Texas Mortgage Rates

February 28, 2015 05:58 PM Eastern

Refinance rates now in DALLAS, TX [Change this]

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Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

Mortgage Rate Trends

Monthly | Daily

Mortgage Rate Lock Recommendation

May 28, 2014
  •   Lock if closing in 7 days:
    Rates are down
  •   Lock if closing in 15 days:
    Rates are down
  •   Lock if closing in 30 days:
    Rates are down
  •   Float if closing in 45 days:
    Rates might drop in next month
  •   Float if closing in 60 days:
    Rates might drop in next month

First-Time Buyer Programs Using Current Texas Mortgage Rates

Texas, one of the largest states in the country, also has one of the best- performing mortgage markets and real estate economies. If you're looking to purchase a home or refinance your existing loan in "The Lone Star State," it helps to have as much information at your fingertips as possible, including information about current TX mortgage interest rates.

Educating yourself about TX interest rates and loan options will help you determine the best loan program that fits your unique situationsituation and your budget, and help you get into the home of your dreams sooner.

Texas Mortgage Education and Finding Low TX Mortgage Rates

Education for potential homebuyers is offered through the The Texas Department of Housing and Community Affairs offers home buying education for TX residents. Classes prepare the individual for the financial responsibilities associated with owning a homeme,, and help buyers understand the process of obtaining a loan and finding out about Texas' mortgage interest rates.

These classes must be taken from a certified homebuyer education provider. The certified education includes information on budgeting, as well as warnings about mortgage and refinancing fraud. This education ensures that first-time homebuyers are prepared to buy and own a home.

First Time Home Buyer Program in Texas

The Texas Department of Housing and Community Affairs (TDHCA) offers a 10-year deferred forgivable 2nd mortgage for down payment and closing cost assistance, up to 4 percent of the first mortgage amount. The loan is offered at a competitive interest rate and is amortized over 30 years.

significant advantage of this program is that borrowers are not required to make monthly payments on the 2nd mortgage. All payments are deferred and are eventually forgivable should the borrower occupy the home for the entire 10 year period.

Texas Recovery Area Home Loans

First time home buyers purchasing a home in a presidentially-declared disaster area receive relaxed mortgage qualifying guidelines on most loan programs offered through the Texas Department of Housing and Community Affairs. If you're not sure where to look, the TDHCA makes available a list of real estate agents and brokers who can help you find the right home, and finance it through their participating lending partners. Both resources can be found right here at lendingtree.com or through this link.

Money for Home Repairs in Texas

Through the Texas Foundations Fund Texas residents can apply for a grant to make improvements and necessary repairs to their homes. Funds are offered through non-profit partners throughout the state and are restricted to those homeowners in the very low and extremely low income brackets. The money can be used to improve immediate living standards, build new single family homes, repair existing owner-occupied single family homes, and enhance accessibility for the elderly and disabled. Location and income restrictions apply.