In Texas, where the real estate market is booming, understanding how to find the best mortgage rates can save you a significant amount of money over the life of your loan. Here are some tips to help you get the best mortgage rates in Texas:

Boost Your Credit Score. Your credit score is one of the most important factors lenders consider when determining your mortgage rate. A higher credit score indicates that you're a responsible borrower which can lead to lower interest rates. To improve your credit score: pay all your bills on time, keep your credit utilization low and dispute any errors on your credit report.

Shop Around and Compare Rates. Compare rates from several companies. Be sure to compare not just the interest rates but also the fees, terms and customer service associated with each loan. Mortgage brokers can be a good resource as they can shop several lenders to find the best deals.

Consider a Shorter Term. While 30 year mortgages are the most common, opting for a shorter loan term such as a 15 year mortgage can help you secure a lower interest rate. Although your monthly payments will be higher you'll pay less in interest over the life of the loan and build equity faster.

Make a Larger Down Payment. A larger down payment can also help you get better mortgage rates. When you put more money down you're seen as a lower risk borrower which can result in a lower interest rate.

Lock in Your Rate. Once you've found a competitive mortgage rate consider locking it in. A rate lock guarantees your interest rate for a specified period typically 30 to 60 days. This protects you from potential rate increases while your loan is being processed.

Understand the Texas Mortgage Market. Texas is known for its diverse and dynamic real estate market with a range of mortgage products to fit various needs. From urban areas like Dallas and Houston to rural regions, mortgage rates can vary significantly. Staying informed about current trends and market conditions in Texas will give you a competitive edge.

Securing the best mortgage rate in Texas requires diligent research and preparation. By understanding the local market, improving your credit score, comparing rates and leveraging available resources, you can obtain a mortgage that suits your financial needs and helps you achieve your homeownership dreams.

Texas Housing Market Snapshot

Data as of Q1 2026

Statewide Overview

Metric	Texas	Notes
Median Home Price	$329,000 - $380,000	Below many coastal markets
YoY Price Change	-1% to +4%	Varies significantly by metro
Days on Market	70-90 days	More balanced
Inventory	2.9-5.5 months supply	Improved from pandemic lows
Sale-to-List Ratio	96%	Room for negotiation
Price Drops	28% of listings	Seller concessions common

Major Metro Markets

Metro Area	Median Price	YoY Change	Days on Market	Notes
Austin	$428,000 - $520,000	-2.5% to -3%	90 days	Price correction from 2022 peak
Dallas-Fort Worth	$390,000 - $430,000	Flat to slight decline	70-80 days	Population growth strong, balanced market
Houston	$330,000 - $360,000	-5% to flat	70 days	Zillow's most buyer friendly TX market for 2026
San Antonio	$265,000 - $340,000	-1.8% to flat	81 days	Most affordable major TX metro

Sources: Texas REALTORS, Texas Real Estate Research Center, Redfin, Zillow

2026 Market Outlook

• Market normalizing: 2026 expected to resemble 2019, more stable and predictable
• Houston leads: Named Zillow's most buyer friendly Texas market for 2026
• Austin correction continuing: Prices down from 2022 peak of $559,000 to $428,000, may have further to fall before stabilizing
• Inventory improving: More choice for buyers, 28%+ of listings seeing price drops
• Population growth strong: DFW added 178,000+ residents, Houston 198,000+, Austin 58,000+ (2023-2024)
• Seller concessions common: Median seller concession $17,000+, buyers have negotiating leverage

Texas Regional Mortgage Guide

Austin-Round Rock

Key characteristics:

• Tech hub with major employers (Tesla, Apple, Google, Oracle, Dell)
• Experienced dramatic price surge during pandemic, now correcting
• Prices down from $559,000 peak (2022) to $428,000
• Most days on market of major TX metros (90 days)
• Young, educated population

Popular areas: Downtown, East Austin, Round Rock, Cedar Park, Pflugerville, Kyle, Buda

Dallas-Fort Worth

Key characteristics:

• Largest TX metro by population, fastest growing
• Added 178,000+ new residents (2023-2024)
• Diverse economy: finance, tech, healthcare, logistics
• Corporate relocations continue (Toyota, Charles Schwab, many others)

Popular areas: Frisco, Plano, McKinney, Fort Worth, Arlington, Denton, Southlake

Houston

Key characteristics:

• Zillow's most buyer friendly Texas market for 2026
• Added 198,000+ new residents (2023-2024)
• Energy industry hub, also healthcare (Texas Medical Center), NASA
• Most diverse economy in Texas
• Median home price around $335,000 most affordable major TX metro after San Antonio

Popular areas: The Woodlands, Katy, Sugar Land, Pearland, League City, Heights, Montrose

San Antonio

Key characteristics:

• Most affordable major Texas metro (median $265,000)
• Military presence (Lackland AFB, Fort Sam Houston, Randolph AFB)
• Healthcare hub, tourism (River Walk, Alamo)
• Strong VA loan utilization

Popular areas: Stone Oak, Alamo Heights, Helotes, New Braunfels, Boerne

Texas Real Estate & Mortgage Update - Q1 2026

Texas remains one of the most active housing markets in the country supported by strong job growth, continued population migration and a diverse mix of urban, suburban and secondary markets. While mortgage rates are higher than the historic lows seen in prior years buyer demand in many Texas metro areas remains strong. Markets like Austin, Dallas–Fort Worth, Houston and San Antonio continue to attract new residents which has helped support home prices even as affordability has tightened. Housing inventory has improved in some areas, giving buyers more negotiating room particularly in suburban and exurban markets while high demand neighborhoods remain competitive.

Higher interest rates have cooled refinancing volume and have also reduced bidding pressure in certain purchase markets. Many Texas homeowners are still refinancing either to restructure debt, shorten loan terms or access equity with a cash out refinance structured correctly under Texas law.

Looking ahead, mortgage rate direction will depend on inflation trends, bond market activity and Federal Reserve policy. While no one can predict rates with certainty, borrowers who stay informed and lock strategically can reduce risk in a volatile market. For more information, see our Mortgage Rate Forecast for expert predictions on where rates are headed.

Texas Refinance Rates

Refinancing in Texas can be a good move if it lowers your monthly payment, reduces long term interest costs or allows you to access equity for other goals. The best Texas refinance rates are usually available to borrowers with strong credit and substantial equity.

Factors Affecting Texas Refinance Rates

Several factors affect refinance rates in Texas. Knowing these factors can help you obtain the lowest refinance rates such as:

• Credit History: A strong credit score can cut your interest rate with lenders. A low score may mean higher rates.
• Loan-to-Value (LTV) Ratios: Your LTV ratio also affects your rate. Having more equity usually means better terms.
• Changing Home Values: Market changes in Texas can influence refinance deals. Rising home prices can offer good opportunities.

Strategies for TX Homeowners Considering Refinancing

For homeowners contemplating refinancing, here are some strategies for Texas homeowners to consider when evaluating refinance rates:

• Assess your financial situation: Ensure that refinancing aligns with your current financial goals and circumstances.
• Examine all costs: Look beyond the advertised interest rates and consider all associated fees to understand the total cost of refinancing.
• Plan for the future: Consider how long you plan to stay in your home since this can influence the cost-effectiveness of refinancing.
• Monitor economic indicators: Stay informed about economic trends that could indicate shifts in interest rates, helping you choose the best time to refinance.
• Rate locks: Consider locking in a rate during periods of favorable rates to maximize potential savings.

Refinancing can help in many ways, like lowering monthly payments, changing loan terms, or getting equity from your property. Increasing Texas refinance rates and mortgage interest rates signal a shift for homeowners. If you're thinking about refinancing, consider how the higher rates balance with gaining from your home's equity. It's about careful thinking and clear calculations when looking at refinancing's value today.

Cash Out Refinance in Texas

Texas homeowners can benefit from a cash out refinance, but the state's unique laws and regulations require special consideration, including:

• Home Equity Laws: Texas has strict laws governing home equity lending, including cash out refinances. These laws limit the amount of equity that can be borrowed and require specific closing procedures. It's crucial to work with a lender who understands these regulations to ensure compliance.
• Competitive Mortgage Rates: Despite the additional regulations, Texas's mortgage market is competitive, with many lenders offering attractive rates for cash out refinances.
• Growing Housing Market: Texas's population and economy have grown significantly in recent years, leading to a strong housing market in many areas. This growth can provide a solid foundation for homeowners considering a cash out refinance.
• Energy Efficiency Improvements: Texas homeowners can use a cash out refinance to fund energy efficiency improvements, such as upgrading to energy-efficient appliances or installing solar panels. These improvements can lead to long-term savings on utility costs.

When considering a cash out refinance in Texas, it's important to work with a cash out refinance lender that can help guide you through the process and ensure that you're making the best decision for your financial future.

Texas Cash Out Refinance Rules (Section 50(a)(6))

Texas has unique constitutional protections for homeowners that make cash out refinancing different from other states. These rules, known as Texas 50(a)(6) or "Texas A6" loans, are designed to protect homeowner equity.

Key Texas Cash Out Rules

Rule	Texas Requirement	Other States
Closing Cost Cap	2% of loan amount (excluding certain fees)	No cap
Waiting Period	12 day cooling off period before closing	None typically
Frequency	One per 12 months	No limit typically

Important: "Once a Texas Cash Out, Always a Texas Cash Out"

A critical rule Texas homeowners must understand: Once you complete a cash out refinance on your Texas homestead, all future refinances of that property are subject to the 80% LTV rule even if you're not taking additional cash out. This is recorded on your title and follows the property until sold. This means you should carefully consider whether a cash-out refinance is the right choice as it permanently affects future refinancing options on that property.

What's NOT Allowed in Texas

• FHA cash out refinance: Not permitted on Texas homesteads
• VA cash out refinance: Not permitted on Texas homesteads
• Cash out above 80% LTV: Not allowed regardless of lender

Texas Cash Out Timeline

1. Application submitted
2. 12 day letter provided (disclosure of rights)
3. Wait 12 days minimum (cooling off period)
4. Closing
5. 3 day rescission period (you can cancel)
6. Funds disbursed

Important: Plan for the additional timeline when considering a Texas cash out refinance. The 12 day waiting period is required by the Texas Constitution.

30 Year Fixed and 15 Year Fixed Rates in TX

30 year fixed and 15 year fixed mortgages are 2 of the most popular mortgage products in Texas. The 30 year fixed mortgage is by far the most popular mortgage. The main benefit of a 30 year term is the lower monthly payment when compared to a shorter term loan. This allows more people to afford to own their own home and can be very attractive to first time homebuyers or those with other large expenses. It can be very helpful to know the estimated 30 year fixed mortgage payment when homeowners want to plan their monthly cash flow. Knowing this allows for better budgeting and financial planning. 15 year fixed loans have lower interest rates for qualified borrowers that can afford the higher mortgage payment due to the shorter amortization period. We offer 30 year and 15 year fixed rates on our conventional, FHA, VA and Non QM loan programs.

Choosing between a 30 Year Fixed and a 15 Year Fixed

• Financial Stability and Cash Flow. If you prefer lower monthly payments for better cash flow management, a 30 year mortgage might be the better choice. It allows more flexibility in budgeting and provides the opportunity to invest surplus funds in other ventures that may offer higher returns.
• Total Cost and Interest. If you can afford higher monthly payments without undue financial strain, a 15-year mortgage will save you money in the long run due to lower interest rates and less total interest paid.
• Equity Building. A 15-year mortgage helps build equity faster, which is beneficial if you plan to sell the home after a few years or leverage the equity for other financial needs.

TX Mortgage Rates FAQs

TX Mortgage Rates Resources

• Mortgage Rate Forecast
• Top Reasons to Refinance in Today's Market
• Fixed Vs. Adjustable Mortgage Rates
• How Much Salary Do You Need To Buy A Home In Houston's Top Neighborhoods