Texas Mortgage Lender

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Buying a home in Texas is a major step towards building your future. Texas continues to be one of America's hottest housing markets in 2025. With median home prices around $350,000 and steady appreciation rates of 4-6% annually across major cities, Texas remains more affordable than coastal states while offering strong investment potential. At Truss Financial Group, we've helped hundreds find the right mortgage solutions since 2006.

By the end of this guide, you will know all the important details related to loan programs in Texas:

Key Takeaways

Texas mortgage rates remain competitive in 2025, with median home prices around $350,000 and annual appreciation of 4-6% creating strong investment potential.

Truss Financial Group offers specialized mortgage solutions for diverse situations including self-employment, military service, and first-time homebuyers across all Texas regions.

No state income tax and strong homestead protections make Texas homeownership particularly advantageous compared to other states.

Down payment assistance programs are available for qualified Texas homebuyers, with options requiring as little as 3% down for conventional loans.

Property taxes significantly impact monthly payments in Texas, typically adding about 30% to your principal and interest payment.

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Expert Texas Mortgage Solutions Since 2006

Today's Texas homebuyers face unique challenges and opportunities:

Rising interest rates that require strategic financing
Competitive markets in cities like Austin and Dallas
Property tax considerations that affect your total monthly payment
Special programs for first-time buyers and veterans

What sets Truss Financial Group apart is our personalized approach to Texas mortgages. We don't just offer loans—we create mortgage solutions tailored to your specific financial situation and goals. Whether you're a first-time homebuyer, self-employed professional, or real estate investor, we have loan options designed for your needs with competitive rates and flexible terms.

Unlike banks with rigid requirements, we specialize in finding creative solutions for diverse financial situations. Our loan officers live and work in Texas communities, giving them insight into local market conditions that online lenders simply can't match.

Ready to make your Texas homeownership dreams a reality? Let's work together to find the right mortgage for your unique situation.

What are the Areas We Serve in Texas

Truss Financial Group proudly serves homebuyers and homeowners across the entire Lone Star State. Our mortgage specialists understand the unique opportunities and challenges in each region of Texas.

Major Metropolitan Areas

Dallas-Fort Worth: As one of the fastest-growing metro areas in the country, DFW offers diverse neighborhoods from urban high-rises to spacious suburban communities. Home prices range widely, with median values around $375,000. Our DFW mortgage team knows the specific requirements for condos, new developments, and established neighborhoods throughout the Metroplex.

Houston: From The Heights to Katy, Houston's vast real estate market offers options for every budget. We understand the importance of flood zone considerations and help homebuyers navigate these challenges with appropriate financing solutions.

Austin: In this competitive market, our specialists help you secure quick pre-approvals and strong financing packages that sellers prefer. We're familiar with Austin's unique neighborhoods from downtown to the Hill Country suburbs.

San Antonio: With its military presence and growing job market, San Antonio offers excellent value for homebuyers. Our team specializes in VA loans and programs specifically beneficial to San Antonio residents.

Growing Suburban Communities

Beyond major cities, we serve rapidly developing suburban areas including:

North Texas: Frisco, Plano, McKinney, and Allen
Houston Area: The Woodlands, Sugar Land, Pearland, and Katy
Austin Region: Round Rock, Cedar Park, Georgetown, and Leander
San Antonio Area: New Braunfels, Boerne, and Schertz

These communities often offer newer homes, excellent schools, and more square footage for your money. Our mortgage advisors can help you understand property tax implications and new construction financing options in these growing areas.

Rural Texas Locations

Texas offers beautiful rural properties with unique financing needs. We specialize in:

USDA Rural Development Loans: Zero-down options for qualifying rural properties
Farm and Ranch Loans: For properties with agricultural components
Large Acreage Financing: Options for properties with significant land
Remote Property Considerations: Solutions for homes in less-populated counties

Our experience with rural Texas properties means we understand well water, septic systems, and other considerations that many lenders find challenging.

Whether you're looking at a high-rise condo in downtown Houston, a family home in suburban Dallas, or a ranch in the Texas Hill Country, Truss Financial Group has the local expertise to guide your mortgage journey. Our statewide network ensures you get personalized service no matter where in Texas you choose to call home.

What are Our Texas Mortgage Programs?

We offer a variety of mortgage solutions tailored to the unique needs of Texas homebuyers. Whether you're a first-time buyer, self-employed professional, or military veteran, we have options to fit your situation.

Mortgage Options for Every Texas Homebuyer

Whether you're a first-time buyer, self-employed professional, real estate investor, or retiree, we have options designed specifically for your situation.

Conventional Loans - Popular for good-credit borrowers with down payments starting at 3%. These conventional loans offer competitive rates and fewer restrictions than government-backed options. Ideal for Texas homebuyers with stable income and strong credit profiles looking for long-term financing.

FHA Loans - Perfect for first-time buyers with down payments as low as 3.5%. FHA loans work well for buyers with credit scores as low as 580 who need more flexible qualifying guidelines. These government-backed mortgages provide an accessible path to homeownership for many Texas families.

Bank Statement Loans - Designed for self-employed Texans. Instead of complex tax returns, we use your bank deposits to qualify you. Ideal for business owners, freelancers, and gig workers with variable income. These specialized loans recognize your true earning capacity beyond what appears on tax returns.

Stated Income Loans - Modern alternatives to traditional income verification for qualified Texas borrowers. These loans allow certain borrowers to qualify based on declared income with alternative verification methods. Ideal for commission-based professionals, seasonal workers, and others with complex income structures. Today's stated income options include stronger verification safeguards than pre-2008 versions while still providing flexibility.

DSCR Loans - For Texas real estate investors. These loans qualify based on the property's rental income potential rather than your personal income. Buy investment properties without the traditional income documentation hassle. DSCR loans require the property's income to cover the mortgage payment with a ratio of 1.0 or higher.

Asset Depletion Loans - For retirees and high-net-worth individuals. We calculate your loan eligibility based on your assets rather than monthly income. These programs convert your investment portfolios, retirement accounts, and liquid assets into theoretical income for qualification purposes.

Jumbo Loans - For high-value Texas properties that exceed conforming loan limits. These loans feature competitive rates with specialized options for luxury homes. Our jumbo programs offer financing up to $5 million with flexible terms for Texas' premium real estate markets. We provide jumbo options for primary residences, second homes, and investment properties with customized solutions for complex financial situations.

Home Equity Lines of Credit (HELOCs) - Flexible financing that lets Texas homeowners tap into their equity as needed. HELOCs work like a credit card secured by your home, allowing you to borrow, repay, and borrow again during the draw period. Perfect for home improvements, debt consolidation, education expenses, or creating a financial safety net. Texas HELOCs follow specific state regulations including 80% combined loan-to-value limits and mandatory waiting periods.

Reverse Mortgages - Designed for Texas homeowners aged 62 and older. Reverse mortgages allow you to convert home equity into tax-free cash without monthly mortgage payments. These FHA-insured loans provide retirement funding while allowing you to remain in your home. We also offer proprietary jumbo reverse mortgages for high-value properties exceeding FHA limits.

Fix and Flip Loans - Specialized short-term financing for Texas real estate investors purchasing distressed properties for renovation and resale. These loans fund both acquisition and renovation costs with loan terms typically ranging from 6-24 months. Our fix and flip programs feature streamlined approval processes, flexible property condition requirements, and competitive rates based on experience level.

VA Loans - Exclusive financing for veterans, active duty service members, and eligible surviving spouses. VA loans offer 100% financing with no mortgage insurance and competitive rates. Texas has one of the nation's largest veteran populations, and we proudly serve those who've served our country with specialized VA loan expertise.

Texas Mortgage Programs Comparison Table

Loan Type	Minimum Down Payment	Minimum Credit Score	Best For	Special Features
Conventional	3-5%	620+	Borrowers with good credit	Lower PMI, cancelable after 20% equity
FHA	3.5%	580+	First-time buyers, lower credit scores	More flexible credit requirements
VA	0%	Typically 620+	Veterans, active military	No PMI, competitive rates
USDA	0%	640+	Rural and some suburban areas	Income limits apply
Bank Statement	10-15%	620+	Self-employed borrowers	Uses bank deposits instead of tax returns
DSCR	20-25%	640+	Real estate investors	Based on property's rental income
Jumbo	10-20%	680+	Luxury properties	Exceeds conforming loan limits

Texas-Specific Mortgage Advantages: Why you should invest?

Texas offers unique benefits to homeowners that make mortgages here different from other states:

Homestead Protection - Texas has some of the strongest homestead protection laws in the country, protecting up to 10 acres in cities and 100 acres in rural areas from most creditors.

No State Income Tax - Your mortgage dollars go further since Texas doesn't collect state income tax, leaving more money in your budget for your home payment.

Texas Down Payment Assistance - Access state-specific programs like Texas Home, My First Texas Home, and Texas Mortgage Credit Certificate that can provide thousands in assistance to qualified buyers.

Property Tax Benefits - Homestead exemptions can reduce your property tax burden significantly, particularly for seniors, veterans, and disabled homeowners.

Texas Veteran Home Loan Programs

Texas takes special care of its military community with exceptional mortgage options:

VA Loans - Zero down payment, no mortgage insurance, and competitive rates for veterans, active duty service members, and eligible spouses.

Texas Veterans Land Board (VLB) Loans - This Texas-exclusive program offers below-market interest rates and loans up to $647,200 with minimal down payment requirements.

VLB Land Loans - Special financing for Texas veterans buying raw land with loans up to $150,000 and competitive fixed rates.

Home Improvement Loans - Special VLB programs to help Texas veterans renovate and modify their homes with favorable terms.

Our team specializes in these Texas-specific programs, helping you maximize your benefits and secure the best possible terms based on your service.

Want to explore specialized mortgage options? Learn more about Self-Employed Mortgages, Bank Statement Loans, or Home Equity Lines of Credit, or talk with our Texas mortgage team today.

What are Texas Home Buying Requirements?

Understanding what it takes to qualify for a Texas mortgage helps you prepare for a smoother home buying journey. Here's what you need to know about mortgage requirements in the Lone Star State:

1. Credit Score Requirements for Texas Mortgages

Your credit score plays a crucial role in mortgage approval and the interest rate you'll receive. Here's what to expect for different loan types in Texas:

Conventional Loans - Most lenders require a minimum score of 620, though better rates come with scores of 740+. With strong compensating factors like a large down payment, you might qualify with scores as low as 600.

FHA Loans - These government-backed loans accept scores as low as 580 with a 3.5% down payment. Some FHA lenders may approve scores between 500-579 with a 10% down payment.

VA Loans - While the VA doesn't set a minimum score, most Texas lenders look for at least 620. Some VA-approved lenders work with scores as low as 580.

Bank Statement and Non-QM Loans - These specialized programs typically require scores of 640-680, though some options exist for scores as low as 600.

USDA Loans - For rural properties, USDA loans generally require a 640+ credit score.

Don't let credit concerns stop you. We work with borrowers across the credit spectrum and can explain how credit improvement might benefit your specific situation.

2. Texas Down Payment Options and Assistance Programs

The down payment often represents the biggest hurdle for Texas homebuyers. Here's what you can expect:

Conventional Loans - As low as 3% down for first-time buyers, typically 5-10% for others.

FHA Loans - Minimum 3.5% down with qualifying credit scores.

VA Loans - No down payment required for eligible veterans and service members.

USDA Loans - No down payment required for eligible rural properties.

Texas Down Payment Assistance Programs:

Texas Homebuyer Program - Offers up to 5% of your loan amount as down payment assistance for qualified buyers.
My First Texas Home - Provides competitive fixed-rate mortgage loans and down payment assistance to first-time buyers and veterans.
Texas Mortgage Credit Certificate - Offers a tax credit up to $2,000 annually while you own and live in your home.
Local Programs - Many Texas cities and counties offer their own assistance programs for residents, including Dallas, Houston, Austin, and San Antonio.

These programs often have income limits and require homebuyer education courses. Our mortgage team can help determine which programs you qualify for.

3. Current Mortgage Interest Rates in Texas

Mortgage rates in Texas closely follow national trends but can vary based on several factors. Today's rates generally range from 6.25% to 7.50% for conventional 30-year mortgages, depending on your credit score, down payment, and loan type.

What affects your personal rate:

Credit score - Higher scores receive better rates
Loan-to-value ratio - Larger down payments typically secure lower rates
Loan type - Government-backed loans may offer lower rates for qualified borrowers
Property type - Primary residences usually receive better rates than investment properties
Loan term - 15-year mortgages generally have lower rates than 30-year terms
Points - You can pay points upfront to lower your interest rate

Market conditions change daily. Contact us for today's personalized rate quote based on your specific situation.

Texas Income Verification Process

Lenders need to verify you can afford your mortgage payment. Here's how income verification typically works in Texas:

Traditional Employment:

Recent pay stubs (typically covering 30 days)
W-2 forms from the past 2 years
Federal tax returns for the past 2 years
Verification of employment from your employer

Self-Employed Borrowers:

Tax returns from the past 2 years with all schedules
Year-to-date profit and loss statement
Business tax returns if you own 25% or more of a business
Bank Statement Loans - 12-24 months of personal or business bank statements instead of tax returns

Other Income Sources:

Award letters for Social Security, disability, or pension income
Divorce decree for alimony or child support
Lease agreements for rental income
Documentation of investment income

Most Texas lenders look for a debt-to-income ratio under 43%, though some loan programs allow ratios up to 50% or higher with strong compensating factors.

Property Types Eligible for Financing in Texas

Texas offers diverse housing options, and most property types qualify for mortgage financing:

Single-Family Homes - The most straightforward to finance with all loan types.

Condominiums & Townhomes - May face additional scrutiny regarding HOA financial health, owner-occupancy ratios, and insurance coverage. FHA and VA loans have specific condo approval requirements.

Multi-Family Properties (2-4 Units) - Available with most loan types when you'll live in one unit. Investment-only multi-family properties typically require larger down payments.

Manufactured Homes - Must be permanently affixed to a foundation. Some loan types have additional requirements regarding the home's age and size.

Rural Properties & Acreage - Special considerations for well water, septic systems, and outbuildings. USDA loans are designed specifically for rural properties.

New Construction - Construction-to-permanent loans are available for custom builds. For new developments, we can work with builder financing or provide traditional mortgages.

Non-Warrantable Properties - Some condos, co-ops, or unique properties don't meet conventional guidelines but may qualify for specialized financing.

Texas property requirements often include inspections for termites, flood zone determinations, and in some areas, windstorm insurance certification.

Need guidance on the right financing for your specific property? Our Texas mortgage specialists can explain your options and help navigate any property-specific requirements.

Understanding Texas Property Taxes and Homeownership Costs

When buying a home in Texas, understanding the complete cost picture beyond just your mortgage payment is essential. Property taxes and insurance represent significant ongoing expenses that directly impact your monthly budget and long-term affordability.

Texas Property Tax Rates and Homestead Exemptions

Texas has no state property tax, but don't celebrate just yet. Local taxing authorities—including counties, cities, school districts, and special districts—set their own rates and collect property taxes to fund local services. This creates a patchwork of tax rates that vary significantly depending on your location.

With an average effective property tax rate around 1.8%, Texas has one of the highest property tax burdens in the nation. For perspective, on a $350,000 home, your annual property tax bill might run $6,300 or more depending on your location. However, Texas offers valuable homestead exemptions to reduce this burden:

General Homestead Exemption - All homeowners can remove $40,000 from their home's value for school district taxes.

Age 65 or Older/Disabled Exemption - Seniors and disabled homeowners qualify for an additional $10,000 exemption on school taxes and may qualify for tax "freezes" from certain taxing units.

Disabled Veteran Exemptions - Veterans with service-connected disabilities can receive exemptions ranging from $5,000 to 100% of their home's value depending on disability rating.

10% Cap on Annual Increases - Your taxable value cannot increase more than 10% per year if you maintain homestead status.

To claim these exemptions, you must:

Own and occupy the home as your primary residence
Submit an application to your county appraisal district
Apply by April 30th following your purchase (though late applications are accepted up to one year after the deadline)

The homestead exemption process isn't automatic—many new Texas homeowners miss out simply by not applying. We recommend filing your homestead application as soon as you establish residency.

How Property Taxes Impact Your Monthly Payment?

Property taxes significantly affect your monthly housing payment in Texas. Most mortgage lenders use an escrow account to collect and pay these taxes on your behalf, spreading the annual cost over 12 monthly payments.

Here's how property taxes factor into your monthly payment:

PITI Payment Structure:

Principal - Portion of payment reducing your loan balance
Interest - Cost of borrowing the money
Taxes - Property taxes collected monthly
Insurance - Homeowners insurance (and possibly PMI)

For example, on a $350,000 home with a $280,000 mortgage at 6.5% interest:

Principal and Interest: ~$1,770/month
Property Taxes (~1.8%): ~$525/month
Insurance: ~$175/month
Total Monthly Payment: ~$2,470

Notice how property taxes add approximately 30% to what would otherwise be just your principal and interest payment. This is why many buyers are surprised when their mortgage payment is significantly higher than an online mortgage calculator indicated.

Property tax considerations when home shopping:

Tax rates vary widely—even between neighboring communities
Newer developments often have higher tax rates to fund infrastructure
Some areas have multiple overlapping taxing authorities
Homes in tax-heavy districts can have lower purchase prices but higher monthly costs

Always ask about the current property tax bill when considering a property, and remember that your taxes may increase after purchase if the previous owner had exemptions you don't qualify for.

Insurance Requirements for Texas Homeowners

Texas homeowners face unique insurance challenges due to the state's diverse climate risks:

Standard Homeowners Insurance - Covers dwelling, personal property, liability, and loss of use. Texas premiums average $2,000-$3,000 annually—among the highest nationwide—due to severe weather risks.

Windstorm Insurance - In coastal counties, standard policies often exclude wind and hail damage. The Texas Windstorm Insurance Association (TWIA) provides coverage in 14 coastal counties and parts of Harris County, but at additional cost.

Flood Insurance - Not included in standard policies yet critical in many Texas areas. Even properties outside designated flood zones may benefit from coverage, as many Houston homeowners discovered during Hurricane Harvey.

Lender-Required Coverage:

Mortgage companies require sufficient coverage to protect their investment
Typically demands replacement cost coverage (not actual cash value)
May require specific endorsements based on property location
For loans with less than 20% down, private mortgage insurance (PMI) adds another monthly cost

Texas-Specific Considerations:

Multiple-deductible policies are common, with separate deductibles for hail, wind, or named storms
Some areas require specific certifications for windstorm coverage
Many insurers offer discounts for impact-resistant roofing, security systems, and newer homes
Shopping among multiple carriers is essential, as rates can vary by thousands for identical coverage

When budgeting for your Texas home purchase, factor in these insurance costs—they're often significantly higher than in other states. Your mortgage lender will require proof of insurance before closing, and we recommend shopping for coverage about 30 days before your scheduled closing date.

Understanding these ongoing homeownership costs is crucial to making an informed buying decision in Texas. Our mortgage specialists can help you evaluate the complete cost picture for any potential property and find the right financing solution to fit your budget.

What is the Texas Mortgage Application Process?

Securing a mortgage in Texas shouldn't be complicated. Our streamlined process guides you from application to closing with minimal stress and maximum support.

Step-by-Step Application Guide for Texas Borrowers

Pre-Qualification/Pre-Approval: Start your home buying journey on solid footing by getting pre-approved. This initial step helps determine your price range and demonstrates to sellers that you're serious. We review your financial situation and credit history to provide a pre-approval letter typically valid for 60-90 days.
Formal Application: Once you've found your perfect Texas property and have an accepted offer, it's time to complete your full mortgage application. We'll guide you through completing the Uniform Residential Loan Application, collect your documentation, and discuss your loan options.
Loan Processing: Our processing team verifies all your information and prepares your file for underwriting. This includes ordering the appraisal, title search, and verifying employment, income, and assets. For Texas properties, we'll also coordinate property tax verifications and HOA documentation if applicable.
Underwriting: Our underwriters thoroughly review your application against the specific requirements of your chosen loan program. They may request additional documentation or clarification on certain items. Texas-specific underwriting considerations include reviewing property tax obligations and flood zone determinations for coastal and low-lying areas.
Conditional Approval: Most loans receive a "conditional approval" that requires addressing specific items before final approval. Our team works proactively to clear these conditions quickly, often including things like explanation letters, additional asset documentation, or property-related information.
Clear to Close: Once all conditions are satisfied, your loan receives the "clear to close" status. We'll coordinate with the title company to schedule your closing appointment and prepare your final closing disclosure, which must be delivered at least three business days before closing per federal regulations.
Closing: At the closing appointment, you'll sign your loan documents, pay your closing costs, and receive the keys to your new Texas home. Texas is typically a "table funding" state, meaning funds are often available the same day as closing.

What Documents Are Required for Texas Mortgages?

Be prepared to provide these documents during your Texas mortgage application:

Personal Identification

Valid government-issued photo ID
Social Security number
For non-citizens: Green card or visa documentation

Income Verification

Most recent 30 days of pay stubs
W-2 forms from the past two years
Federal tax returns with all schedules (past two years)
For self-employed: Business tax returns, profit/loss statements, and business license

Asset Documentation

Two months of bank statements (all pages, all accounts)
Recent statements for retirement accounts, investments, or other assets
Documentation for the source of your down payment
Gift letters if using gift funds (common for first-time buyers)

Property Information

Signed purchase agreement
Contact information for the title company
Home insurance quote
HOA information if applicable
For new construction: Builder contract and specifications

Additional Texas-Specific Documents

Texas Residential Property Disclosure (provided by seller)
Texas homestead exemption documentation (if applicable)
Flood zone certification (especially important in coastal and Houston areas)
Wind/hail insurance information (required in many Texas regions)

For Specialized Loans

VA Loans: Certificate of Eligibility, DD-214
FHA Loans: FHA Case Number
Bank Statement Loans: 12-24 months of business/personal bank statements
DSCR Loans: Property rental income documentation

Texas Closing Process and Timeline

The Texas mortgage closing timeline typically spans 30-45 days from application to key handover, though we can expedite for time-sensitive transactions.

Week 1-2: Initial Processing

Application review and document collection
Appraisal ordered (typically takes 7-10 days in Texas markets)
Title work ordered
Initial underwriting review begins

Week 3: Active Underwriting

Appraisal received and reviewed
Underwriter issues conditional approval
Additional documentation requests addressed
Title work examined

Week 4: Final Preparation

All conditions cleared with underwriting
Final approval issued
Closing Disclosure prepared and delivered (3 business days before closing)
Final loan documents prepared

Closing Day Specifics in Texas

Texas follows specific closing procedures that differ from some other states:

Closings typically occur at title company offices, not attorney offices
Texas is a community property state, often requiring both spouses to sign documents even if only one is on the loan
Texas has unique home equity loan restrictions protecting homeowners
The Texas Homestead Law provides special protections requiring specific closing documentation

At closing, you'll sign approximately 50-100 pages of documents and provide a cashier's check or wire transfer for your down payment and closing costs. In most cases, funding occurs the same day, allowing you to receive your keys immediately after signing.

Why Choose Truss Financial Group for Your Texas Mortgage?

Personalized Texas Lending Solutions

At Truss Financial Group, we recognize that Texas homebuyers don't fit into neat, conventional boxes. Our personalized approach means finding the right solution for your unique situation:

Self-Employed Professionals - Our bank statement loan programs are perfectly suited for Texas entrepreneurs, freelancers, and business owners who may show limited income on tax returns but have strong, steady cash flow.
Real Estate Investors - Our DSCR loans are designed for Texas property investors, using the property's rental income potential rather than your personal income to qualify.
Military Members and Veterans - Beyond standard VA loans, we help Texas service members access state-specific veteran housing benefits that many lenders aren't familiar with.
Medical Professionals - Our specialized physician loans help Texas doctors, dentists, and other healthcare professionals overcome student debt hurdles and qualify for homes that match their future earning potential.
Foreign Nationals - For international buyers investing in Texas real estate, our foreign national programs offer solutions when traditional financing isn't available.
Credit Challenges -
We look beyond credit scores to help Texas homebuyers with past credit issues, offering rehabilitation loans and portfolio products that consider your full financial picture.

What sets us apart is our consultative approach. Rather than simply taking applications, we start with understanding your goals, timeline, and financial situation. Then we custom-tailor a mortgage solution that aligns with your specific needs—whether you're buying your first home in Houston, investing in Dallas rental properties, or building your dream home in the Hill Country.

Our mortgage advisors are readily available by phone, email, text, or in-person at our Texas offices. We're committed to clear communication throughout the process, with direct access to decision-makers who can solve problems quickly.

Texas Mortgage FAQs

Is Now a Good Time to Buy a Home in Texas?

The Texas market has stabilized after the frenzied seller's market of 2021-2022. Home prices have leveled in many areas, creating better conditions for buyers than we've seen in years. With Texas leading the nation in new construction, inventory has improved, giving buyers more options and negotiating power.

The best time to buy isn't about perfect market timing – it's when you find the right home that fits your needs and budget.

How Do Texas Mortgage Rates Compare Nationally?

Texas mortgage rates typically track within 0.125% of national averages. The competitive Texas lending market – with numerous banks, credit unions and mortgage companies – often creates slightly better rate options than you'll find in less competitive states.

Texas rates benefit from the state's stable property values, which lenders view as lower risk. Urban areas like Houston, Dallas, and Austin generally see the most competitive rates, while some rural areas may run slightly higher.

Your personal rate will depend far more on your credit score, down payment, and loan type than on Texas-specific factors.

What Makes Texas Home Loans Different?

Texas has distinctive mortgage features you won't find in most states:

Strong homestead protections that limit home equity borrowing to 80% of your home's value
Community property laws that typically require both spouses to sign mortgage documents
State-regulated title insurance rates that are identical across all title companies
No prepayment penalties allowed on most home loans
Higher property taxes balanced by no state income tax (affecting debt-to-income calculations)
Unique Texas Veterans Land Board loan programs with below-market rates
Special closing procedures using title companies rather than attorneys
12-month waiting periods between cash-out refinances

These Texas-specific differences can impact everything from your closing costs to refinancing options.

Can I Buy a House in Texas with No Down Payment?

Yes – several legitimate zero-down options exist for Texas homebuyers:

VA loans for veterans and active military (no down payment, no monthly mortgage insurance)
USDA loans for properties in designated rural areas (many Texas suburbs qualify)
Texas Veterans Land Board loans for Texas veterans (often with minimal to no down payment)
Down payment assistance programs through programs like My First Texas Home (providing up to 5% of your loan amount)
City-specific assistance in Houston, Dallas, Austin, and San Antonio

While zero-down financing makes homeownership more accessible, remember that putting money down reduces your monthly payment and builds immediate equity.

Start Your Texas Homeownership Journey

Taking the first step toward your Texas home purchase is easier than you think. Our mortgage team can guide you through the entire process with expert, personalized service.

Get started today:

Call: 888-878-7715
Email: hello@trussfinancialgroup.com
Visit: www.trussfinancialgroup.co m

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