Texas Home Mortgage Loans

Texas Mortgage Lenders offer home loan programs such as; Conforming, Cash Out, FHA, VA 100% Purchase and Home Equity Loans.

Once again, rates in Texas have been reduced for purchase, mortgage refinancing with FHA or VA for residents of Houston to San Antonio. Home refinancing has never been easier since the FHA introduced the 95% cash out loans that allow borrowers with good and bad credit to refinance their existing adjustable rate mortgage. Choose from 15, 20, 30 and 40-year terms. We offer home loans in Texas from $75,000 to $2,000,000 to qualified homeowners. Texas mortgage rates have not been this low in nearly 30-years. Take advantage of government incentives with reduced closing costs and waived lender fees. Property values have finally started to rebound and so have home sales in the Lone-Star state. Texas mortgage loan inquires have risen as well for both refinance and purchase.

Buy a Home with Little Down While Texas Mortgage Rates on Fixed Home Loans Are Available at 3.5%

If you are currently past due on your loan payments because your adjustable rate increased, discuss your situation with the friendly refinancing team at BD Nationwide. If you have had problems in the past with low credit scores, but need to refinance your home mortgage or credit line, then you have found your financing partner. Compare rates on Texas home loans now with no obligation.

Texas Home Loan Amounts Remain Higher with FHA Limits

Many Texas homeowners will benefit from new increased FHA limits with fixed rate refinance loans up to $271,050 in designated high cost areas. Home refinancing has never been easier with cash out loans available up to 95% for qualified borrowers. Our FHA lenders are approving Texas home loans with only a 3.5% down-payment needed. BD Nationwide is in a position to offer deeper discounts with lower interest rates across the board for 15 and 30-year amortizations schedules. The Housing of Urban Development raised the Texas mortgage maximum limits for 2013 and the loan changes can be seen below by county. According to the Department of Housing and Urban Development, Texas first time home buyers have been choosing FHA almost 2 to 1 over conventional mortgages.

MSA Name

County Name

State

One-Family

Two-Family

Three-Family

Four-Family

BAY CITY

MATAGORDA

TX

$271,050

$347,000

$419,400

$521,250

LAREDO

WEBB

TX

$271,050

$347,000

$419,400

$521,250

LONGVIEW

RUSK

TX

$271,050

$347,000

$419,400

$521,250

TYLER

SMITH

TX

$271,050

$347,000

$419,400

$521,250

LEVELLAND

HOCKLEY

TX

$271,050

$347,000

$419,400

$521,250

RAYMONDVILLE,

WILLACY

TX

$271,050

$347,000

$419,400

$521,250

WACO

MCLENNAN

TX

$271,050

$347,000

$419,400

$521,250

WICHITA FALLS

CLAY

TX

$271,050

$347,000

$419,400

$521,250

HOUSTON-SUGAR LAND-BAYTOWN

AUSTIN

TX

$271,050

$347,000

$419,400

$521,250

HOUSTON-SUGAR LAND-BAYTOWN

GALVESTON

TX

$271,050

$347,000

$419,400

$521,250

VERNON

WILBARGER

TX

$271,050

$347,000

$419,400

$521,250

GAINESVILLE

COOKE

TX

$271,050

$347,000

$419,400

$521,250

DUMAS

MOORE

TX

$271,050

$347,000

$419,400

$521,250

BEAUMONT-PORT ARTHUR

HARDIN

TX

$271,050

$347,000

$419,400

$521,250

AMARILLO

ARMSTRONG

TX

$271,050

$347,000

$419,400

$521,250

EL PASO

EL PASO

TX

$271,050

$347,000

$419,400

$521,250

KINGSVILLE

KLEBERG

TX

$271,050

$347,000

$419,400

$521,250


Texas Claims 4 of Top 10 for Fastest Growing Regions in 2012

According to a 2012 government census report, several Texas metropolitan areas were ranked high in the growing economy category with the biggest population increasing as Americans continued to migrate to the Sun Belt in 2010 and 2011. The Dallas and Fort Worth region added more than 162,000 residents between July 2011 and July 2012, more than any other metro area. Three other Texas regions, Houston, Austin and San Antonio placed in the top ten in the latest census report. The major factors contributing to the growth are the reduced mortgages rates, housing affordability and the strong local economies in Texas that promotes new business.

Affordable Home Loans in Texas Have Helped the Local Housing Markets Rebound Quicker than in previous Recessions!

According to figures compiled by Eschbach, 16% of Americans who moved to other states between July 2011 and July 2012 came to Texas, which led the nation for the second straight year in that category. Home prices continue to be a big factor. A report earlier this month by Global Insight found that housing prices in the Dallas area were undervalued by as much as 30%.

Texas Home Loan Market Remain at the Top Nationally

Texas Mortgage RatesTexans Residents Enjoy Rise in Home Equity
Home sales have continuously climbed since the beginning of the year. And seven of the nation's projected top real estate markets are in Texas, according to the Real Estate Center at Texas A&M University.

The rising interest rate is not slowing home sales either. Market conditions show sales have grown from more than 15,000 in January to more than 26,000 in June, but lending reports suggest that activity on Texas home loans has been robust for the entire year. Average home prices have also jumped, more than $20,000, from $171,200 in January to $192,200 in June.

Texas Home Loans

"Most projections for mortgage interest rates this year anticipate the 30-year fixed rate to stay below 4%," says research economist James Gaines.

Expanded Texas Home Loan Programs to Reach More Borrowers
"The Federal Reserve is expected to discontinue its regular increases in short-term rates during the year as inflation fears stabilize. Although the U.S. savings rate remains effectively zero, foreign savings and investment in U.S. debt remain sufficient to keep rates from increasing much more. If these expectations hold, mortgage rates should continue to be attractive to the market."

Central Texas Home Sales Surge 28%.
According to a recent report, Texas home sales rose to their highest level 2012. Texas realtors reported 1,828 house sales in the Austin area last month.

Low Texas mortgage rates and positive State measures in the economy have impacted the State with a significant improvement in the housing sector.

"Expectations for 2013 are for continuation of a fairly robust overall economy with moderate-to-good job growth and sustained business productivity," says research economist James Gaines. "Corporate profits are up; the stock market closed up for 2012, and small businesses' prospects are positive. For now, there are no heavy clouds suggesting an economic slowdown or recession, but there may be a few wisps on the horizon."

The prime interest rate has stabilized at 4.25% for three months in a row. Keep in mind; the current rates haven't even come close to those from the 1980's. Texas mortgage brokers also reported another drop in second mortgage interest rates for this period. This resulted in a slight increase in home equity loan application volumes. While Texas 1st mortgage application volumes dipped slightly for the same period.

 

Texas State Loans

Applications for Texas mortgages have been surging again this year. According to a recent BankRate survey, Texas mortgage lenders have indicated that the drop in interest rates and the increased limits for FHA refinancing have spurred the market across the Lone Star State. We recommend refinancing with a fixed rate while the terms are favorable.

Texas Mortgage Lenders

Current Austin Mortgage Rates remain as low as ever. Local home sales saw a slight drop through most of Texas. Homeowners in Austin should feel blessed that property values through much of this region have remained steady. In case home values decline as with the rest of the nation, it may benefit you to refinance your adjustable rate mortgage or refinance and get cash out now, because Texas laws with cash out are strict. Getting a 2nd loan in Texas can be difficult. Borrowers below 90% LTV have been able to qualify for a Texas home equity loan.

Texas Home Equity Rates
Are your Home Equity Credit Line Interest Rates Rising? Find out why people keep coming back to us for Texas mortgages in 1st and 2nd position.

Getting a cash out loan in Texas can be tricky because the state laws are more restrictive than other states. However, there is cash out refinancing in Texas to qualified applicants.


Texas Home Refinancing

Lock the rate of your variable HELOC and get a fixed payment and term when you roll your credit line into a fixed mortgage loan.

Houston is one of the Texas cities that maintain a significant increase in home refinancing.

Check the Houston Texas Mortgage Rates

3.5% rate in Texas is on a 30-year fixed mortgage with an APR of 3.67 on a $250,000 loan amount.

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