Bank Mortgage Lender Rates in Texas
Home buyers in Texas have a wide choice of options to help finance a home purchase. To help select a bank mortgage lender in Texas, Findlocalmortgagerates.com provides the following survey of conventional and FHA mortgage rates in Texas from two of the largest bank mortgage lenders in the U.S., Bank of America and US Bank, and two Texas based bank mortgage lenders, American State Bank and Amarillo National Bank.
This survey, which includes Texas mortgage rates on 30 year conventional fixed rate home loans and FHA mortgage rates, is designed to help prospective home buyers narrow down their search for the best mortgage lender.
Buyers looking for a home loan that requires less of a down payment may want to consider an FHA mortgage but should compare both conventional and FHA loan types to determine which financing type may be the most appropriate.
An FHA insured and guaranteed mortgage loan are designed to make purchasing a home easier with more affordable down payment and cost options, especially for the first-time home buyer. FHA loans feature lower down payments and higher qualifying ratios than most conventional mortgages. There are some limits to the amount of money that can be borrowed with an FHA loan. The fixed rate loan option provides borrowers with a fixed interest rate over the term of the loan.
The results of the mortgage rate survey include:
American State Bank offers a 30 year fixed FHA mortgage rate at 4.75% with no points and an APR of 4.832%.
The 30 year conventional home loan rate in Texas from American State Bank is also at 4.75% with no points and an APR of 4.832%.
Amarillo National Bank offers a 30 FHA mortgage rate in Texas at 4.625% with zero points and a 5.042% APR.
The conventional 30 year fixed rate mortagge from Amarillo National Bank is at 4.75% with no points and a 4.786% APR.
A FHA mortgage from Bank of America on a 30 year fixed rate loan has a rate of 4.50% with 0.75 points and a 4.596% APR.
Bank of America mortgage rate in Texas on a 30 year fixed rate conventional loan is 4.75% with 1.0 point and an APR of 4.868%.
US Bank offers a 30 year FHA home loan in Texas with a mortgage rate of 4.875% and no points with an APR of 5.402%.
The 30 year conventional mortgage rate from US Bank is 4.75% with zero points and an APR of 4.815%.
All Texas mortgage rates listed are current as of this publication date but are subject to change without notice. All loans are subject to bank approval and additional conditions will apply. Not all mortgage applicants will qualify for these rates. Additional mortgage rates and point options are available from these mortgage lenders in Texas. Review the current mortgage rates and costs with each mortgage lender before committing to a final loan request.
American State Bank mortgage center can be reached at 806-767-8260. American State Bank offers mortgage loans in Texas and New Mexico.
Amarillo National Bank and an ANB Mortgage loan representative can be reached at 806-378-8000.
US Bank mortgage rate information can be obtained by calling the bank at 800-365-8544.
Bank of America Home Loans can be reached at 800-586-9861.