Texas home buyers have utilized low FHA mortgage rates and aggressive lending guidelines from this government insured loan program. Property values in the Mid-West have been battered, so local applicants have embraced the FHA loan programs and record low Texas mortgage rates. Refinancing in Texas can be tricky so make sure you are speaking with an experienced Texas lender. Nationwide continues to post current FHA mortgage rates for Texas lending. With property values finally rebounding and low interest rates, people in Texas are buying homes again.
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Rate Disclosure on FHA Loan in Texas *The 3.25% is fixed 30-year rate that was quoted above for a $200,000 loan is $870.41 a month. There is $895 in lender fees and closing costs in conjunction with this example. The APR is 3.38%. Property taxes and insurance have not been factored into this payment referenced above.
* Please Note ---Texas FHA rates are subject to change without notice
FHA Loan Articles
Nationwide publishes loan articles online to help Texas homeowners and perspective home buyers to make better decisions with home loans and refinancing.