Current Texas Mortgage and Refinance Rates

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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
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Compare TX Mortgage Rates Today

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Summary of the best mortgage lenders in 2023

LenderLendingTree rating and “best of” categoryLender review

Refinance loans
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VA loans
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Jumbo loans
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Online mortgage experience
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FHA loans
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Home equity loans
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Mortgage loan variety
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  Learn more about how we chose our list of the best mortgage lenders.

3 first-time homebuyer programs in Texas

If you’re a first-time homebuyer who wants to put down roots in Texas, you may be eligible for some added assistance with your down payment and closing costs. The following programs are specifically geared toward those looking to settle down in the Lone Star State.

Home Sweet Texas

The Home Sweet Texas program offers low- to moderate-income Texans down-payment assistance as a grant or a forgivable second-lien loan. The down-payment assistance can equal up to 5% of your mortgage amount.

Who qualifies?

Eligible homeowners must:

  • Meet certain income and purchase price limits, though expanded limits are available in certain targeted areas
  • Use a participating lender

Homes for Texas Heroes

As the name suggests, the Homes for Texas Heroes program provides down-payment assistance grants or forgivable second-lien loans to those who work to help others. Teachers, police officers, firefighters and emergency medical services (EMS) personnel, corrections officers and veterans are eligible, even after buying their first home.

Who qualifies?

Eligible homeowners must:

  • Meet the specific eligibility criteria required for their profession
  • Meet certain income and purchase price limits, though expanded limits are available in certain targeted areas
  • Use a participating lender

My First Texas Home

Available to first-time homebuyers, the My First Texas Home program offers a 30-year, 0% interest loan that can help cover the upfront costs of buying a home. The loan can be worth up to 5% of your mortgage amount and it can be combined with Texas’ mortgage credit certificate.

Who qualifies?

Eligible homeowners must:

  • Be first-time homebuyers with a minimum credit score of 620
  • Meet income and property value limits
  • Work with a participating lender
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How to refinance your mortgage in Texas

If you own your own home, you may be interested in mortgage rates in Texas from a refinancing perspective. In lending, refinancing is the process of taking out a new home loan — usually one with better terms — to pay off your old one. While every homeowner’s refinancing scenario is different, here are a few tips to find your best rate:

  • Shop around: While your current lender is a great place to start, gathering quotes from a few different lenders is the best way to ensure that you get your best rate.
  • Give every lender the same information: While you’re shopping around, be sure to give every lender the same information. It will make it easy to ensure that you can make an apples-to-apples comparison between quotes.
  • Make a decision after gathering at least three quotes: Getting different quotes will allow you to make the best choice for you once you see the range of available rates.
Ready to compare refinance lenders?