Compare Mortgage Rates icon

Compare Mortgage Rates

Find Mortgage Lenders icon

Find Mortgage Lenders

Texas Mortgage Rates

Texas Mortgages and Mortgage Loan Rates

Everything is big in Texas. Area-wise, Texas is the second biggest state. Population-wise, it’s the second biggest in the nation. But when you need a Texas mortgage loan or Texas refinance, or a Texas second mortgage to turn your home’s equity into cash, it’s not about size, it’s about MortgageSearchLive.com.

Lots of big things exist within the state of Texas’s borders including the biggest number of Fortune 500 companies. Big oil deposits discovered in Texas in the early twentieth century turned into a really big oil bonanza. Texas agricultural and livestock industries are big and so are the opportunities for employment. Some things in Texas that aren’t so big are taxes and housing costs but this duo does help generate a big demand for Texas housing. Texas’ independent spirit and rich history also contribute to the big and growing demand.

Texas home equity loans

Home equity loans, a type of second mortgage, are also big in Texas. Many homeowners pursue them when they need money to cover big, one-time expenses. Rates on Texas home equity loans tend to be higher than those offered on first mortgages. But there are times when paying that higher rate makes more sense than a lower rate Texas refinance. Maybe you already have a great rate on your first mortgage. Or maybe you want to avoid paying the big closing costs that you typically encounter when refinancing.

Texas adjustable-rate mortgages

In Texas you’ll find a big variety of adjustable-rate mortgage (ARM) options. The rate on an ARM typically is low and fixed during the initial or introductory period. But after that period expires, which happens after 1, 3, or 5 years, the rate is no longer fixed. It switches to a variable rate that adjusts, or changes, at certain specified intervals. ARMs make sense for people that need lower payments right now, but anticipate an increase in income sufficient enough to be able to afford higher payments later.

Compare Texas mortgages

If your goal is buying a house or condo in the urban areas or the outskirts of Texas, it’s important to understand how different interest rates affect different loan products. You need to know, for example, that ARM rates are lower initially than the rate on a FRM, and that Texas first mortgage and refinance rates usually are lower than those offered on Texas second mortgages.

Popular Areas in Texas

Abilene
Alice
Amarillo
Andrews
Arlington
Athens
Austin
Bay City
Baytown
Beaumont
Beeville
Big Spring
Borger
Brenham
Brownsville
Brownwood
Bryan
College Station
Corpus Christi
Corsicana
Dallas
Del Rio
Denison
Dumas
Eagle Pass
Edinburg
El Campo
El Paso
Fort Worth
Gainesville
Galveston County
Granbury
Harlingen
Hereford
Houston
Huntsville
Irving
Jacksonville
Kerrville
Killeen
Kingsville
Lamesa
Laredo
Leander
Levelland
Longview
Lubbock
Lufkin
Marshall
Mcallen
Midland
Mineral Wells
Mission
Mount Pleasant
Nacogdoches
Odessa
Palestine
Pampa
Paris
Pecos
Plainview
Plano
Port Arthur
Raymondville
Rio Grande City
Round Rock
San Angelo
San Antonio
Sherman
Snyder
Stephenville
Sugar Land
Sulphur Springs
Sweetwater
Temple
Texarkana
Tyler
Uvalde
Vernon
Victoria
Waco
Wichita Falls